AFFORDABLE RESIDENCES IN CHESTERFIELD II (EIN 541842960) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Julie Hovermale

Phone

8046440546

Tax Period

2024-01-01 to 2024-12-31

Affordable Residences in Chesterfield II (Winchester Greens Apartments), founded in 1997, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2018. Net assets of $10.6M represent 45 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,188,830

Investment Income $-137,364

Other Revenue $0

TOTAL REVENUE $3,051,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,007

Fundraising Expenses $0

Program Expenses $2,900,310

Other Expenses $2,765,303

TOTAL EXPENSES $2,900,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,051,466	$3,402,530	-0.1%
Expenses	$2,900,310	$2,946,524	0.0%
Net Income	$151,156	$456,006	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$644,474

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP A BROOKS	DIRECTOR	0.00	Director	$0	$0	$0
FREDA G BOLLING	DIRECTOR	0.00	Director	$0	$0	$0
REGINA CHANEY	DIRECTOR	0.00	Director	$0	$0	$0
TODD WALDO	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD DICKINSON	SECRETARY & TREASURER	0.00	Director	$0	$0	$0
MICHAEL SCHEWEL	PRESIDENT	0.00	Director	$0	$0	$0
R WHEATLEY MCDOWELL	VICE CHAIR	0.00	Director	$0	$0	$0
GRETA HARRIS	PRESIDENT & CEO	N/A	Officer	$0	$61,369	$416,862
JULIE HOVERMALE	VICE PRESIDENT & CFO	N/A	Officer	$0	$15,864	$227,612

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	$3,051,466	$2,900,310	$17,895,954	$151,156
2023	$3,402,530	$2,946,524	$17,653,754	$456,006
2022	$3,122,770	$2,807,197	$17,927,113	$315,573
2021	$3,109,773	$2,626,113	$17,808,599	$483,660
2020	$3,023,407	$3,097,334	$18,776,789	$-73,927
2019	$2,900,476	$3,653,609	$18,661,039	$-753,133
2018	$2,814,009	$2,739,491	$19,362,110	$74,518

AFFORDABLE RESIDENCES IN CHESTERFIELD II