BOULEVARD APARTMENTS INC C/O BUCKELEW PROGRAMS (EIN 550836023) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

CHRIS KUGHN

Phone

4154576964

Tax Period

2024-07-01 to 2025-06-30

BOULEVARD APARTMENTS INC C/O BUCKELEW PROGRAMS, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $114K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $239K exceeded revenue, resulting in a 110% operating deficit.

Mission

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH LOW INCOME HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 $60,535

Program Service Revenue $61,289

Investment Income $-7,986

Other Revenue $82

TOTAL REVENUE $113,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,175

Fundraising Expenses $0

Program Expenses $225,119

Other Expenses $209,262

TOTAL EXPENSES $239,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,920	$121,944	-0.1%
Expenses	$239,437	$237,240	+0.0%
Net Income	$-125,517	$-115,296	+0.1%

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

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

$503,451

Total Directors

$503,451

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN FROST	CFO	1.00	Officer Director	$0	$23,807	$203,893
SCOTT MACLISE	DIRECTOR	0.50	Director	$0	$0	$0
JACK SCOTT	DIRECTOR	0.50	Director	$0	$0	$0
ROWAN SMITH	DIRECTOR	0.50	Director	$0	$0	$0
ALEX TOLKACH	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS KUGHN	CEO/PRESIDENT	1.00	Officer Director	$0	$41,648	$299,558

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	$113,920	$239,437	$1,954,256	$-125,517
2024	No data	No data	No data	No data
2023	$125,392	$235,568	$2,125,109	$-110,176
2022	$125,525	$232,556	$2,203,742	$-107,031
2021	$121,402	$240,687	$2,273,091	$-119,285
2020	$123,794	$250,616	$2,387,625	$-126,822
2019	$125,251	$215,395	$2,452,339	$-90,144
2018	$121,515	$263,051	$2,512,300	$-141,536

BOULEVARD APARTMENTS INC C/O BUCKELEW PROGRAMS