CROSS LANES UNITY APARTMENTS INC (EIN 311499999) - 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

1999

Legal Domicile

Principal Officer

JOSHUA D SWORD

Phone

3042968223

Tax Period

2023-07-01 to 2024-06-30

CROSS LANES UNITY APARTMENTS INC, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $315K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDE SUBSIDIZED RENTAL HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS.

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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 $222,611

Investment Income $88

Other Revenue $56,310

TOTAL REVENUE $279,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,846

Fundraising Expenses $0

Program Expenses $231,185

Other Expenses $241,978

TOTAL EXPENSES $314,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$279,009	$223,249	+0.2%
Expenses	$314,824	$246,894	+0.3%
Net Income	$-35,815	$-23,645	+0.5%

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

$390,484

Total Directors

$390,484

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA D SWORD	PRESIDENT	1.00	Officer Director	$0	$53,483	$146,338
ANDY WALTERS	SECRETARY TR	1.00	Officer Director	$0	$41,410	$131,144
CLAUDETTE KARR	VICE PRESIDE	1.00	Officer Director	$0	$30,958	$113,002
FRED ALBERT	EXECUTIVE BO	0.05	Director	$0	$0	$0
HEATHER ANDERSON	EXECUTIVE BO	0.05	Director	$0	$0	$0
ROBERT BROWN	EXECUTIVE BO	0.05	Director	$0	$0	$0
MIKE CAPUTO	EXECUTIVE BO	0.05	Director	$0	$0	$0
JOE CARTER	EXECUTIVE BO	0.05	Director	$0	$0	$0
DAN DOYLE	EXECUTIVE BO	0.05	Director	$0	$0	$0
JOHN EPPERLY	EXECUTIVE BO	0.03	Director	$0	$0	$0
JOYCE GIBSON	EXECUTIVE BO	0.05	Director	$0	$0	$0
ELAINE HARRIS	EXECUTIVE BO	0.05	Director	$0	$0	$0
JESS KING	EXECUTIVE BO	0.03	Director	$0	$0	$0
PK MARONEY	COMMUNITY RE	0.05	Director	$0	$0	$0
CHUCK PARKER	EXECUTIVE BO	0.05	Director	$0	$0	$0
DANIEL J POLING	EXECUTIVE BO	0.05	Director	$0	$0	$0
GARY SOUTHALL	EXECUTIVE BO	0.03	Director	$0	$0	$0
BRIAN WEDGE	EXECUTIVE BO	0.05	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	$279,009	$314,824	$1,262,345	$-35,815
2023	$223,249	$246,894	$1,263,633	$-23,645
2022	$209,440	$260,522	$1,283,298	$-51,082
2021	$217,623	$225,451	$1,356,998	$-7,828
2020	$215,776	$257,549	$1,326,831	$-41,773
2019	$212,276	$231,953	$1,368,480	$-19,677
2018	$189,223	$245,860	$1,384,286	$-56,637

CROSS LANES UNITY APARTMENTS INC