B'NAI B'RITH APARTMENTS OF DEERFIE… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

DENNIS RICE

Phone

9544265577

Tax Period

2024-07-01 to 2025-06-30

B'NAI B'RITH APARTMENTS OF DEERFIELD BEACH III INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 9% surplus.

Mission

LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED

Program Service Accomplishments

Program 1

Expenses: $1,065,074 Revenue: $292,346

OPERATION OF AN 88 UNIT APARTMENT COMPLEX FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $1,071,796

Program Service Revenue $292,346

Investment Income $2,405

Other Revenue $0

TOTAL REVENUE $1,366,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $281,220

Fundraising Expenses $0

Program Expenses $1,065,074

Other Expenses $964,433

TOTAL EXPENSES $1,245,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,366,547	$859,869	+0.6%
Expenses	$1,245,653	$1,145,584	+0.1%
Net Income	$120,894	$-285,715	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY BERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
ARLENE COHEN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KENNETH CUTLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR FREED	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT KNAPP	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DR ALLAN LAND	SECRETARY	1.00	Officer Director	$0	$0	$0
MINETTE LEVY	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS RICE	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN E ROSE	TREASURER	1.00	Officer Director	$0	$0	$0
ARTHUR YEVIN	BOARD MEMBER	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	$1,366,547	$1,245,653	$6,765,889	$120,894
2024	$859,869	$1,145,584	$6,854,345	$-285,715
2023	$837,363	$1,049,030	$6,919,283	$-211,667
2022	$747,366	$975,168	$7,127,621	$-227,802
2021	$699,241	$992,545	$7,395,655	$-293,304
2020	$627,324	$935,267	$7,653,014	$-307,943
2019	$612,181	$872,777	$7,952,344	$-260,596

B'NAI B'RITH APARTMENTS OF DEERFIELD BEACH III INC