CALVARY APARTMENTS INC (EIN 391485047) - 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

1998

Legal Domicile

Principal Officer

LAFAYETTE MCKINNEY

Tax Period

2023-01-01 to 2023-12-31

CALVARY APARTMENTS INC, founded in 1998, is a small nonprofit that reported $424K in total revenue in fiscal year 2023. The organization ran a surplus of $93K, a strong 22% operating margin.

Mission

HOUSING TO THE ELDERLY AND HANDICAPED

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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 $321,685

Program Service Revenue $102,334

Investment Income $406

Other Revenue $0

TOTAL REVENUE $424,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $290,761

Other Expenses $331,579

TOTAL EXPENSES $331,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$424,425	$403,277	+0.1%
Expenses	$331,579	$325,588	+0.0%
Net Income	$92,846	$77,689	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAFAYETTE MCKINNEY	PRESIDENT	4.0	Officer Director	$0	$0	$0
GEORGE E GARY	DIRECTOR	1.0	Director	$0	$0	$0
JULIOUS J HULBERT	DIRECTOR	1.0	Director	$0	$0	$0
N LYNETTE MCNEELY	DIRECTOR	1.0	Director	$0	$0	$0
VANESSA A BROWN	DIRECTOR	1.0	Director	$0	$0	$0
CALVIN ALLEN	DIRECTOR	1.0	Director	$0	$0	$0
CURTIS L CRAIG	VICE PRESIDENT/TREASURER	4.0	Officer Director	$0	$0	$0
HENRY L ROBINSON	DIRECTOR	1.0	Director	$0	$0	$0
KENNETH BYNUM	SECRETARY	2.0	Officer Director	$0	$0	$0
WALTER BURKS	DIRECTOR	1.0	Director	$0	$0	$0
RONALD STINSON	DIRECTOR	1.0	Director	$0	$0	$0
TIMOTHY C SCOTT	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY PRINCE	DIRECTOR	1.0	Director	$0	$0	$0
SHEILA M SMITH	DIRECTOR	1.0	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
2024	No data	No data	No data	No data
2023	$424,425	$331,579	$1,466,115	$92,846
2022	$403,277	$325,588	$1,402,700	$77,689
2021	$395,677	$312,654	$1,359,455	$83,023
2020	$379,516	$346,125	$1,347,806	$33,391
2019	$342,396	$310,734	$1,306,698	$31,662
2018	$387,709	$334,546	$1,312,321	$53,163

CALVARY APARTMENTS INC