ARMENIA-EDDY APARTMENTS INC

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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

1998

Legal Domicile

Principal Officer

STEVEN WELCH

Phone

8132398270

Tax Period

2025-01-01 to 2025-12-31

ARMENIA-EDDY APARTMENTS INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $189K in total revenue in fiscal year 2025. Expenses of $182K left a modest 4% surplus.

Mission

THE PROJECT PROVIDES HOUSING TO LOW-INCOME INDIVIDUALS WITH DISABILITIES. THIS QUALIFIES THE PROPERTY TO RECEIVE SECTION 8 BENEFITS IN ACCORDANCE WITH REGULATIONS OF THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1

Expenses: $150,245 Revenue: $68,810

SECTION 811 SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES. THIS PROGRAM IS FUNDED BY HUD AND IS INTENDED TO SUBSIDIZE THE RENT CHARGED TO ALL TENANTS WHO QUALIFY DUE TO THEIR LOW INCOME STATUS.

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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 $118,943

Program Service Revenue $68,810

Investment Income $1,682

Other Revenue $0

TOTAL REVENUE $189,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,755

Fundraising Expenses $0

Program Expenses $150,245

Other Expenses $144,766

TOTAL EXPENSES $181,521

Year-over-Year Comparison

	2025	2024	Change
Revenue	$189,435	$187,807	+0.0%
Expenses	$181,521	$201,517	-0.1%
Net Income	$7,914	$-13,710	-1.6%

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

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

$1,153,608

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BOSSON	VICE CHAIR	1.00	Director	$0	$0	$0
DAVID TARABOCCHIA	SECRETARY/TREASURER	1.00	Director	$0	$0	$0
EDI ERB	CHAIR	1.00	Director	$0	$0	$0
CAROLYN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JASON SUMERAU	DIRECTOR	1.00	Director	$0	$0	$0
PATTY FUENTES	DIRECTOR	1.00	Director	$0	$0	$0
ROAYA TYSON	CEO	1.00	Officer	$0	$45,532	$559,206
STEVEN WELCH	CFO	1.00	Officer	$0	$38,231	$468,375
SUSAN MORGAN	CHIEF DEVELOPMENT AND COMM	1.00	Officer	$0	$33,038	$126,027

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	$189,435	$181,521	$666,866	$7,914
2024	$187,807	$201,517	$647,437	$-13,710
2023	$182,066	$185,321	$650,210	$-3,255
2022	$167,173	$201,956	$658,772	$-34,783
2021	$168,429	$197,621	$665,452	$-29,192
2020	$177,396	$191,781	$682,617	$-14,385
2019	$169,672	$197,434	$709,578	$-27,762
2018	$165,855	$196,401	$727,746	$-30,546