PRESERVE JADE EAST APARTMENTS INC (EIN 311552944) - 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

1996

Legal Domicile

Principal Officer

JASON ELZY

Phone

5417795785

Tax Period

2024-01-01 to 2024-12-31

PRESERVE JADE EAST APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $226K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $836K represent 44 months of operating reserves.

Mission

AFFORDABLE HOUSING.

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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 $223,678

Investment Income $2,301

Other Revenue $0

TOTAL REVENUE $225,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,529

Fundraising Expenses $0

Program Expenses $217,949

Other Expenses $177,511

TOTAL EXPENSES $242,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$225,979	$205,382	+0.1%
Expenses	$242,040	$252,527	0.0%
Net Income	$-16,061	$-47,145	-0.7%

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

$418,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT STODDARD	DIRECTOR	0.50	Director	$0	$0	$0
ROSEMARY HERNLEIN	CHAIRPERSON	0.50	Director	$0	$0	$0
LORI MAGEL	VICE-CHAIRPE	0.50	Director	$0	$0	$0
TERESA GAGLIO	DIRECTOR	0.50	Director	$0	$0	$0
THERESE MACGREGOR	DIRECTOR	0.50	Director	$0	$0	$0
MILAN HANSON	DIRECTOR	0.50	Director	$0	$0	$0
JAY STORMBERG	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN CONOVER	FIN. DIRECTO	1.00	Officer	$0	$11,342	$148,834
RYAN HAYNES	DEVELOPMENT	1.00	Highest	$0	$23,777	$176,845
JASON ELZY	EXECUTIVE DI	1.00	Officer	$0	$34,877	$269,168
CARA CARTER	DIRECTOR OF	1.00	Highest	$0	$20,454	$163,235

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	$225,979	$242,040	$877,656	$-16,061
2023	$205,382	$252,527	$892,524	$-47,145
2022	$187,988	$200,544	$929,509	$-12,556
2021	$187,128	$206,667	$948,950	$-19,539
2020	$186,661	$187,511	$975,181	$-850
2019	$186,897	$191,793	$981,575	$-4,896
2018	$198,441	$190,770	$987,996	$7,671

PRESERVE JADE EAST APARTMENTS INC