CEDAR STREET 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

2007

Legal Domicile

Principal Officer

CAROL-ANN CASNER

Phone

6503683345

Tax Period

2024-07-01 to 2025-06-30

CEDAR STREET APARTMENTS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $194K in total revenue in fiscal year 2024. Expenses of $405K exceeded revenue, resulting in a 109% operating deficit.

Mission

A SINGLE PURPOSE, SINGLE ASSET CORPORATION TO PROVIDE PERMANENT SUPPORTIVE HOUSING TO VERY LOW-INCOME DISABLED ADULTS.

Program Service Accomplishments

Program 1

Expenses: $374,658 Revenue: $50,288

CEDAR STREET APARTMENTS PROVIDES PERMANENT SUPPORTIVE HOUSING TO 14 FORMERLY HOMELESS INDIVIDUALS DIAGNOSED WITH SERIOUS MENTAL ILLNESS. IN COOPERATION WITH MENTAL HEALTH ASSOCIATION OF SAN MATEO...

CEDAR STREET APARTMENTS PROVIDES PERMANENT SUPPORTIVE HOUSING TO 14 FORMERLY HOMELESS INDIVIDUALS DIAGNOSED WITH SERIOUS MENTAL ILLNESS. IN COOPERATION WITH MENTAL HEALTH ASSOCIATION OF SAN MATEO COUNTY, SUPPORT SERVICES ON-SITE INCLUDE SERVICE COORDINATION, CASE MANAGEMENT, OCCUPATIONAL THERAPY, MEDICATION MANAGEMENT ASSISTANCE AND OTHER GROUPS AND PROGRAMS AS NEEDED.

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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 $136,643

Program Service Revenue $50,288

Investment Income $6,996

Other Revenue $0

TOTAL REVENUE $193,927

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,770

Fundraising Expenses $0

Program Expenses $374,658

Other Expenses $384,528

TOTAL EXPENSES $405,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$193,927	$194,683	0.0%
Expenses	$405,298	$409,616	0.0%
Net Income	$-211,371	$-214,933	0.0%

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

$278,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL-ANN CASNER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ELISE CLOWES	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANNE WILLIAMS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
REV LANDON M BOGAN	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA PLATTE	EXECUTIVE DIRECTOR	5.00	Officer	$0	$20,631	$278,615

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	$193,927	$405,298	$4,588,402	$-211,371
2024	$194,683	$409,616	$4,724,794	$-214,933
2023	$190,900	$409,150	$4,854,785	$-218,250
2022	$175,507	$413,343	$4,983,712	$-237,836
2021	$217,057	$397,723	$5,108,910	$-180,666
2020	$152,656	$377,275	$5,207,266	$-224,619
2019	$163,882	$390,193	$5,328,196	$-226,311
2018	$146,176	$362,953	$5,483,642	$-216,777