Giles Community Apartments Corporation (EIN 541668603) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Phone

5403822002

Tax Period

2023-01-01 to 2023-12-31

GILES COMMUNITY APARTMENTS CORPORATION, founded in 1993, is a small nonprofit that reported $153K in total revenue in fiscal year 2018. Expenses of $209K exceeded revenue, resulting in a 36% operating deficit.

Mission

LOW INCOME HOUSING

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $178,742

Investment Income $191

Other Revenue $0

TOTAL REVENUE $178,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,816

Fundraising Expenses $0

Program Expenses $173,044

Other Expenses $157,298

TOTAL EXPENSES $233,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,933	$166,185	+0.1%
Expenses	$233,114	$221,358	+0.1%
Net Income	$-54,181	$-55,173	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

$2,090,149

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chair	1.0	Director	$0	$0	$0
N/A	Past Chair	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Chair	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	COO	1.0	Officer	$0	$38,072	$389,069
N/A	CEO	1.0	Officer	$0	$61,078	$853,572
N/A	President	1.0	Officer	$0	$57,714	$512,838
N/A	EVP/CFO	1.0	Officer	$0	$57,469	$334,670

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	$178,933	$233,114	$623,728	$-54,181
2022	$166,185	$221,358	$663,104	$-55,173
2021	$160,489	$190,581	$697,412	$-30,092
2020	$152,283	$207,683	$731,987	$-55,400
2019	$155,775	$207,998	$776,758	$-52,223
2018	$153,196	$208,654	$873,270	$-55,458

Giles Community Apartments Corporation