SYLVAN RETREAT APARTMENTS INC (EIN 233085236) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

ZOE BRACCI

Phone

7172911911

Tax Period

2024-01-01 to 2024-12-31

SYLVAN RETREAT APARTMENTS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $327K in total revenue in fiscal year 2024. Expenses of $417K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO CONSTRUCT AND OPERATE A RENTAL HOUSING FACILITY FOR LOW-INCOME, ELDERLY TENANTS AS DEFINED BY HUD REGULATIONS AND GUIDELINES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $298,456

Investment Income $478

Other Revenue $27,684

TOTAL REVENUE $326,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,933

Fundraising Expenses $0

Program Expenses $394,546

Other Expenses $328,921

TOTAL EXPENSES $416,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$326,618	$319,307	+0.0%
Expenses	$416,854	$398,711	+0.0%
Net Income	$-90,236	$-79,404	+0.1%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

$186,781

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARLENE WOODRUFF	HDC REPRESENTATIVE DIRECTO	0.50	Director	$0	$11,483	$186,781
ZOE BRACCI	PRESIDENT	0.50	Officer Director	$0	$0	$0
LARRY REICH	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JO RAFF	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
CHRIS DRIGGS	DIRECTOR	0.50	Director	$0	$0	$0
LEE MILLS	DIRECTOR	0.50	Director	$0	$0	$0
ELAINE SAVUKAS	DIRECTOR	0.50	Director	$0	$0	$0
JEAN WEGLARZ	DIRECTOR	0.50	Officer Director	$0	$0	$0

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	$326,618	$416,854	$2,087,725	$-90,236
2023	$319,307	$398,711	$2,176,224	$-79,404
2022	$309,361	$379,947	$2,255,371	$-70,586
2021	$299,662	$415,030	$2,335,001	$-115,368
2020	$299,115	$342,591	$2,444,821	$-43,476
2019	$280,705	$369,498	$2,488,651	$-88,793
2018	$272,328	$373,371	$2,571,200	$-101,043

SYLVAN RETREAT APARTMENTS INC