FAIRVIEW PARK SENIOR APARTMENT CORP

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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

1987

Legal Domicile

Principal Officer

BILL MINEK

Phone

4403310670

Tax Period

2024-06-01 to 2025-05-31

FAIRVIEW PARK SENIOR APARTMENT CORP, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $859K in total revenue in fiscal year 2024.

Mission

A NON-PROFIT CORPORATION ORGANIZED TO PROVIDE ELDERLY PERSONS WITH HOUSING AND RELATED SERVICES TO MEET THEIR PHYSICAL AND SOCIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $850,722 Revenue: $852,340

THE ORGANIZATION'S PURPOSE IS TO PROVIDE HOUSING ASSISTANCE FOR THE ELDERLY. THE PROGRAM SERVICE EXPENSES LISTED ABOVE RELATE TO CARRYING ON THE PURPOSE OF THIS ORGANIZATION.

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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 $853,843

Investment Income $5,201

Other Revenue $0

TOTAL REVENUE $859,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,896

Fundraising Expenses $0

Program Expenses $850,722

Other Expenses $812,893

TOTAL EXPENSES $903,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$859,044	$831,333	+0.0%
Expenses	$903,789	$842,158	+0.1%
Net Income	$-44,745	$-10,825	+3.1%

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

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
WILLIAM MINEK	PRESIDENT	2.00	Officer Director	$0	$0	$0
DANIEL PLATTEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAMES PROCTOR	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MARILYN YESBERGER	TRUSTEE	1.00	Director	$0	$0	$0
PATRICIA GAUL	TRUSTEE	1.00	Director	$0	$0	$0
MATT LARGE	TRUSTEE	1.00	Director	$0	$0	$0
JUDY NICOLOFF	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE HURSKY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH MAYNARD	TRUSTEE	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	$859,044	$903,789	$1,725,336	$-44,745
2024	$831,333	$842,158	$1,894,194	$-10,825
2023	$778,216	$884,316	$1,875,569	$-106,100
2022	$788,417	$870,542	$2,003,477	$-82,125
2021	$757,160	$824,127	$2,063,020	$-66,967
2020	$748,894	$820,699	$2,113,588	$-71,805
2019	$736,187	$1,015,017	$2,178,575	$-278,830