DESTINY TOWERS INC (EIN 261483697) - 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

2010

Legal Domicile

Phone

8886800909

Tax Period

2024-01-01 to 2024-12-31

DESTINY TOWERS INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $482K in total revenue in fiscal year 2024. Expenses of $637K exceeded revenue, resulting in a 32% operating deficit.

Mission

Provide housing to very low-income elderly persons and very low-income persons with disabilities, subject to regulations provided by the Department of Housing and

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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 $0

Program Service Revenue $479,418

Investment Income $272

Other Revenue $2,562

TOTAL REVENUE $482,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,876

Fundraising Expenses $0

Program Expenses $511,575

Other Expenses $494,335

TOTAL EXPENSES $637,211

Year-over-Year Comparison

	2024	2023	Change
Revenue	$482,252	$464,158	+0.0%
Expenses	$637,211	$667,747	0.0%
Net Income	$-154,959	$-203,589	-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
Wiley Williams	President	1.00	Officer Director	$0	$0	$0
Cecil Clayton	Vice President	1.00	Officer Director	$0	$0	$0
Dr Joyce Moore-Stoval	Board Member	1.00	Officer Director	$0	$0	$0
Ron Hodges	Board Member	1.00	Director	$0	$0	$0
Shanon Clifton	Board 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	$482,252	$637,211	$3,308,136	$-154,959
2023	$464,158	$667,747	$3,530,159	$-203,589
2022	$421,934	$604,808	$3,698,175	$-182,874
2021	$362,667	$588,246	$3,837,848	$-225,579
2020	$-220,038	No data	$4,068,384	No data
2019	$-250,567	No data	$4,292,160	No data
2018	$-250,268	No data	$4,492,137	No data

DESTINY TOWERS INC