SEWARD TOWERS CORPORATION (EIN 411675502) - 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

DIANN ANDERS

Phone

6124350275

Tax Period

2024-01-01 to 2024-12-31

SEWARD TOWERS CORPORATION, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 93% operating margin.

Mission

SEWARD TOWERS CORPORATION WAS FORMED TO PRESERVE 640 UNITS OF AFFORDABLE HOUSING.

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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 $1,229,077

Investment Income $373,959

Other Revenue $300

TOTAL REVENUE $1,603,336

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $109,668

TOTAL EXPENSES $109,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,603,336	$4,717,188	-0.7%
Expenses	$109,668	$21,354	+4.1%
Net Income	$1,493,668	$4,695,834	-0.7%

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
DIANN ANDERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK RUFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SHELDON MAINS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MELODIE BRIDGEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HOFFMAN-DACHELET	DIRECTOR	1.00	Director	$0	$0	$0
NANCY CARDINAL	DIRECTOR	1.00	Director	$0	$0	$0
TARIKU BELAY	DIRECTOR	1.00	Director	$0	$0	$0
MAHAD DISH	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMED OMAR	DIRECTOR	1.00	Director	$0	$0	$0
RON SCHLATTER	DIRECTOR	1.00	Director	$0	$0	$0
HEKMA DIMITRIS	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	$1,603,336	$109,668	$35,236,438	$1,493,668
2023	$4,717,188	$21,354	$33,571,001	$4,695,834
2022	$93,055	$16,119	$28,656,103	$76,936
2021	$441,908	$7,249	$29,075,435	$434,659
2020	$490,898	$6,646	$28,639,178	$484,252
2019	$408,080	$158,119	$28,232,026	$249,961
2018	$912	$15,104	$27,904,965	$-14,192

SEWARD TOWERS CORPORATION