EDWARD M MARX APARTMENTS INC

EIN: 270617110 501(c)(3)

PLANTATION, FL

Total Revenue
$439,789
Total Expenses
$556,559
Total Assets
$4,574,494
Net Assets
$3,927,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IL
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2024-07-01 to 2025-06-30

EDWARD M MARX APARTMENTS INC, founded in 2009, is a small nonprofit that reported $440K in total revenue in fiscal year 2024. Expenses of $557K exceeded revenue, resulting in a 27% operating deficit.

Mission

OPERATIONS OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $342,153 Revenue: $437,134

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $437,134
Investment Income $2,459
Other Revenue $196
TOTAL REVENUE $439,789

Expense Breakdown

Grants Paid $0
Salaries & Benefits $61,520
Fundraising Expenses $0
Program Expenses $342,153
Other Expenses $495,039
TOTAL EXPENSES $556,559

Year-over-Year Comparison

2024 2023 Change
Revenue $439,789 $420,902 +0.0%
Expenses $556,559 $603,554 -0.1%
Net Income $-116,770 $-182,652 -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

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Governance

Voting Members
10
Independent Members
9
Employees
5
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
5
$547,545
Total Directors
11
$547,545
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO VICE PRESIDE 0.70
Officer Director
$0 $75,384 $521,004
JOHN OLSEN TREASURER 0.50
Officer Director
$0 $0 $26,541
MAXINE CARTER DIRECTOR 0.10
Director
$0 $0 $0
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 0.10
Director
$0 $0 $0
EDWARD ROMERO EXEC. VICE P 0.10
Officer Director
$0 $0 $0
ERICA SCHMELZER DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER SHELTON PRESIDENT 0.50
Officer Director
$0 $0 $0
MARGARET SLISZ DIRECTOR 0.10
Director
$0 $0 $0
PETER TYOR DIRECTOR 0.10
Director
$0 $0 $0
THOMAS VILLANOVA 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
2025 $439,789 $556,559 $4,574,494 $-116,770
2024 $420,902 $603,554 $4,821,197 $-182,652
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