ST JOSEPH APARTMENTS INC (EIN 251315648) - 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

1966

Legal Domicile

Principal Officer

SHARON RICHARDSON

Phone

8144533333

Tax Period

2022-10-01 to 2023-09-30

ST JOSEPH APARTMENTS INC, founded in 1966, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2022. Expenses of $1.5M left a modest 7% surplus.

Mission

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

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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 (2022)

Revenue Breakdown

Contributions & Grants $614,975

Program Service Revenue $868,882

Investment Income $114,398

Other Revenue $55,218

TOTAL REVENUE $1,653,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,317,919

Other Expenses $1,535,094

TOTAL EXPENSES $1,535,094

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,653,473	$1,729,473	0.0%
Expenses	$1,535,094	$1,378,242	+0.1%
Net Income	$118,379	$351,231	-0.7%

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
SHARON RICHARDSON	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MELISSA GRUCZA	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
JOE BLOOMSTINE	MEMBER	1.00	Director	$0	$0	$0
CINDY BROWN	MEMBER	1.00	Director	$0	$0	$0
ALMITRA CLERKIN	MEMBER	1.00	Director	$0	$0	$0
DR ANNETTE FRANKLIN	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
JANE KIRK	MEMBER	1.00	Director	$0	$0	$0
WILLIAM STEGER	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
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

ST JOSEPH APARTMENTS INC