Affordable Residences in Chesterfield (EIN 541864802) - 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 Hoveramle

Phone

8046440546

Tax Period

2024-01-01 to 2024-12-31

Affordable Residences in Chesterfield (Rockwood Village Apartments), founded in 1997, is a small nonprofit that reported $448K in total revenue in fiscal year 2018. Expenses of $508K exceeded revenue, resulting in a 13% operating deficit.

Mission

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 $590,321

Investment Income $4,736

Other Revenue $0

TOTAL REVENUE $595,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,983

Fundraising Expenses $0

Program Expenses $635,426

Other Expenses $572,443

TOTAL EXPENSES $635,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$595,057	$583,183	+0.0%
Expenses	$635,426	$636,068	0.0%
Net Income	$-40,369	$-52,885	-0.2%

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	40.00	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	$595,057	$635,426	$2,807,789	$-40,369
2023	$583,183	$636,068	$2,856,346	$-52,885
2022	$561,954	$602,394	$3,025,815	$-40,440
2021	$543,985	$580,109	$2,930,818	$-36,124
2020	$504,785	$615,081	$2,983,108	$-110,296
2019	$469,545	$631,584	$3,081,134	$-162,039
2018	$448,101	$508,426	$3,252,959	$-60,325

Affordable Residences in Chesterfield