2223 WELLINGTON PLACE CORPORATION … - Form 990 Financial Data

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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

TRACY BOWMAN

Phone

7145586206

Tax Period

2022-01-01 to 2022-12-31

2223 WELLINGTON PLACE CORPORATION C/O OCERS, founded in 1996, is a micro nonprofit in the Community Improvement sector that reported $665K in total revenue in fiscal year 2022.

Mission

TO ACQUIRE AND HOLD REAL PROPERTY FOR THE BENEFIT OF ITS QUALIFYING SHAREHOLDER, ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM.

Program Service Accomplishments

Program 1

2223 WELLINGTON PLACE CORPORATION WAS FORMED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE TO AND COLLECTING THE INCOME FROM SUCH PROPERTY, AND REMITTING THE INCOME (NET OF...

2223 WELLINGTON PLACE CORPORATION WAS FORMED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE TO AND COLLECTING THE INCOME FROM SUCH PROPERTY, AND REMITTING THE INCOME (NET OF EXPENSES) TO ITS QUALIFYING SHAREHOLDER, ORANGE COUNTY EMPLOYEES RETIREMENT SYSTEM, ITS 100% SHAREHOLDER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $-664,706

TOTAL REVENUE $-664,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-664,706	$-362,558	+0.8%
Expenses	N/A	N/A	N/A
Net Income	N/A	$-362,558	N/A

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

N/A

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

$2,171,407

Total Directors

$2,006,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE DELANEY	PRESIDENT/CHAIR	0.00	Officer Director	$0	$185,366	$531,885
BRENDA SHOTT	VP/COO/VICE CHAIR	0.10	Officer Director	$0	$182,247	$491,958
SUZANNE JENIKE	DIRECTOR	0.00	Director	$0	$165,660	$466,364
GINA RATTO	SECRETARY/GEN COUNSEL	0.00	Officer Director	$0	$189,809	$516,590
CYNTHIA HOCKLESS	VP/ASST COO	0.10	Officer	$0	$99,770	$296,034
TRACY BOWMAN	CFO	0.10	Officer	$0	$121,742	$334,940

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
2022	$-664,706	No data	$17,424,939	No data
2021	$-362,558	No data	$17,523,528	No data
2020	$-386,920	No data	$17,273,316	No data
2019	$-529,910	$4,624	$7,013,658	$-534,534
2018	$-102,565	$26,952	$6,970,176	$-129,517

2223 WELLINGTON PLACE CORPORATION C/O OCERS