CHARLES CREST II CORPORATION (EIN 341714407) - Form 990 Financial Analysis & Trantor Score

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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

2023-01-01 to 2023-12-31

CHARLES CREST II CORPORATION, founded in 1992, is a small nonprofit in the Unknown sector that reported $498K in total revenue in fiscal year 2023. Net assets of $1.2M represent 28 months of operating reserves.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $288,224

Program Service Revenue $194,058

Investment Income $7,965

Other Revenue $7,514

TOTAL REVENUE $497,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $498,586

Other Expenses $514,583

TOTAL EXPENSES $514,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$497,761	$499,935	0.0%
Expenses	$514,583	$522,123	0.0%
Net Income	$-16,822	$-22,188	-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

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

$1,209,333

Total Directors

$1,021,617

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANYEKA WALLACE	DIRECTOR	1.00	Director	$0	$20,295	$159,003
BOBBY ARTIS	DIRECTOR	1.00	Director	$0	$34,463	$138,421
ELAINE WILLIAMS	DIRECTOR	1.00	Director	$0	$10,851	$79,556
JAMES ALEXANDER	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$10,383	$205,601
JOSEPH ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
SELENA FREEMAN	DIRECTOR	1.00	Director	$0	$23,335	$127,574
TERRY STEIDEN	DIRECTOR	1.00	Director	$0	$10,817	$78,913
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
KASSIDI BOENING	VICE PRESIDENT	1.00	Officer	$0	$28,632	$172,676
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519

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	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

CHARLES CREST II CORPORATION