A Better Chance Apartments Inc

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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

2003

Legal Domicile

Phone

5106691469

Tax Period

2024-01-01 to 2024-12-31

A Better Chance Apartments Inc, founded in 2003, is a small nonprofit in the Human Services sector that reported $127K in total revenue in fiscal year 2024. Expenses of $257K exceeded revenue, resulting in a 103% operating deficit.

Mission

PROVIDE SUBSIDIZED HOUSING TO INDIVIDUALS OF AT LEAST 18 YEARS OF AGE WITH DEVELOPMENTAL DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $257,283 Revenue: $126,687

PROVIDE LOW INCOME HOUSING TO INDIVIDUALS OF AT LEAST 18 YEARS OF AGE WITH DEVELOPMENTAL DISABILITIES.

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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 $56,898

Program Service Revenue $68,915

Investment Income $6

Other Revenue $868

TOTAL REVENUE $126,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,101

Fundraising Expenses $0

Program Expenses $257,283

Other Expenses $248,182

TOTAL EXPENSES $257,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,687	$119,199	+0.1%
Expenses	$257,283	$225,454	+0.1%
Net Income	$-130,596	$-106,255	+0.2%

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

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
PATRICIA YEN	Vice President	1.00	Officer Director	$0	$0	$0
THOMAS CASAZZA	Vice President	1.00	Officer Director	$0	$0	$0
JOHN WADE	President	1.00	Officer Director	$0	$0	$0
Thomas Widger	Director	0.25	Director	$0	$0	$0
PATRICK CAREY	Director	0.25	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	$126,687	$257,283	$2,303,149	$-130,596
2023	$119,199	$225,454	$2,434,855	$-106,255
2022	$130,711	$229,491	$2,541,316	$-98,780
2021	$131,250	$220,340	$2,635,626	$-89,090
2020	$135,140	$222,861	$2,722,444	$-87,721
2019	$127,470	$209,517	$2,806,453	$-82,047
2018	$118,493	$191,839	$2,888,440	$-73,346