PRIMROSE APARTMENTS INC (EIN 463510845) - 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

2013

Legal Domicile

Principal Officer

FRAN BILLEN

Phone

7243426222

Tax Period

2023-10-01 to 2024-09-30

PRIMROSE APARTMENTS INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $287K in total revenue in fiscal year 2023. Expenses of $450K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO OWN AND OPERATE LOW-INCOME ELDERLY 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $280,234

Investment Income $1,047

Other Revenue $5,984

TOTAL REVENUE $287,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,325

Fundraising Expenses $0

Program Expenses $372,217

Other Expenses $392,804

TOTAL EXPENSES $450,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,265	$267,893	+0.1%
Expenses	$450,129	$424,144	+0.1%
Net Income	$-162,864	$-156,251	+0.0%

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

$209,337

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN WINNER SED	VICE-PRESIDENT	0.10	Officer Director	$0	$0	$0
FRAN BILLEN	SECRETARY	0.10	Officer Director	$0	$0	$0
ALAN NATHAN	TREASURER	0.10	Officer Director	$0	$0	$0
SAM BELLICH	BOARD MEMBER	0.10	Director	$0	$0	$0
KRISTIN WAGNER	BOARD MEMBER	0.10	Director	$0	$0	$0
BRENDA WRIGHT	BOARD MEMBER	0.10	Director	$0	$0	$0
WILMA TORRES	CEO	0.10	Officer	$0	$18,725	$124,675
MICHELLE CLARKE	CFO	0.10	Officer	$0	$10,584	$84,662

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	$287,265	$450,129	$4,956,651	$-162,864
2023	$267,893	$424,144	$5,086,620	$-156,251
2022	$263,281	$408,286	$5,237,542	$-145,005
2021	$267,061	$378,438	$5,370,426	$-111,377
2020	$268,977	$434,810	$5,487,084	$-165,833

PRIMROSE APARTMENTS INC