REDWOOD COVE SENIOR APARTMENTS (EIN 680315581) - 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

1996

Legal Domicile

Phone

7074643812

Tax Period

2024-07-01 to 2025-06-30

REDWOOD COVE SENIOR APARTMENTS, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $523K in total revenue in fiscal year 2024. Expenses of $635K exceeded revenue, resulting in a 21% operating deficit.

Mission

LOW INCOME HUD ASSISTED SENIOR HOUSING.

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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 $357,699

Program Service Revenue $160,380

Investment Income $1,601

Other Revenue $3,590

TOTAL REVENUE $523,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $634,933

Other Expenses $634,933

TOTAL EXPENSES $634,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$523,270	$545,361	0.0%
Expenses	$634,933	$535,362	+0.2%
Net Income	$-111,663	$9,999	-12.2%

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

N/A

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
DOTTIE LINVILLE	President	0.25	Officer Director	$0	$0	$0
TOM COCHRAN	Trser/secy	0.25	Officer Director	$0	$0	$0
DANNA BATES	Director	0.25	Director	$0	$0	$0
CHARLAINE MAZZEI	Executive Dir.	20.00	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
2025	$523,270	$634,933	$1,257,733	$-111,663
2024	$545,361	$535,362	$1,366,490	$9,999
2023	$524,792	$810,067	$1,415,289	$-285,275
2022	$490,339	$636,862	$1,611,320	$-146,523
2021	$470,800	$478,754	$1,728,329	$-7,954
2020	$449,480	$462,825	$1,731,064	$-13,345
2019	$374,503	$433,062	$1,764,714	$-58,559

REDWOOD COVE SENIOR APARTMENTS