112 ALVES LANE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

DAN SAWISLAK

Phone

5108414410

Tax Period

2023-01-01 to 2023-12-31

112 ALVES LANE INC, founded in 1994, is a small nonprofit that reported $514K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $652K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $646,680 Revenue: $472,630

THE ORGANIZATION SERVES AS GENERAL PARTNER FOR FOUR LIMITED PARTNERSHIPS THAT OWN AND OPERATE AFFORDABLE HOUSING FOR THE BENEFIT OF LOW-INCOME PERSONS; AS LIMITED PARTNER FOR 19 LIMITED PARTNERSHIPS THAT OWN AND OPERATE AFFORDABLE HOUSING FOR THE BENEFIT OF LOW-INCOME PERSONS, AND 7 OF THE AFFORDABLE HOUSING LIMITED PARTNERSHIPS ARE IN DEVELOPMENT; AND AS SOLE MEMBER OF AN LLC THAT IS THE GENERAL PARTNER OF 4 LIMITED PARTNERSHIPS THAT OWN AND OPERATE AFFORDABLE HOUSING FOR THE BENEFIT OF LOW-INCOME PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $41,569

Program Service Revenue $472,630

Investment Income $0

Other Revenue $0

TOTAL REVENUE $514,199

Expense Breakdown

Grants Paid $89,608

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $646,680

Other Expenses $562,642

TOTAL EXPENSES $652,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$514,199	$1,136,291	-0.5%
Expenses	$652,250	$1,959,272	-0.7%
Net Income	$-138,051	$-822,981	-0.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$488,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTISE HARDY	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
SUSAN SHELTON-THRU 072023	DIRECTOR	0.00	Director	$0	$0	$0
DAVID TOM	DIRECTOR	0.10	Director	$0	$0	$0
DIANNA GARRETT	DIRECTOR	0.10	Director	$0	$0	$0
KATTYE GILES	SECRETARY	0.10	Officer Director	$0	$0	$0
MARIAN WOLFE	DIRECTOR	0.10	Director	$0	$0	$0
WILLIE PHILLIPS	DIRECTOR	0.10	Director	$0	$0	$0
JANET KENNEDY	PRESIDENT	0.10	Officer Director	$0	$0	$0
DICK SHAPIRO	DIRECTOR	0.10	Director	$0	$0	$0
COURTNEY JONES-THRU 101823	DIRECTOR	0.10	Director	$0	$0	$0
PHIL PALMER	TREASURER	0.10	Officer Director	$0	$0	$0
DANIEL SAWISLAK	CEO	0.10	Officer	$0	$55,612	$280,631
ERIC KNECHT	CFO	0.10	Officer	$0	$42,553	$207,693

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	$514,199	$652,250	$2,185,510	$-138,051
2022	$1,136,291	$1,959,272	$2,307,086	$-822,981
2021	$565,828	$1,975,548	$3,063,615	$-1,409,720
2020	$509,304	$1,929,328	$4,410,666	$-1,420,024
2019	$755,339	$1,309,581	$5,774,251	$-554,242
2018	$2,572,505	$751,735	$10,496,771	$1,820,770