FLORIDA CHRISTIAN APARTMENTS INC (EIN 591737422) - 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

1972

Legal Domicile

Principal Officer

AVERY GARNER

Phone

2056395125

Tax Period

2025-01-01 to 2025-12-31

FLORIDA CHRISTIAN APARTMENTS INC, founded in 1972, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2025.

Mission

PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,617,777

Investment Income $65,606

Other Revenue $0

TOTAL REVENUE $2,683,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,760

Fundraising Expenses $0

Program Expenses $2,715,997

Other Expenses $2,536,723

TOTAL EXPENSES $2,912,483

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,683,383	$2,551,518	+0.1%
Expenses	$2,912,483	$2,218,016	+0.3%
Net Income	$-229,100	$333,502	-1.7%

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
AVERY GARNER	PRESIDENT	N/A	Officer	$0	$0	$0
GAYLE REID	TREASURER	N/A	Officer	$0	$0	$0
TINA CHRISTIAN	SECRETARY	N/A	Officer	$0	$0	$0
JON JESSUP	DIRECTOR	N/A	Director	$0	$0	$0
MARILYN MASTIN	DIRECTOR	N/A	Director	$0	$0	$0
SHAREL PSOINOS	DIRECTOR	N/A	Director	$0	$0	$0
KIM PALMER	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET DEES	DIRECTOR	N/A	Director	$0	$0	$0
TONY CARIBALTES	VICE PRESIDE	N/A	Officer	$0	$0	$0
EDDY LITCHFIELD	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
2025	$2,683,383	$2,912,483	$6,326,093	$-229,100
2024	$2,551,518	$2,218,016	$6,392,403	$333,502
2023	$2,360,617	$2,406,431	$6,203,103	$-45,814
2022	$2,288,180	$1,978,581	$6,350,065	$309,599
2021	$2,230,850	$1,948,427	$5,909,252	$282,423
2020	$2,217,192	$1,820,474	$5,361,776	$396,718
2019	$2,098,280	$1,741,433	$5,548,616	$356,847
2018	$1,875,709	$1,786,599	$4,786,257	$89,110

FLORIDA CHRISTIAN APARTMENTS INC