BROOKSIDE APARTMENTS INC (EIN 251755545) - 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

1996

Legal Domicile

Principal Officer

MATTHEW W GOOD

Phone

8144533333

Tax Period

2023-10-01 to 2024-09-30

BROOKSIDE APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $190K in total revenue in fiscal year 2023. Expenses of $215K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE AND MAINTAIN 20 AFFORDABLE APARTMENT HOMES FOR THE ELDERLY IN MEADVILLE, PA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $77,803

Program Service Revenue $108,270

Investment Income $2,698

Other Revenue $1,416

TOTAL REVENUE $190,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $187,628

Other Expenses $214,551

TOTAL EXPENSES $214,551

Year-over-Year Comparison

	2023	2022	Change
Revenue	$190,187	$177,229	+0.1%
Expenses	$214,551	$202,193	+0.1%
Net Income	$-24,364	$-24,964	0.0%

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
ALMITRA CLERKIN	MEMBER THROUGH APR 2024	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 THROUGH NOV 2023	1.00	Director	$0	$0	$0
DOUG MASSEY	MEMBER FROM APR 2024	1.00	Director	$0	$0	$0
SHARON RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA SHATEM	MEMBER FROM MAR 2024	1.00	Director	$0	$0	$0
RICK SHERBONDY	MEMBER FROM MAY 2024	1.00	Director	$0	$0	$0
WILLIAM STEGER	MEMBER THROUGH DEC 2023	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	$190,187	$214,551	$683,865	$-24,364
2023	$177,229	$202,193	$712,089	$-24,964
2022	$171,996	$174,491	$733,550	$-2,495
2021	$170,232	$196,561	$735,615	$-26,329
2020	$155,041	$198,189	$773,206	$-43,148
2019	$153,703	$183,859	$814,972	$-30,156
2018	$164,234	$160,607	$833,585	$3,627

BROOKSIDE APARTMENTS INC