PARK RIDGE APARTMENTS INC co JDK ENTERPRISES LLC (EIN 300514332) - 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

Phone

3374068500

Tax Period

2024-01-01 to 2024-12-31

PARK RIDGE APARTMENTS INC co JDK ENTERPRISES LLC, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $202K exceeded revenue, resulting in a 54% operating deficit.

Mission

PROVIDES HOUSING, WHICH IS SUBSIDIZED BY HUD SECTION 8 RENTAL ASSISTANCE PAYMENTS, TO LOW INCOME FAMILIES THAT HAVE A FAMILY MEMBER WITH A DISABILITY AND/OR INDIVIDUALS WITH A DISABILITY AND THE NEED FOR ONGOING SUPPORT TO LIVE INDEPENDENTLY.

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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 $130,858

Investment Income $2

Other Revenue $0

TOTAL REVENUE $130,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,890

Fundraising Expenses $0

Program Expenses $201,680

Other Expenses $187,790

TOTAL EXPENSES $201,680

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,860	$138,302	-0.1%
Expenses	$201,680	$203,898	0.0%
Net Income	$-70,820	$-65,596	+0.1%

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

N/A

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
WILLIE MAYNARD JR	President	0.00	Officer Director	$0	$0	$0
IVAN J LEWIS	Secretary	0.00	Officer 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	$130,860	$201,680	$2,045,535	$-70,820
2023	$138,302	$203,898	$2,122,233	$-65,596
2022	$143,542	$209,028	$2,186,073	$-65,486
2021	$243,493	$257,251	$2,149,112	$-13,758
2020	$121,146	$167,151	$1,799,805	$-46,005
2019	$127,610	$167,672	$1,849,995	$-40,062
2018	$115,149	$157,895	$1,902,232	$-42,746

PARK RIDGE APARTMENTS INC co JDK ENTERPRISES LLC