Holly Court Apartments Corporations (EIN 541721830) - 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

Legal Domicile

Phone

5403822002

Tax Period

2023-01-01 to 2023-12-31

HOLLY COURT APARTMENTS CORPORATIONS, founded in 1993, is a small nonprofit that reported $176K in total revenue in fiscal year 2018. Expenses of $230K exceeded revenue, resulting in a 31% 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 $36,569

Investment Income $-67,570

Other Revenue $0

TOTAL REVENUE $-31,001

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,333

Fundraising Expenses $0

Program Expenses $115,432

Other Expenses $106,099

TOTAL EXPENSES $115,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-31,001	$206,064	-1.2%
Expenses	$115,432	$226,626	-0.5%
Net Income	$-146,433	$-20,562	+6.1%

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
2023	$-31,001	$115,432	No data	$-146,433
2022	$206,064	$226,626	$1,432,875	$-20,562
2021	$192,029	$224,471	$1,429,599	$-32,442
2020	$185,260	$223,579	$1,470,013	$-38,319
2019	$188,888	$219,374	$1,477,456	$-30,486
2018	$175,512	$229,861	$1,549,621	$-54,349

Holly Court Apartments Corporations