TOWN CENTER APARTMENTS INC CO AEW CAPITAL MANAGEMENT LP

EIN: 412091256 Community Improvement

BOSTON, MA

Total Revenue
$8,737,083
Total Expenses
$4,209,939
Total Assets
$59,085,127
Net Assets
$19,806,851
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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
2003
Legal Domicile
DE
Phone
6172619000
Tax Period
2024-07-01 to 2025-06-30

TOWN CENTER APARTMENTS INC CO AEW CAPITAL MANAGEMENT LP, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $8.7M in total revenue in fiscal year 2024. The organization ran a surplus of $4.5M, a strong 52% operating margin.

Mission

HOLD TITLE TO REAL ESTATE INVESTMENTS OF A PUBLIC EMPLOYEE RETIREMENT PLAN.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,378,375
Investment Income $11,004
Other Revenue $347,704
TOTAL REVENUE $8,737,083

Expense Breakdown

Grants Paid $0
Salaries & Benefits $681,508
Fundraising Expenses $0
Program Expenses $0
Other Expenses $3,528,431
TOTAL EXPENSES $4,209,939

Year-over-Year Comparison

2024 2023 Change
Revenue $8,737,083 $8,169,780 +0.1%
Expenses $4,209,939 $4,374,023 0.0%
Net Income $4,527,144 $3,795,757 +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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
13

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
13
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNIE CHAO VICE PRESIDENT, TREASURER, CFO, & DIRECTOR 0.0
Officer Director
$0 $0 $0
BRYAN FUJITA PRESIDENT & DIRECTOR 0.0
Officer Director
$0 $0 $0
CLAIRE SU KYUNG MAGALLANES NO VICE PRESIDENT, SECRETARY & DIRECTOR 0.0
Officer Director
$0 $0 $0
CARRIE A BELLERBY VICE PRESIDENT 0.0
Officer
$0 $0 $0
JONATHAN E MARTIN VICE PRESIDENT 0.0
Officer
$0 $0 $0
LAUREN O'NEIL VICE PRESIDENT 0.0
Officer
$0 $0 $0
MARK A MORRISON VICE PRESIDENT 0.0
Officer
$0 $0 $0
MICHAEL P BYRNE VICE PRESIDENT 0.0
Officer
$0 $0 $0
NEAL K SHARMA VICE PRESIDENT & ASSISTANT SECRETARY 0.0
Officer
$0 $0 $0
SARA A CASSIDY VICE PRESIDENT 0.0
Officer
$0 $0 $0
SETH E BERGER VICE PRESIDENT & ASSISTANT TREASURER 0.0
Officer
$0 $0 $0
SHIRLEY MCCROHAN VICE PRESIDENT 0.0
Officer
$0 $0 $0
THOMAS E MULLAHEY VICE PRESIDENT 0.0
Officer
$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 $8,737,083 $4,209,939 $59,085,127 $4,527,144
2024 $8,169,780 $4,374,023 $57,502,872 $3,795,757
2023 $7,956,226 $4,296,596 $89,917,456 $3,659,630
2022 $7,900,572 $3,688,004 $89,126,403 $4,212,568
2021 $7,201,672 $4,201,996 $88,755,465 $2,999,676
2020 $6,846,343 $3,587,704 $88,117,081 $3,258,639
2019 $6,936,184 $3,585,035 $87,266,093 $3,351,149
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