PARK LANE APARTMENTS CORPORATION

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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

ANNIE MCNEANY

Phone

7075269782

Tax Period

2019-01-01 to 2019-12-31

Mission

OWNED AND OPERATED AFFORDABLE RENTAL HOUSING.

Program Service Accomplishments

Program 1

Expenses: $145,076

THE CORPORATION OPERATED AN APARTMENT COMPLEX CONSISTING OF 92 UNITS OF LOW-INCOME HOUSING FOR FAMILIES IN PETALUMA, CALIFORNIA, UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE...

THE CORPORATION OPERATED AN APARTMENT COMPLEX CONSISTING OF 92 UNITS OF LOW-INCOME HOUSING FOR FAMILIES IN PETALUMA, CALIFORNIA, UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.THE PROJECT WAS SOLD TO AN AFFORDABLE HOUSING PARTNERSHIP ON SEPTEMBER 16, 2015.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $143,716

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,076

Other Expenses $1,360

TOTAL EXPENSES $145,076

Year-over-Year Comparison

	2019	2018	Change
Revenue	N/A	N/A	N/A
Expenses	$145,076	N/A	N/A
Net Income	N/A	$0	N/A

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
ANNIE MCNEANY	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE CASTELLUCCI	SECRETARY	1.00	Officer Director	$0	$0	$0
COREY GARBEROLIO	TREASURER	1.00	Officer Director	$0	$0	$0
ALICIA GOMEZ	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
2019	No data	$145,076	No data	No data
2018	No data	No data	$145,076	No data