VINECREST SENIOR APARTMENTS INC (EIN 680384782) - 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

Principal Officer

LAWRANCE FLORIN

Phone

7075269782

Tax Period

2024-01-01 to 2024-12-31

VINECREST SENIOR APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $478K in total revenue in fiscal year 2024. Expenses of $655K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE CORPORATION OWNS AND OPERATES THE HUD-FINANCED AFFORDABLE RENTAL HOUSING COMPLEX KNOWN AS VINECREST APARTMENTS.

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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 $174,522

Program Service Revenue $305,698

Investment Income $-2,383

Other Revenue $0

TOTAL REVENUE $477,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $132,097

Fundraising Expenses $0

Program Expenses $635,616

Other Expenses $523,129

TOTAL EXPENSES $655,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,837	$476,273	+0.0%
Expenses	$655,226	$639,578	+0.0%
Net Income	$-177,389	$-163,305	+0.1%

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

$1,006,002

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON WRIGHT	DIRECTOR	0.30	Director	$0	$0	$0
DAVID GOUIN	CHAIR	0.30	Officer Director	$0	$0	$0
PAUL DONALDSON	VICE CHAIR	0.30	Officer Director	$0	$0	$0
DOROTHY BEATTIE	TREASURER	0.30	Officer Director	$0	$0	$0
KOMRON SHAHHOSSEINI	DIRECTOR	0.30	Director	$0	$0	$0
NATE BELDEN	DIRECTOR	0.30	Director	$0	$0	$0
TOMAS PHILLIPS	DIRECTOR	0.30	Director	$0	$0	$0
JEAN KAPOLCHOK	SECRETARY	0.30	Officer Director	$0	$0	$0
ANDREA LEARNED	DIRECTOR - THRU 2/24	0.30	Director	$0	$0	$0
LESLIE CAMINO	DIRECTOR	0.30	Director	$0	$0	$0
CHARLOTTE RADMILOVIC	DIRECTOR	0.30	Director	$0	$0	$0
BRENDAN KUNKLE	DIRECTOR - START 11/24	0.30	Director	$0	$0	$0
LAWRANCE FLORIN	CEO	0.30	Officer	$0	$29,210	$557,353
KIM AUGUST	CFO	0.30	Officer	$0	$25,013	$219,392
BENJAMIN WICKHAM	COO	0.30	Officer	$0	$32,518	$229,257

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	$477,837	$655,226	$2,804,682	$-177,389
2023	$476,273	$639,578	$2,902,705	$-163,305
2022	$425,638	$580,664	$2,993,332	$-155,026
2021	$403,052	$556,085	$3,107,462	$-153,033
2020	$394,522	$558,276	$3,243,873	$-163,754
2019	$369,603	$540,882	$3,358,946	$-171,279
2018	$347,967	$509,223	$3,492,970	$-161,256

VINECREST SENIOR APARTMENTS INC