CHARLES PLACE APARTMENTS (EIN 273747218) - 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

2010

Legal Domicile

Principal Officer

MICHAEL DREW

Phone

2172237904

Tax Period

2023-07-01 to 2024-06-30

CHARLES PLACE APARTMENTS, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $108K in total revenue in fiscal year 2018. Expenses of $202K exceeded revenue, resulting in a 87% operating deficit.

Mission

PROVIDE HOUSING TO LOW INCOME SENIORS

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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 $0

Program Service Revenue $137,834

Investment Income $1,003

Other Revenue $2,884

TOTAL REVENUE $141,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,955

Other Expenses $224,493

TOTAL EXPENSES $224,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,721	$131,148	+0.1%
Expenses	$224,493	$213,609	+0.1%
Net Income	$-82,772	$-82,461	+0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DREW	PRESIDENT	5.00	Officer Director	$0	$0	$0
VANESSA KEPPNER	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
BRENDA FLEMING	DIRECTOR	0.50	Director	$0	$0	$0
LYNN NIEWOHNER	DIRECTOR	0.50	Director	$0	$0	$0
REX POWELL	DIRECTOR	0.50	Director	$0	$0	$0
TIM WARD	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$141,721	$224,493	$1,457,299	$-82,772
2023	$131,148	$213,609	$1,544,513	$-82,461
2022	$118,246	$206,830	$1,624,696	$-88,584
2021	$121,694	$204,492	$1,712,422	$-82,798
2020	$122,444	$226,487	$1,788,021	$-104,043
2019	$107,952	$201,741	$1,903,180	$-93,789

CHARLES PLACE APARTMENTS