CUMBERLAND LANDING CARES

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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

1981

Legal Domicile

Principal Officer

MYRON JOHNSON

Phone

6154955208

Tax Period

2023-01-01 to 2023-12-31

Mission

ORGANIZED AS A NOT-FOR-PROFIT ORGANIZATION TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 150 UNITS UNDER SECTION 8 AND 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

Program Service Accomplishments

Program 1

CUMBERLAND VIEW TOWERS, INC. IS ORGANIZED AS A NOT-FOR-PROFIT TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 150 UNITS UNDER SECTION 8 AND 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE...

CUMBERLAND VIEW TOWERS, INC. IS ORGANIZED AS A NOT-FOR-PROFIT TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 150 UNITS UNDER SECTION 8 AND 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$1,029,588	-1.0%
Expenses	N/A	$1,357,508	-1.0%
Net Income	N/A	$-327,920	N/A

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

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
MYRON JOHNSON	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JIM CHEEKS	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
SILKE HUBBARD	SECRETARY	N/A	Officer Director	$0	$0	$0
GEORGE CRUMLEY	DIRECTOR	N/A	Director	$0	$0	$0
BETTE FIELDS	DIRECTOR	N/A	Director	$0	$0	$0
DESIREE GOFF	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN PARRICK	DIRECTOR	N/A	Director	$0	$0	$0
JULIE VEGA	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2023	No data	No data	$10,830,584	No data
2022	$1,029,588	$1,357,508	$366,881	$-327,920
2021	$1,473,705	$1,173,817	$4,030,906	$299,888
2020	$1,499,370	$1,215,164	$3,814,401	$284,206
2019	$1,374,747	$1,225,706	$3,625,743	$149,041
2018	$1,558,602	$1,272,468	$3,513,843	$286,134