BANYAN CLUB APARTMENTS HOLDING CORP (EIN 463995603) - 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

CAROL JONES-GILBERT

Phone

5616842160

Tax Period

2023-01-01 to 2023-12-31

BANYAN CLUB APARTMENTS HOLDING CORP, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.3M left a modest 11% surplus.

Mission

ACQUIRING, OWNING, HOLDING, MAINTAINING, AND OPERATING THE BANYAN CLUB APARTMENTS

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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 $1,411,699

Investment Income $13,530

Other Revenue $3,552

TOTAL REVENUE $1,428,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,352

Fundraising Expenses $0

Program Expenses $1,173,223

Other Expenses $1,062,828

TOTAL EXPENSES $1,269,180

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,428,781	$1,449,969	0.0%
Expenses	$1,269,180	$1,329,716	0.0%
Net Income	$159,601	$120,253	+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

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

$284,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHYLLIS CHOY	BOARD CHAIR	0.10	Officer Director	$0	$0	$0
DIGNA MEJIA	VICE CHAIR	0.10	Officer Director	$0	$0	$0
PAUL DUMARS	DIRECTOR	0.10	Director	$0	$0	$0
CAROL JONES-GILBERT	CEO	0.10	Officer	$0	$67,673	$284,147

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	No data	No data	No data	No data
2023	$1,428,781	$1,269,180	$3,939,589	$159,601
2022	$1,449,969	$1,329,716	$3,946,015	$120,253
2021	$1,433,615	$1,376,803	$3,987,080	$56,812
2020	$1,449,809	$1,279,715	$3,992,636	$170,094
2019	$1,695,471	$1,314,536	$3,930,845	$380,935
2018	$1,352,028	$1,184,000	$3,678,613	$168,028

BANYAN CLUB APARTMENTS HOLDING CORP