THE ASSOCIATION'S FOURTH PROPERTY INC (EIN 454719277) - 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

2012

Legal Domicile

Principal Officer

ANDREW CAIRES

Phone

4135851300

Tax Period

2024-07-01 to 2025-06-30

THE ASSOCIATION'S FOURTH PROPERTY INC, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $76K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME ADULTS WITH DISABILITIES.

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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 $37,842

Program Service Revenue $25,583

Investment Income $23

Other Revenue $0

TOTAL REVENUE $63,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,786

Other Expenses $76,201

TOTAL EXPENSES $76,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,448	$43,839	+0.4%
Expenses	$76,201	$78,307	0.0%
Net Income	$-12,753	$-34,468	-0.6%

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

$432,597

Total Directors

$432,597

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUNO CALOURO	PRESIDENT (AS OF 2/25)	1.00	Officer Director	$0	$27,185	$273,160
ANDREW CAIRES	TREASURER/CLERK	1.00	Officer Director	$0	$30,818	$159,437
JOHN ROBERSON	PRESIDENT (UNTIL 1/25)	1.00	Officer Director	$0	$0	$0
DENISE COGMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRIDGET HALEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MORIARTY	DIRECTOR	1.00	Director	$0	$0	$0
KELLY PIGNATARE	DIRECTOR (UNTIL 1/25)	1.00	Director	$0	$0	$0
GLENN WELCH	DIRECTOR (UNTIL 1/25)	1.00	Director	$0	$0	$0
MARK GERMAIN	DIRECTOR (UNTIL 1/25)	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
2025	$63,448	$76,201	$671,905	$-12,753
2024	$43,839	$78,307	$691,406	$-34,468
2023	$45,026	$73,387	$732,129	$-28,361
2022	$44,811	$72,244	$763,035	$-27,433
2021	$45,024	$73,851	$783,933	$-28,827
2020	$45,043	$80,069	$812,610	$-35,026
2019	$43,954	$67,722	$838,539	$-23,768
2018	$44,870	$70,192	$864,132	$-25,322

THE ASSOCIATION'S FOURTH PROPERTY INC