AVENUE OF THE ARTS PRESBYTERIAN - … - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

6108341001

Tax Period

2023-01-01 to 2023-12-31

AVENUE OF THE ARTS PRESBYTERIAN - PSC APARTMENTS INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $914K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 36% operating deficit.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE, AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTRANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU.

Program Service Accomplishments

Program 1

Expenses: $1,165,227 Revenue: $412,185

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF AN 85 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND...

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF AN 85 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT. 84 OF THE 85 UNITS ARE AVAILABLE TO RESIDENTS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $476,433

Program Service Revenue $412,185

Investment Income $22

Other Revenue $25,370

TOTAL REVENUE $914,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,013

Fundraising Expenses $0

Program Expenses $1,165,227

Other Expenses $977,940

TOTAL EXPENSES $1,241,953

Year-over-Year Comparison

	2023	2022	Change
Revenue	$914,010	$904,524	+0.0%
Expenses	$1,241,953	$1,238,390	+0.0%
Net Income	$-327,943	$-333,866	0.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$3,981,947

Total Directors

$63,000

Key Employees

$458,683

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY ELLEN BOLDEN	SECRETARY	0.50	Officer Director	$0	$0	$0
ALAN GRIFFITH	BOARD CHAIR	0.10	Director	$0	$0	$63,000
HARRY SKIP DITTMANN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
REV RANDY BARGER	BOARD MEMBER	0.50	Director	$0	$0	$0
MR WILLIAM G YOUNG JR	BOARD MEMBER	0.50	Director	$0	$0	$0
MR JOHN C UNGAR	BOARD MEMBER	0.50	Director	$0	$0	$0
JUDEE BAVARIA	BOARD MEMBER	0.50	Director	$0	$0	$0
REV NANCY MUTH	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN H COCHRANE III	PRESIDENT AND CEO	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/TREASURER	0.50	Officer	$0	$40,715	$651,891
BETHANY GHASSEMI	CHIEF LEGAL OFFICER/ASSISTANT SECRETARY	0.50	Officer	$0	$15,193	$560,689
ROXANNE CHASE	ASSISTANT SECRETARY	0.50	Officer	$0	$0	$0
SHACASEY ROGERS	VP HUMAN RESOURCES	0.50	Officer	$0	$24,300	$396,922
NICK LINDBERG	CHIEF INFORMATION OFFICER	0.50	Officer	$0	$1,975	$229,272
FLEMING MENG	CHIEF INFORMATION OFFICER	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	$914,010	$1,241,953	$4,288,625	$-327,943
2022	$904,524	$1,238,390	$4,526,079	$-333,866
2021	$897,799	$1,111,958	$4,886,251	$-214,159
2020	$907,560	$1,049,076	$5,055,833	$-141,516
2019	$857,716	$1,054,685	$5,220,863	$-196,969
2018	$849,840	$1,006,353	$5,355,279	$-156,513

AVENUE OF THE ARTS PRESBYTERIAN - PSC APARTMENTS INC