ST VINCENTS FRUITLAND APARTMENTS LTD (EIN 261823849) - 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

2007

Legal Domicile

Principal Officer

JOHN W BRUNING

Phone

2086760329

Tax Period

2023-01-01 to 2023-12-31

ST VINCENTS FRUITLAND APARTMENTS LTD, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $107K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $176K exceeded revenue, resulting in a 65% operating deficit.

Mission

ST. VINCENT FRUITLAND APARTMENTS IS A SECTION 811 HOUSING PROJECT THAT PROVIDES HOUSING FOR VERY LOW INCOME PERSONS WHO ARE DISABLED DUE TO CHRONIC MENTAL ILLNESS AND PROVIDES SUCH HOUSING ACCOMODATIONS IN ACCORDANCE WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S REGULATIONS.

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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 $60,210

Program Service Revenue $45,976

Investment Income $445

Other Revenue $0

TOTAL REVENUE $106,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,971

Fundraising Expenses $0

Program Expenses $141,939

Other Expenses $154,151

TOTAL EXPENSES $176,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,631	$90,513	+0.2%
Expenses	$176,122	$167,784	+0.0%
Net Income	$-69,491	$-77,271	-0.1%

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
LARRY RILEY	EXECUTIVE DIRECTOR	2.00		$0	$16,468	$131,444
LINDA MITCHELL	Secretary	0.10	Officer Director	$0	$0	$0
JOHN W BRUNING	President	0.10	Officer Director	$0	$0	$0
ROBERT MYKLEBUST	Director	0.10	Director	$0	$0	$0
RENATA MCLEOD	Director	0.10	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	$106,631	$176,122	$1,847,660	$-69,491
2022	$90,513	$167,784	$1,922,449	$-77,271
2021	$86,391	$157,806	$1,980,219	$-71,415
2020	$78,743	$139,072	$2,039,117	$-60,329
2019	$81,322	$139,833	$2,100,159	$-58,511
2018	$82,177	$189,812	$2,156,790	$-107,635

ST VINCENTS FRUITLAND APARTMENTS LTD