BURKE PLACE APARTMENTS (EIN 262712246) - 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

2008

Legal Domicile

Principal Officer

JULIE FISHER

Phone

3604527224

Tax Period

2024-01-01 to 2024-12-31

BURKE PLACE APARTMENTS, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $95K in total revenue in fiscal year 2024. Expenses of $158K exceeded revenue, resulting in a 67% operating deficit.

Mission

CONSTRUCT AND OPERATE A RESIDENTIAL RENTAL HOUSING FACILITY FOR HOUSEHOLDS WITH INCOMES AT OR BELOW 50% OF THE AREA MEDIAN INCOME IN WHICH ONE MEMBER OF EACH HOUSEHOLD IS DISABLED.

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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 $93,558

Investment Income $299

Other Revenue $873

TOTAL REVENUE $94,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $126,258

Other Expenses $157,781

TOTAL EXPENSES $157,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,730	$95,260	0.0%
Expenses	$157,781	$148,320	+0.1%
Net Income	$-63,051	$-53,060	+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

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

$76,171

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE FISHER	PRESIDENT	3.00	Officer Director	$0	$0	$0
BRENDA CARPENTER	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
MYRNA SCHAAF	SECRETARY	3.00	Officer Director	$0	$0	$0
SHARON MAGGARD	EXECUTIVE DIRECTOR	3.00	Officer	$0	$910	$76,171
SALLY ADAMS	TREASURER	3.00	Officer Director	$0	$0	$0
LISA DELGUZZI	MEMBER	3.00	Director	$0	$0	$0
LORI DEY	MEMBER	3.00	Director	$0	$0	$0
BOB DUNLAP	MEMBER (THRU 04/24)	3.00	Director	$0	$0	$0
AMBER WHEELER HASENPFLU	MEMBER	3.00	Director	$0	$0	$0
BRIAN KING	MEMBER	3.00	Director	$0	$0	$0
DAN POWERS	MEMBER	3.00	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	$94,730	$157,781	$1,932,113	$-63,051
2023	$95,260	$148,320	$1,984,379	$-53,060
2022	$97,694	$160,008	$2,002,340	$-62,314
2021	$110,747	$192,398	$2,059,054	$-81,651
2020	$96,965	$155,620	$2,140,652	$-58,655
2019	$96,902	$155,673	$2,204,760	$-58,771
2018	$95,513	$178,651	$2,256,628	$-83,138

BURKE PLACE APARTMENTS