THE SHELBOURNE APARTMENTS BUILDING (EIN 650457251) - 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

1993

Legal Domicile

Principal Officer

CRISTIAN ARANGO II

Phone

3055380090

Tax Period

2023-10-01 to 2024-09-30

THE SHELBOURNE APARTMENTS BUILDING, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $158K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $377K exceeded revenue, resulting in a 140% operating deficit.

Mission

THE SHELBOURNE APARTMENT BUILDING INC IS A NONPROFIT ORGANIZATION INCORPORATED UNDER THE LAWS AND STATUTES OF THE STATE OF FLORIDA FOR THE PURPOSE OF PROVIDE DISABLED PERSONS WITH HOUSING FACILITIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $48,043

Program Service Revenue $0

Investment Income $793

Other Revenue $108,774

TOTAL REVENUE $157,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,225

Fundraising Expenses $0

Program Expenses $375,970

Other Expenses $345,273

TOTAL EXPENSES $377,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,610	$130,535	+0.2%
Expenses	$377,498	$125,008	+2.0%
Net Income	$-219,888	$5,527	-40.8%

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
JUANITA FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND PEREIRA	TREASURER	2.00	Director	$0	$0	$0
JEREMY SHIR	DIRECTOR	2.00	Director	$0	$0	$0
MARIA BARRIOS	DIRECTOR	2.00	Director	$0	$0	$0
CICELY HODGES	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HAMMON	CHAIRMAN	2.00	Officer	$0	$0	$0
WILL WISEHEART	SECRETARY	2.00	Officer	$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	$157,610	$377,498	$552,368	$-219,888
2023	$130,535	$125,008	$684,924	$5,527
2022	$154,286	$150,627	$611,424	$3,659
2021	$168,916	$175,543	$577,773	$-6,627
2020	$179,534	$351,404	$616,798	$-171,870
2019	$234,336	$221,825	$800,770	$12,511
2018	$212,230	$304,740	$732,098	$-92,510

THE SHELBOURNE APARTMENTS BUILDING