EDWARD M MARX APARTMENTS INC (EIN 270617110) - 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

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).

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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 $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

Governance

Voting Members

Independent Members

Employees

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

$547,545

Total Directors

$547,545

Key Employees

Highest Compensated

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

EDWARD M MARX APARTMENTS INC