CHARLES CREST II CORPORATION

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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

1992

Legal Domicile

Principal Officer

JAMES ALEXANDER

Phone

3038303300

Tax Period

2025-01-01 to 2025-12-31

CHARLES CREST II CORPORATION, founded in 1992, is a small nonprofit in the Unknown sector that reported $513K in total revenue in fiscal year 2025. Expenses of $620K exceeded revenue, resulting in a 21% operating deficit.

Mission

CHARLES CREST II CORPORATION, AN OHIO NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 50-UNIT APARTMENT COMMUNITY IN ROSSFORD, OHIO, KNOWN AS CHARLES CREST II, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

Program Service Accomplishments

Program 1

Expenses: $601,738 Revenue: $217,100

CHARLES CREST II CORPORATION WAS ORGANIZED ON JUNE 29, 1992 AS AN OHIO NON-STOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 50 UNITS LOCATED IN ROSSFORD, OHIO AND IS CURRENTLY OPERATING UNDER THE NAME OF CHARLES CREST II.

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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 (2025)

Revenue Breakdown

Contributions & Grants $288,418

Program Service Revenue $212,770

Investment Income $7,021

Other Revenue $4,330

TOTAL REVENUE $512,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $601,738

Other Expenses $619,646

TOTAL EXPENSES $619,646

Year-over-Year Comparison

	2025	2024	Change
Revenue	$512,539	$490,823	+0.0%
Expenses	$619,646	$557,007	+0.1%
Net Income	$-107,107	$-66,184	+0.6%

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

$1,035,443

Total Directors

$1,161,548

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANYEKA WALLACE	DIRECTOR	0.10	Director	$0	$23,377	$162,892
BOBBY ARTIS	DIRECTOR	0.10	Director	$0	$40,769	$160,534
ELAINE WILLIAMS	DIRECTOR	0.10	Director	$0	$15,525	$89,638
JAMES ALEXANDER	PRESIDENT/DIRECTOR	0.10	Officer Director	$0	$15,288	$272,883
JOE ROSENBLUM	SECRETARY/DIRECTOR	0.10	Officer Director	$0	$17,283	$254,958
SELENA FREEMAN	DIRECTOR	0.10	Director	$0	$28,560	$139,508
TERRY STEIDEN	DIRECTOR	0.10	Director	$0	$18,167	$81,135
CHAD PAYNE	TREASURER	0.10	Officer	$0	$10,849	$214,612
MELISSA CLAYTON	VICE PRESIDENT(OUTGOING)	0.10	Officer	$0	$8,724	$84,863
KASSIDI BOENING	VICE PRESIDENT	0.10	Officer	$0	$32,643	$208,127

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	$512,539	$619,646	$1,165,016	$-107,107
2024	No data	No data	No data	No data
2023	$497,761	$514,583	$1,305,837	$-16,822
2022	$499,935	$522,123	$1,300,713	$-22,188
2021	$473,103	$491,382	$1,325,343	$-18,279
2020	$483,141	$526,413	$1,338,552	$-43,272
2019	$446,376	$498,982	$1,390,490	$-52,606
2018	$432,658	$497,712	$1,426,556	$-65,054