DECHANTAL APARTMENTS INC (EIN 237176644) - 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

1972

Legal Domicile

Principal Officer

FEINBERG WAYNE

Phone

5188912020

Tax Period

2024-04-01 to 2025-03-31

DECHANTAL APARTMENTS INC, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $729K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $1.7M represent 29 months of operating reserves.

Mission

RENTAL TO LOW-INCOME SENIOR CITIZENS

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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 $676,829

Investment Income $0

Other Revenue $52,138

TOTAL REVENUE $728,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,452

Fundraising Expenses $0

Program Expenses $780,459

Other Expenses $685,007

TOTAL EXPENSES $780,459

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,967	$658,479	+0.1%
Expenses	$780,459	$697,468	+0.1%
Net Income	$-51,492	$-38,989	+0.3%

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

N/A

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
FEINBERG WAYNE	MANAGING AGE	N/A	Officer	$0	$0	$0
HARVEY NEIL	DIRECTOR	N/A	Director	$0	$0	$0
HERRMANN PAUL	DIRECTOR	N/A	Director	$0	$0	$0
OLSEN ERIC	PRESIDENT	N/A	Officer Director	$0	$0	$0
SMITH MITCHELL	TREASURER	N/A	Officer Director	$0	$0	$0
MANNING JERRY	DIRECTOR	N/A	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	$728,967	$780,459	$1,865,563	$-51,492
2024	$658,479	$697,468	$1,899,843	$-38,989
2023	$601,437	$819,337	$1,958,480	$-217,900
2022	$644,026	$696,270	$2,131,509	$-52,244
2021	$629,063	$572,869	$2,225,554	$56,194
2020	$538,235	$668,870	$2,298,699	$-130,635
2019	$537,153	$649,127	$2,228,564	$-111,974

DECHANTAL APARTMENTS INC