CENTRAL MANOR APARTMENTS (EIN 591807340) - 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

1970

Legal Domicile

Principal Officer

DAVID SMITH

Phone

3866817657

Tax Period

2024-01-01 to 2024-12-31

CENTRAL MANOR APARTMENTS, founded in 1970, is a mid-sized nonprofit that reported $21.8M in total revenue in fiscal year 2024. Revenue surged 1242% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.1M, a strong 92% operating margin.

Mission

SECTION 8 HOUSING AND URBAN DEVELOPMENT PROJECT

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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 $1,276,753

Program Service Revenue $599,190

Investment Income $19,939,563

Other Revenue $2,863

TOTAL REVENUE $21,818,369

Expense Breakdown

Grants Paid $0

Salaries & Benefits $311,794

Fundraising Expenses $0

Program Expenses $1,664,728

Other Expenses $1,402,605

TOTAL EXPENSES $1,714,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,818,369	$1,625,262	+12.4%
Expenses	$1,714,399	$1,832,431	-0.1%
Net Income	$20,103,970	$-207,169	-98.0%

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
RAWDON L GALLMAN III	VICE PRESIDE	1.00	Director	$0	$0	$0
MARTIN PETTY	SECRETARY	1.00	Director	$0	$0	$0
JAMES SCOTT	TREASURER	1.00	Director	$0	$0	$0
DAVID SMITH	PRESIDENT	1.00	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	$21,818,369	$1,714,399	$19,068,790	$20,103,970
2023	$1,625,262	$1,832,431	$2,731,994	$-207,169
2022	$1,592,071	$1,563,865	$3,048,443	$28,206
2021	$1,560,939	$1,495,096	$3,119,928	$65,843
2020	$1,527,239	$1,476,801	$3,157,436	$50,438
2019	$1,481,913	$1,564,599	$3,215,309	$-82,686
2018	$1,469,517	$1,654,168	$3,511,096	$-184,651

CENTRAL MANOR APARTMENTS