DOWLING PARK APARTMENTS INC (EIN 591836597) - 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

1978

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

DOWLING PARK APARTMENTS INC, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE 100 LOW COST HOUSING UNITS FOR SENIOR CITIZENS UNDER SEC 202 OF THE NATIONAL HOUSING ACT. ADDITIONALLY, THE FACILITY PARTICIPATES IN HUDS CONGREGATE HOUSING SERVICE PROGRAM TO PROVIDE SERVICES SUCH AS: MEALS, PERSONAL ASSISTANCE, AND HOUSEKEEPING TO RESIDENTS.

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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 $0

Program Service Revenue $1,264,976

Investment Income $0

Other Revenue $7,938

TOTAL REVENUE $1,272,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,876

Fundraising Expenses $0

Program Expenses $1,150,980

Other Expenses $1,201,994

TOTAL EXPENSES $1,273,870

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,272,914	$1,160,800	+0.1%
Expenses	$1,273,870	$1,155,170	+0.1%
Net Income	$-956	$5,630	-1.2%

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

Volunteers

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

$195,737

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG CARTER	PRESIDENTCEO	5.00	Officer	$0	$32,978	$195,737
JOHN FENLASON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROLLY CHAMBERS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KERRY BUSH	BOARD MEMBER	1.00	Director	$0	$0	$0
DON CHURCHILL	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DWIGHT DEAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RONNIE POOLE	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE ROSS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHERYL WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR LAWRENCE	BOARD MEMBER	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
2025	$1,272,914	$1,273,870	$1,722,721	$-956
2024	No data	No data	No data	No data
2023	$1,132,078	$1,086,991	$1,495,242	$45,087
2022	$1,055,284	$1,078,411	$1,655,562	$-23,127
2021	$1,048,224	$1,040,621	$1,654,858	$7,603
2021	$1,048,224	$1,040,621	$1,654,858	$7,603
2020	$1,036,173	$985,889	$1,766,289	$50,284
2019	$1,050,936	$1,045,169	$2,082,062	$5,767
2018	$1,048,828	$1,134,139	$2,196,809	$-85,311

DOWLING PARK APARTMENTS INC