CITY VIEW APARTMENTS INC (EIN 651072394) - 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

2000

Legal Domicile

Principal Officer

STEPHANIE BERMAN

Phone

3053718300

Tax Period

2023-01-01 to 2023-12-31

CITY VIEW APARTMENTS INC, founded in 2000, is a small nonprofit that reported $611K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $683K exceeded revenue, resulting in a 12% operating deficit.

Mission

OUR MISSION IS TO CONFRONT RESIDENTIAL INSTABILITY BY DEVELOPING AFFORDABLE HOUSING AND PROVIDING SUPPORTIVE SERVICES AS A PATHWAY TO SELF-SUFFICENCY.

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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 $22,329

Program Service Revenue $584,835

Investment Income $1,478

Other Revenue $2,079

TOTAL REVENUE $610,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $682,951

Other Expenses $682,951

TOTAL EXPENSES $682,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$610,721	$461,106	+0.3%
Expenses	$682,951	$812,849	-0.2%
Net Income	$-72,230	$-351,743	-0.8%

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

$419,311

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE BERMAN	PRESIDENT/ CEO	1.00	Officer	$0	$0	$232,972
PATRICIA TINCHER	VP FINANCE	1.00	Officer	$0	$0	$186,339
SALVATORE RUSSO	VP- PORPERTY MANAGEMENT	1.00	Highest	$0	$0	$140,246
SANDRA NEWSON	VP- PROGRAM SERVICES	1.00	Highest	$0	$0	$134,587
PAOLA ROMAN	VP- DEVELOPMENT	1.00	Highest	$0	$0	$131,357
STEPHEN DANNER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOSE VILA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CAETANO LOPES	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL FINE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHARLES FERGUSON	DIRECTOR	1.00	Director	$0	$0	$0
LINDA QUICK	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MARTORELLA	DIRECTOR	1.00	Director	$0	$0	$0
LIANNE ACEBO	DIRECTOR	1.00	Director	$0	$0	$0
OSCAR PARHAM	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES PORTLAND	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JAY ROSEN	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN SONNABEND	DIRECTOR	1.00	Director	$0	$0	$0
DONALD MOORE	DIRECTOR	1.00	Director	$0	$0	$0
KIM ABREU	DIRECTOR	1.00	Director	$0	$0	$0
SANDY SEARS	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES SHEARIN	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
MARIA FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
JACOLBIA MCGINNIS	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$610,721	$682,951	$2,055,817	$-72,230
2022	$461,106	$812,849	$2,160,626	$-351,743
2021	$683,942	$784,426	$2,357,926	$-100,484
2020	$842,492	$705,743	$2,765,180	$136,749
2019	$745,727	$489,415	$2,873,849	$256,312
2018	$766,231	$453,069	$2,908,720	$313,162

CITY VIEW APARTMENTS INC