THE ASSOCIATION'S SECOND PROPERTY INC (EIN 264566128) - 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

2009

Legal Domicile

Principal Officer

ANDREW CAIRES

Phone

4135851300

Tax Period

2024-07-01 to 2025-06-30

THE ASSOCIATION'S SECOND PROPERTY INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $89K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME ADULTS WITH DISABILITIES.

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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 $43,005

Program Service Revenue $20,368

Investment Income $16

Other Revenue $0

TOTAL REVENUE $63,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,323

Other Expenses $89,405

TOTAL EXPENSES $89,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,389	$48,886	+0.3%
Expenses	$89,405	$91,784	0.0%
Net Income	$-26,016	$-42,898	-0.4%

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

$432,597

Total Directors

$432,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUNO CALOURO	PRESIDENT (AS OF 2/25)	1.00	Officer Director	$0	$27,185	$273,160
ANDREW CAIRES	TREASURER/CLERK	1.00	Officer Director	$0	$30,818	$159,437
JOHN ROBERSON	PRESIDENT (UNTIL 1/25)	1.00	Officer Director	$0	$0	$0
DENISE COGMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET HALEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MORIARTY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY PIGNATARE	DIRECTOR (UNTIL 1/25)	1.00	Director	$0	$0	$0
GLENN WELCH	DIRECTOR (UNTIL 1/25)	1.00	Director	$0	$0	$0
MARK GERMAIN	DIRECTOR (UNTIL 1/25)	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
2025	$63,389	$89,405	$526,012	$-26,016
2024	$48,886	$91,784	$564,592	$-42,898
2023	$51,738	$86,909	$604,018	$-35,171
2022	$51,736	$64,911	$651,682	$-13,175
2021	$51,735	$73,300	$642,657	$-21,565
2020	$51,749	$82,856	$667,589	$-31,107
2019	$51,746	$76,757	$698,693	$-25,011
2018	$51,742	$82,312	$716,287	$-30,570

THE ASSOCIATION'S SECOND PROPERTY INC