PACKER APARTMENTS CORPORATION (EIN 391043627) - 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

1966

Legal Domicile

Principal Officer

CARMEN PORCO

Phone

4143527120

Tax Period

2024-10-01 to 2025-09-30

PACKER APARTMENTS CORPORATION, founded in 1966, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. The organization ran a surplus of $405K, a strong 19% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING, SOCIAL SERVICES, AND TRAINING PROGRAMS TO LOW INCOME FAMILIES.

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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 $2,164,098

Investment Income $0

Other Revenue $1,555

TOTAL REVENUE $2,165,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,424

Fundraising Expenses $0

Program Expenses $1,626,905

Other Expenses $1,126,357

TOTAL EXPENSES $1,760,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,165,653	$2,011,486	+0.1%
Expenses	$1,760,781	$1,694,661	+0.0%
Net Income	$404,872	$316,825	+0.3%

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
REV JOHN WALTON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV MARCUS ALLEN	DIRECTOR	1.00	Director	$0	$0	$0
REV MARK CLINGER	DIRECTOR	1.00	Director	$0	$0	$0
REV WALTER LANIER	DIRECTOR	1.00	Director	$0	$0	$0
BILL HAUSLER	TREASURER	1.00	Officer Director	$0	$0	$0
REV CARMEN PORCO	SECRETARY	1.00	Officer Director	$0	$0	$0
DR GLORIA V HAWKINS	DIRECTOR	1.00	Director	$0	$0	$0
REV ARCHIE L IVY	PRESIDENT	1.00	Officer Director	$0	$0	$0
GLORIA LADSON-BILLINGS	DIRECTOR	1.00	Director	$0	$0	$0
KARL BYLEEN	DIRECTOR	1.00	Director	$0	$0	$0
MS BARBARA JILL THOMAS	DIRECTOR	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	$2,165,653	$1,760,781	$6,176,285	$404,872
2024	$2,011,486	$1,694,661	$5,550,359	$316,825
2023	$1,932,564	$1,576,848	$4,949,050	$355,716
2022	$1,808,505	$1,510,910	$4,410,300	$297,595
2021	$1,818,294	$1,536,053	$4,125,524	$282,241
2020	$1,801,750	$1,681,187	$3,915,238	$120,563
2019	$1,748,136	$1,722,028	$3,754,147	$26,108
2018	$1,746,966	$1,647,870	$3,709,318	$99,096

PACKER APARTMENTS CORPORATION