CHARRETTE APARTMENTS INC

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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

DONNA DIECKMAN

Phone

3148035494

Tax Period

2025-01-01 to 2025-12-31

CHARRETTE APARTMENTS INC, founded in 1972, is a micro nonprofit that reported $96K in total revenue in fiscal year 2025. Expenses of $187K exceeded revenue, resulting in a 95% operating deficit.

Mission

TO PROVIDE RENTAL HOUSING TO LOW AND MODERATE INCOME SENIOR CITIZENS, MENTALLY OR PHYSICALLY DISABLE OR HANDICAPPED.

Program Service Accomplishments

Program 1

Expenses: $62,475

RENTAL OF 20 UNITS TO LOW AND MODERATE INCOME SENIOR CITIZENS, MENTALLY OR PHYSICALLY DISABLE OR HANDICAPPED.

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,850

Program Service Revenue $90,868

Investment Income $2,282

Other Revenue $0

TOTAL REVENUE $96,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,210

Other Expenses $187,210

TOTAL EXPENSES $187,210

Year-over-Year Comparison

	2025	2024	Change
Revenue	$96,000	$97,538	0.0%
Expenses	$187,210	$108,685	+0.7%
Net Income	$-91,210	$-11,147	+7.2%

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

$9,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA DIECKMAN	TREASURER	20.00	Officer	$9,000	$0	$9,000
CARRIE DEEKER	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE ROYAL	BOARD MEMBER	N/A	Director	$0	$0	$0
ROSE SKRIVAN	BOARD MEMBER	N/A	Director	$0	$0	$0
BOB AHOLT	PRESIDENT	N/A	Officer	$0	$0	$0
DON DEEKER	SECRETARY	N/A	Officer	$0	$0	$0
MIKE MEYER	VICE PRESIDE	N/A	Officer	$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	$96,000	$187,210	$291,717	$-91,210
2024	$97,538	$108,685	$391,940	$-11,147
2023	$90,592	$116,842	$417,468	$-26,250
2022	$174,066	$112,316	$487,218	$61,750
2021	$85,723	$99,169	$451,058	$-13,446
2020	$87,172	$93,340	$472,070	$-6,168
2019	$83,336	$90,747	$484,305	$-7,411
2018	$83,485	$97,628	$497,450	$-14,143