OLD CITY PRESBYTERIAN APARTMENTS INC

EIN: 232778769 501(c)(3) Human Services

LAFAYETTE HILL, PA

Total Revenue
$992,523
Total Expenses
$976,884
Total Assets
$2,481,277
Net Assets
$-3,297,913
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
PA
Principal Officer
JOHN H COCHRANE III
Phone
6108341001
Tax Period
2023-01-01 to 2023-12-31

OLD CITY PRESBYTERIAN APARTMENTS INC, founded in 1994, is a small nonprofit in the Human Services sector that reported $993K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION OWNS AND OPERATES A 60-UNIT AFFORDABLE HOUSING PROJECT IN PHILADELPHIA, PA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $748,601
Program Service Revenue $238,740
Investment Income $60
Other Revenue $5,122
TOTAL REVENUE $992,523

Expense Breakdown

Grants Paid $0
Salaries & Benefits $259,481
Fundraising Expenses $0
Program Expenses $923,268
Other Expenses $717,403
TOTAL EXPENSES $976,884

Year-over-Year Comparison

2023 2022 Change
Revenue $992,523 $964,443 +0.0%
Expenses $976,884 $1,008,009 0.0%
Net Income $15,639 $-43,566 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
5
Employees
6
Volunteers
7

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$4,118,620
Total Directors
7
$451,000
Key Employees
1
$458,683
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL STAMPER CHAIR 0.10
Officer Director
$0 $0 $73,000
ALBERT KELLEY VICE CHAIR 0.10
Officer Director
$0 $0 $63,000
H DECLAN BROWN SECRETARY 0.10
Officer Director
$0 $0 $63,000
JUDITH BAKER BOARD MEMBER 0.10
Director
$0 $0 $63,000
REV MICHELLE HOLMES BOARD MEMBER 0.10
Director
$0 $0 $63,000
WILLIAM BATISON BOARD MEMBER 0.10
Director
$0 $0 $63,000
ALLAN GRIFFITH BOARD MEMBER 0.10
Director
$0 $0 $63,000
JOHN H COCHRANE III CHIEF EXECUTIVE OFFICER 0.50
Officer
$0 $40,383 $1,137,774
DANIEL OGUS CHIEF OPERATING OFFICER 0.50
Officer
$0 $41,587 $895,319
ANDREW MCDONALD CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $40,715 $651,891
BETHANY GHASSEMI CHIEF LEGAL OFFICER 0.50
Officer
$0 $15,193 $560,689
ANIKA HARTOUNIAN VP OF FINANCE 0.50
Officer
$0 $38,036 $334,595
NICK LINDBERG CHIEF INFORMATION OFFICE 0.50
Officer
$0 $1,975 $229,272
MIN FLEMING MENG CHIEF INFORMATION OFFICE 0.00
Officer
$0 $0 $110,080
JENNIFER KAPPEN SVP - AFFORDABLE HOUSING 8.00
Key Emp
$0 $47,857 $458,683
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $992,523 $976,884 $2,481,277 $15,639
2022 $964,443 $1,008,009 $2,448,769 $-43,566
2021 $962,640 $932,925 $2,514,394 $29,715
2020 $963,860 $969,527 $2,435,466 $-5,667
2019 $927,717 $977,981 $2,438,425 $-50,264
2018 $928,957 $972,277 $2,472,946 $-43,320
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