CANAL APARTMENTS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

1998

Legal Domicile

Principal Officer

JOYCE BRAUDE

Phone

8437573900

Tax Period

2025-01-01 to 2025-12-31

CANAL APARTMENTS INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $231K in total revenue in fiscal year 2025. Expenses of $269K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE SUBSIDIZED HOUSING FOR TENANTS, GIVING PREFERENCE TO THOSE WITH MENTAL ILLNESS.

Program Service Accomplishments

Program 1

Expenses: $261,571 Revenue: $230,610

TO PROVIDE SUBSIDIZED HOUSING FOR TENANTS, GIVING PREFERENCE TO THOSE WITH MENTAL ILLNESS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $230,610

Investment Income $658

Other Revenue $0

TOTAL REVENUE $231,268

Expense Breakdown

Grants Paid $137,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $261,571

Other Expenses $131,371

TOTAL EXPENSES $268,871

Year-over-Year Comparison

	2025	2024	Change
Revenue	$231,268	$227,734	+0.0%
Expenses	$268,871	$258,854	+0.0%
Net Income	$-37,603	$-31,120	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE BRAUDE	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
JESSICA BENDER	SECRETARY/DIRECTOR	2.00	Officer Director	$0	$0	$0
GEORGE WILLIAMS	VICE PRESIDENT/TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
KATHI WILLIAMS	RESIGNED '25	0.00	Officer Director	$0	$0	$0
SUSAN WILLIAMS	RESIGNED '25	0.00	Officer Director	$0	$0	$0

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	$231,268	$268,871	$258,488	$-37,603
2024	No data	No data	No data	No data
2023	$214,451	$304,405	$318,461	$-89,954
2022	$213,482	$314,166	$408,415	$-100,684
2021	$173,838	$168,996	$509,099	$4,842
2020	$147,759	$160,447	$504,257	$-12,688
2019	$90,760	$144,349	$516,945	$-53,589
2018	$85,924	$137,503	$574,891	$-51,579