BOULEVARD APARTMENTS INC C/O BUCKELEW PROGRAMS

EIN: 550836023 501(c)(3) Housing & Shelter

NOVATO, CA

Total Revenue
$113,920
Total Expenses
$239,437
Total Assets
$1,954,256
Net Assets
$266,568
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
CA
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.

Program Service Accomplishments

Program 1
Expenses: $225,119 Revenue: $61,371

THE CORPORATION OPERATES AN APARTMENT COMPLEX CONSISTING OF 15 UNITS FOR LOW INCOME ELDERLY AND HANDICAPPED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT.

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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%)

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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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
4

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
$503,451
Total Directors
6
$503,451
Key Employees
0
$0
Highest Compensated
0
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
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