BANJO LANE APARTMENTS INC (EIN 611593415) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

TRACEY PATRICK

Phone

4107583050

Tax Period

2024-07-01 to 2025-06-30

BANJO LANE APARTMENTS INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $75K in total revenue in fiscal year 2024. Expenses of $111K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $34,709

Program Service Revenue $40,389

Investment Income $60

Other Revenue $2

TOTAL REVENUE $75,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,641

Other Expenses $110,808

TOTAL EXPENSES $110,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,160	$71,923	+0.0%
Expenses	$110,808	$106,572	+0.0%
Net Income	$-35,648	$-34,649	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$180,230

Total Directors

$180,230

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY PATRICK	SECRETARY	0.30	Officer Director	$0	$10,627	$53,280
MAURICE SALAMONE	PRESIDENT THRU DEC 2024	0.30	Officer Director	$0	$13,467	$56,055
BRIAN LAMBERT	PRESIDENT	0.30	Officer Director	$0	$10,560	$70,895
CINDI BOONE	DIRECTOR	0.30	Director	$0	$0	$0
LEA BROOKS	DIRECTOR	0.30	Director	$0	$0	$0
JA'KEIRA HOLLIDAY	DIRECTOR	0.30	Director	$0	$0	$0
DIANE LANE	DIRECTOR	0.30	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	$75,160	$110,808	$1,255,117	$-35,648
2024	$71,923	$106,572	$1,282,182	$-34,649
2023	$71,307	$104,471	$1,314,096	$-33,164
2022	$68,062	$111,744	$1,351,961	$-43,682
2021	$66,865	$97,687	$1,390,804	$-30,822
2020	$65,961	$99,693	$1,416,119	$-33,732
2019	$59,276	$87,321	$1,444,327	$-28,045
2018	$56,739	$87,767	$1,475,002	$-31,028

BANJO LANE APARTMENTS INC