CAMBRIDGE APARTMENTS CORPORATION (EIN 237009943) - 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

1964

Legal Domicile

Principal Officer

CARMEN PORCO

Phone

4143527120

Tax Period

2024-10-01 to 2025-09-30

CAMBRIDGE APARTMENTS CORPORATION, founded in 1964, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $182K, a strong 16% operating margin.

Mission

TO PROVIDE LOWER INCOME HOUSING

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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 $95,402

Program Service Revenue $1,069,498

Investment Income $0

Other Revenue $9,513

TOTAL REVENUE $1,174,413

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,467

Fundraising Expenses $0

Program Expenses $905,656

Other Expenses $694,876

TOTAL EXPENSES $992,343

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,174,413	$1,018,103	+0.2%
Expenses	$992,343	$1,072,422	-0.1%
Net Income	$182,070	$-54,319	-4.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL BYLEEN	DIRECTOR	1.00	Director	$0	$0	$0
REV JOHN WALTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV MARCUS ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
DR GLORIA V HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
REV MARK CLINGER	DIRECTOR	1.00	Director	$0	$0	$0
REV WALTER LANIER	DIRECTOR	1.00	Director	$0	$0	$0
BILL HAUSLER	TREASURER	1.00	Officer Director	$0	$0	$0
REV CARMEN PORCO	SECRETARY	1.00	Officer Director	$0	$0	$0
REV ARCHIE IVY	PRESIDENT	1.00	Officer Director	$0	$0	$0
GLORIA LADSON-BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
MS BARBARA JILL THOMAS	DIRECTOR	1.00	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
2025	$1,174,413	$992,343	$2,071,740	$182,070
2024	$1,018,103	$1,072,422	$1,840,125	$-54,319
2023	$1,058,137	$1,051,668	$1,816,407	$6,469
2022	$997,105	$940,664	$1,773,514	$56,441
2021	$950,069	$912,687	$1,717,309	$37,382
2020	$964,847	$914,822	$1,681,179	$50,025
2019	$929,896	$862,069	$1,617,927	$67,827
2018	$924,950	$827,664	$1,556,926	$97,286

CAMBRIDGE APARTMENTS CORPORATION