ST JOSEPH 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

1966

Legal Domicile

Principal Officer

MATTHEW W GOOD

Phone

8144533333

Tax Period

2024-10-01 to 2025-09-30

ST JOSEPH APARTMENTS INC, founded in 1966, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $473K, a strong 21% operating margin.

Mission

TO PROVIDE AND MAINTAIN AFFORDABLE APARTMENT HOMES FOR THE ELDERLY AND NON-ELDERLY PHYSICALLY DISABLED ADULTS.

Program Service Accomplishments

Program 1

Expenses: $1,472,967 Revenue: $1,065,950

ST. JOSEPH APARTMENTS, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGBORHOOD DEVELOPMENT SERVICE (HANDS), PROVIDES 202 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING UNITS TO VERY-LOW, LOW AND MODERATE...

ST. JOSEPH APARTMENTS, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGBORHOOD DEVELOPMENT SERVICE (HANDS), PROVIDES 202 ATTRACTIVE AND AFFORDABLE RENTAL HOUSING UNITS TO VERY-LOW, LOW AND MODERATE INCOME ELDERLY AND NON-ELDERLY 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 $1,030,396

Program Service Revenue $1,007,322

Investment Income $126,814

Other Revenue $58,628

TOTAL REVENUE $2,223,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,472,967

Other Expenses $1,749,933

TOTAL EXPENSES $1,749,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,223,160	$1,755,250	+0.3%
Expenses	$1,749,933	$1,755,483	0.0%
Net Income	$473,227	$-233	-2032.0%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA GRUCZA	CHAIR	1.00	Officer Director	$0	$0	$0
JOE BLOOMSTINE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CINDY STONE	TREASURER	1.00	Officer Director	$0	$0	$0
SISTER MARIANNE STUCKERT	SECRETARY	1.00	Officer Director	$0	$0	$0
BETTY JO CHITESTER	MEMBER	1.00	Director	$0	$0	$0
MICHELLE HARKINS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL JARUSZEWICZ	MEMBER	1.00	Director	$0	$0	$0
DOUG MASSEY	MEMBER	1.00	Director	$0	$0	$0
CECELIA SHATEM	MEMBER	1.00	Director	$0	$0	$0
RICK SHERBONDY	MEMBER	1.00	Director	$0	$0	$0
JOHN VANTASSEL	MEMBER	1.00	Director	$0	$0	$0
JOHN VILLA	MEMBER	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	$2,223,160	$1,749,933	$8,229,823	$473,227
2024	No data	No data	No data	No data
2023	$1,653,473	$1,535,094	$7,352,367	$118,379
2022	$1,729,473	$1,378,242	$6,482,023	$351,231
2021	$1,687,346	$1,332,502	$7,548,548	$354,844
2020	$1,607,602	$1,271,569	$6,483,284	$336,033
2019	$1,583,221	$1,413,918	$6,258,701	$169,303
2018	$1,593,598	$1,431,044	$6,375,032	$162,554