VERSAILLES APARTMENTS (EIN 251399564) - 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

1981

Legal Domicile

Principal Officer

LENA ANDREWS

Phone

4128239200

Tax Period

2024-11-01 to 2025-10-31

VERSAILLES APARTMENTS, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $311K in total revenue in fiscal year 2024. Expenses of $300K left a modest 4% surplus.

Mission

TO PROVIDE HOUSING FOR ELDERLY AND/OR HANDICAPPED LOW AND MODERATE INCOME FAMILIES.

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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 $225,786

Program Service Revenue $79,127

Investment Income $3,158

Other Revenue $3,053

TOTAL REVENUE $311,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $259,228

Other Expenses $299,785

TOTAL EXPENSES $299,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$311,124	$301,598	+0.0%
Expenses	$299,785	$264,412	+0.1%
Net Income	$11,339	$37,186	-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
LENA ANDREWS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES EASH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAM MILJUS	SECRETARY	1.00	Officer Director	$0	$0	$0
RON CIOTTI	TREASURER	1.00	Officer 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	$311,124	$299,785	$337,059	$11,339
2024	$301,598	$264,412	$333,608	$37,186
2023	$269,878	$316,440	$336,435	$-46,562
2022	$263,053	$528,833	$368,363	$-265,780
2021	$250,107	$276,040	$404,310	$-25,933
2020	$253,996	$256,967	$436,244	$-2,971
2019	$250,228	$316,634	$459,153	$-66,406
2018	$251,029	$232,144	$527,331	$18,885

VERSAILLES APARTMENTS