ST FRANCIS APARTMENTS INC (EIN 454164490) - 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

2011

Legal Domicile

Principal Officer

SCOTT GRAFF

Phone

2077736471

Tax Period

2023-07-01 to 2024-06-30

ST FRANCIS APARTMENTS INC, founded in 2011, is a small nonprofit that reported $337K in total revenue in fiscal year 2023. Expenses of $449K exceeded revenue, resulting in a 33% operating deficit.

Mission

TO MANAGE A 40 UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY AND DISABLED TENANTS.

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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 $126,920

Program Service Revenue $194,799

Investment Income $15,687

Other Revenue $0

TOTAL REVENUE $337,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $353,125

Other Expenses $449,458

TOTAL EXPENSES $449,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,406	$322,380	+0.0%
Expenses	$449,458	$483,384	-0.1%
Net Income	$-112,052	$-161,004	-0.3%

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

$94,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANINE DEROSBY	CHAIRPERSON	5.00	Director	$0	$0	$0
SUSAN LAGASSE	SECRETARY	5.00	Director	$0	$0	$0
ANNE BOULETTE	TREASURER	5.00	Director	$0	$0	$0
HELEN LOU PARNELL	TREASURER	5.00	Director	$0	$0	$0
MICHAEL GIROUX	DIRECTOR	5.00	Director	$0	$0	$0
BRUCE HALL	DIRECTOR	5.00	Director	$0	$0	$0
FR DAN BAILLAGEON	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL PEASE	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$94,254

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	No data	No data	No data	No data
2024	$337,406	$449,458	$5,355,314	$-112,052
2023	$322,380	$483,384	$5,438,780	$-161,004
2022	$327,211	$436,119	$5,559,038	$-108,908
2021	$324,501	$399,115	$5,671,738	$-74,614
2020	$318,827	$419,054	$5,745,157	$-100,227
2019	$319,371	$431,523	$5,892,444	$-112,152

ST FRANCIS APARTMENTS INC