ST LUCAS RIVERSIDE APARTMENTS INC C/O AHEPA MANAGEMENT (EIN 411425043) - 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

1990

Legal Domicile

Principal Officer

CHRISTOPHER MARKS

Phone

5073347848

Tax Period

2023-01-01 to 2023-12-31

ST LUCAS RIVERSIDE APARTMENTS INC C/O AHEPA MANAGEMENT, founded in 1990, is a small nonprofit that reported $311K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $277K left a modest 11% surplus.

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY

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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 $0

Program Service Revenue $289,057

Investment Income $14,555

Other Revenue $6,932

TOTAL REVENUE $310,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,449

Other Expenses $276,888

TOTAL EXPENSES $276,888

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,544	$272,644	+0.1%
Expenses	$276,888	$280,785	0.0%
Net Income	$33,656	$-8,141	-5.1%

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

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
CHRISTOPHER MARKS	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHELLE HERRAH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SHANINA DEENA MARKS	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
ROBBIE HYLAND	DIRECTOR	1.00	Director	$0	$0	$0
KERBY SKURAT	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
2024	No data	No data	No data	No data
2023	$310,544	$276,888	$1,682,996	$33,656
2022	$272,644	$280,785	$2,018,161	$-8,141
2021	$259,483	$269,489	$1,769,275	$-10,006
2020	$250,382	$225,467	$265,751	$24,915
2019	$254,599	$265,286	$310,428	$-10,687
2018	$222,242	$266,269	$357,361	$-44,027

ST LUCAS RIVERSIDE APARTMENTS INC C/O AHEPA MANAGEMENT