Greenfield Terrace Apartments Inc (EIN 251702102) - 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

1995

Legal Domicile

Principal Officer

Lena Andrews

Phone

4128293910

Tax Period

2024-01-01 to 2024-12-31

Greenfield Terrace Apartments Inc, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $300K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $397K exceeded revenue, resulting in a 33% operating deficit.

Mission

Housing for Elderly

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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 $177,837

Program Service Revenue $118,801

Investment Income $253

Other Revenue $2,771

TOTAL REVENUE $299,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,100

Fundraising Expenses $0

Program Expenses $348,188

Other Expenses $378,301

TOTAL EXPENSES $397,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$299,662	$257,207	+0.2%
Expenses	$397,401	$375,222	+0.1%
Net Income	$-97,739	$-118,015	-0.2%

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

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
Joe Costa	Director	1.00	Director	$0	$0	$0
Greg Simmons	Director	1.00	Director	$0	$0	$0
Lena Andrews	President	1.00	Officer	$0	$0	$0
Jodi Lincoln	Vice President	1.00	Officer	$0	$0	$0
James Eash	Secretary	1.00	Officer	$0	$0	$0
Sarah Ralich	Treasurer	1.00	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
2024	$299,662	$397,401	$1,158,424	$-97,739
2023	$257,207	$375,222	$1,212,201	$-118,015
2022	$288,509	$385,579	$1,294,675	$-97,070
2021	$290,622	$363,538	$1,375,621	$-72,916
2020	$298,121	$331,744	$1,437,879	$-33,623
2019	$260,740	$341,208	$1,515,348	$-80,468
2018	$254,052	$385,315	$1,582,235	$-131,263

Greenfield Terrace Apartments Inc