PIGEON FALLS APARTMENTS INC (EIN 237120900) - 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

1971

Legal Domicile

Principal Officer

FRANCES MANKA

Phone

7155382274

Tax Period

2024-01-01 to 2024-12-31

PIGEON FALLS APARTMENTS INC, founded in 1971, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $38K, a strong 26% operating margin.

Mission

TO OPERATE, MAINTAIN AND PROMOTE SAFE AFFORDABLE HOUSING FOR LOW INCOME AND HANDICAPPED INDIVIDUALS.

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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 $17,313

Program Service Revenue $125,927

Investment Income $30

Other Revenue $2,850

TOTAL REVENUE $146,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,367

Fundraising Expenses $0

Program Expenses $78,299

Other Expenses $83,866

TOTAL EXPENSES $108,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,120	$170,854	-0.1%
Expenses	$108,233	$161,566	-0.3%
Net Income	$37,887	$9,288	+3.1%

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

Independent Members

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

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SHERRY BRASDA	DIRECTOR	Director	$0	$0	$0
SCOTT BROWN	DIRECTOR	Director	$0	$0	$0
CURTIS JOHNSON	CHAIR	Officer Director	$0	$0	$0
KAREN WITTE	VICE CHAIR	Officer Director	$0	$0	$0
TIM ZEGLIN	DIRECTOR	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	$146,120	$108,233	$186,014	$37,887
2023	$170,854	$161,566	$170,471	$9,288
2022	$136,661	$124,360	$179,755	$12,301
2021	$120,762	$126,057	$187,419	$-5,295
2020	$128,596	$117,974	$207,724	$10,622
2019	$128,508	$126,195	$216,267	$2,313
2018	$127,340	$128,195	$230,230	$-855

PIGEON FALLS APARTMENTS INC