RUSSO STREET APARTMENTS INC (EIN 311695775) - 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

2000

Legal Domicile

Principal Officer

BENEDICT LESSING JR

Phone

4012357000

Tax Period

2023-07-01 to 2024-06-30

RUSSO STREET APARTMENTS INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $141K in total revenue in fiscal year 2023. Net assets of $428K represent 36 months of operating reserves.

Mission

AFFORDABLE HOUSING UNDER HUD SECTION 811 OF NATIONAL HOUSING ACT

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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 $139,579

Investment Income $1,914

Other Revenue $0

TOTAL REVENUE $141,493

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $143,514

Other Expenses $143,514

TOTAL EXPENSES $143,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,493	$136,446	+0.0%
Expenses	$143,514	$153,107	-0.1%
Net Income	$-2,021	$-16,661	-0.9%

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
BENEDICT F LESSING JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIANNE GRONDALSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL KUBAS MEYER	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA A HAWES	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GARLICK	DIRECTOR	1.00	Director	$0	$0	$0
PAUL M DUMOUCHEL	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN KEARNS	DIRECTOR	1.00	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	$141,493	$143,514	$705,345	$-2,021
2023	$136,446	$153,107	$722,408	$-16,661
2022	$105,082	$134,718	$743,423	$-29,636
2021	$103,274	$134,937	$763,629	$-31,663
2020	$105,588	$126,945	$785,638	$-21,357
2019	$100,525	$135,701	$814,824	$-35,176

RUSSO STREET APARTMENTS INC