LAUREL CREEK APARTMENTS INC (EIN 621874761) - 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

2003

Legal Domicile

Principal Officer

MYRA WALKER

Phone

9314324111

Tax Period

2024-01-01 to 2024-12-31

LAUREL CREEK APARTMENTS INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $150K in total revenue in fiscal year 2024. Expenses of $179K exceeded revenue, resulting in a 19% operating deficit.

Mission

THIS PROJECT HAS A COMMITMENT TO SERVE THE ELDERLY THROUGH AFFORDABLE HOUSING AND MAKE EVERY EFFORT TO PROVIDE AN ENVIRONMENT CONDUCIVE TO THE WELL BEING OF THE INDIVIDUAL.

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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 $66,947

Program Service Revenue $80,959

Investment Income $7

Other Revenue $2,459

TOTAL REVENUE $150,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,075

Other Expenses $179,218

TOTAL EXPENSES $179,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,372	$141,124	+0.1%
Expenses	$179,218	$179,607	0.0%
Net Income	$-28,846	$-38,483	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLLY WILLIAMS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARIE FERRAN	SECRETARY/TREASURER	1.00	Officer 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	No data	No data	No data	No data
2024	$150,372	$179,218	$848,144	$-28,846
2023	$141,124	$179,607	$862,559	$-38,483
2022	$132,068	$157,607	$893,827	$-25,539
2021	$120,816	$166,026	$922,037	$-45,210
2020	$116,423	$158,401	$975,132	$-41,978
2019	$113,958	$136,575	$1,011,238	$-22,617
2018	$98,964	$146,792	$1,029,840	$-47,828

LAUREL CREEK APARTMENTS INC