CALVARY DEVELOPMENT APARTMENTS INC (EIN 391784362) - 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

1986

Legal Domicile

Principal Officer

VANESSA BROWN

Phone

4143721473

Tax Period

2024-01-01 to 2024-12-31

CALVARY DEVELOPMENT APARTMENTS INC, founded in 1986, is a small nonprofit that reported $272K in total revenue in fiscal year 2024. Expenses of $313K exceeded revenue, resulting in a 15% operating deficit.

Mission

HOUSING TO THE ELDERLY AND HANDICAPPED

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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 $142,695

Program Service Revenue $129,059

Investment Income $34

Other Revenue $0

TOTAL REVENUE $271,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,179

Other Expenses $313,123

TOTAL EXPENSES $313,123

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,788	$273,396	0.0%
Expenses	$313,123	$322,354	0.0%
Net Income	$-41,335	$-48,958	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
LAFAYETTE MC KINNEY	PRESIDENT	Officer Director	$0	$0	$0
GEORGE GARY	DIRECTOR	Director	$0	$0	$0
JULIUS J HULBERT	DIRECTOR	Director	$0	$0	$0
N LYNNETTE MCNEELY	DIRECTOR	Director	$0	$0	$0
HENRY ROBINSON	DIRECTOR	Director	$0	$0	$0
CALVIN ALLEN	DIRECTOR	Director	$0	$0	$0
KENNETH BYNUM	SECRETARY	Officer Director	$0	$0	$0
VANESSA BROWN	DIRECTOR	Director	$0	$0	$0
CURTIS CRAIG	VP & TREASURER	Officer Director	$0	$0	$0
WALTER J BURK	DIRECTOR	Director	$0	$0	$0
TIMOTHY C SCOTT SR	DIRECTOR	Director	$0	$0	$0
GREGORY PRINCE	DIRECTOR	Director	$0	$0	$0
SHEILA M SMITH	DIRECTOR	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	$271,788	$313,123	$1,071,399	$-41,335
2023	$273,396	$322,354	$1,114,491	$-48,958
2022	$271,909	$303,290	$1,163,010	$-31,381
2021	$276,237	$300,419	$1,197,797	$-24,182
2020	$251,649	$287,477	$1,218,933	$-35,828
2019	$234,399	$439,647	$1,249,524	$-205,248
2018	$237,547	$277,850	$1,458,904	$-40,303

CALVARY DEVELOPMENT APARTMENTS INC