CADY-LEE PROPERTIES INC (EIN 470913342) - 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

2002

Legal Domicile

Principal Officer

NEIL SUMILAS

Phone

2022073333

Tax Period

2023-07-01 to 2024-06-30

CADY-LEE PROPERTIES INC, founded in 2002, is a small nonprofit that reported $145K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $190K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE AFFORDABLE OFFICE SPACE TO COMMUNITY ORGANIZATIONS AND GIVE THESE ORGANIZATIONS A LONG-TERM AND SECURE HOME FOR THEIR SERVICES AND PROGRAMS.

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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 $144,000

Investment Income $1,440

Other Revenue $0

TOTAL REVENUE $145,440

Expense Breakdown

Grants Paid $144,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $45,976

TOTAL EXPENSES $189,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$145,440	$291,606	-0.5%
Expenses	$189,976	$291,606	-0.3%
Net Income	$-44,536	$0	N/A

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

$394,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE GOONAN	BOARD CHAIR	0.50	Director	$0	$0	$0
STEVE FLEISCHMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
NEIL SUMILAS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$1,380	$138,705
MISHAELA DURAN	PRESIDENT AND CEO	0.50	Officer	$0	$7,657	$256,082

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	$145,440	$189,976	$1,267,223	$-44,536
2023	$291,606	$291,606	$1,216,981	No data
2022	$290,827	$290,827	$1,289,840	No data
2021	$290,833	$290,833	$1,266,539	No data
2020	$290,393	$290,393	$1,313,507	No data
2019	$290,935	$290,935	$1,248,824	No data
2018	$366,108	$228,869	$2,033,337	$137,239

CADY-LEE PROPERTIES INC