EAST HAVEN APARTMENTS INC C/O SOUTHLAND MANAGEMENT CORPORATION (EIN 311537946) - 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

JEAN CADNEY

Phone

6019486401

Tax Period

2023-10-01 to 2024-09-30

EAST HAVEN APARTMENTS INC C/O SOUTHLAND MANAGEMENT CORPORATION, founded in 1999, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $152K exceeded revenue, resulting in a 11% operating deficit.

Mission

HOUSING FOR HANDICAPPED PERSONS

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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 $136,865

Investment Income $68

Other Revenue $335

TOTAL REVENUE $137,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,626

Fundraising Expenses $0

Program Expenses $126,272

Other Expenses $129,777

TOTAL EXPENSES $152,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$137,268	$161,234	-0.1%
Expenses	$152,403	$166,471	-0.1%
Net Income	$-15,135	$-5,237	+1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN CADNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBIN MCCORY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNETTE MIZE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT CLARK	TREASURER	1.00	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	$137,268	$152,403	$562,942	$-15,135
2023	$161,234	$166,471	$578,273	$-5,237
2022	$147,934	$173,286	$583,926	$-25,352
2021	$137,791	$160,582	$605,811	$-22,791
2020	$159,240	$161,049	$633,510	$-1,809
2019	$154,627	$145,696	$632,071	$8,931

EAST HAVEN APARTMENTS INC C/O SOUTHLAND MANAGEMENT CORPORATION