CAROLINA CHASE APARTMENTS INC (EIN 752684375) - 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

TERRI L ANDERSON

Phone

9725674630

Tax Period

2024-01-01 to 2024-12-31

CAROLINA CHASE APARTMENTS INC, founded in 1996, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $283K, a strong 16% operating margin.

Mission

TO ACQUIRE AND HOLD TITLE TO THE REAL PROPERTY KNOWN AS CAROLINA CHASE APARTMENTS LOCATED AT 5351 PETERSON LANE, DALLAS, TEXAS 75240, AND COLLECTING INCOME FROM SUCH PROPERTY AND REMITTING THE ENTIRE AMOUNT FROM SUCH PROPERTY (LESS EXPENSES) TO ITS SOLE SHAREHOLDER, THE CENTER FOR HOUSING RESOURCES, INC. A 501(c)(3) CORPORATION.

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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 $0

Program Service Revenue $1,757,342

Investment Income $5,443

Other Revenue $0

TOTAL REVENUE $1,762,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,393

Fundraising Expenses $0

Program Expenses $1,479,785

Other Expenses $1,226,392

TOTAL EXPENSES $1,479,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,762,785	$1,713,801	+0.0%
Expenses	$1,479,785	$1,437,892	+0.0%
Net Income	$283,000	$275,909	+0.0%

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
TERRI L ANDERSON	Chairman	2.00	Officer Director	$0	$0	$0
LOUELLA ANDERSON	Executive Dir.	2.00	Officer Director	$0	$0	$0
ANTONIO MATARRANZ	Treasurer	1.00	Officer Director	$0	$0	$0
ANDREA BUTLER	Secretary	1.00	Officer Director	$0	$0	$0
ESMERALDA GAYTON	Trustee	1.00	Director	$0	$0	$0
BRENDA MONTANA	Trustee	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	$1,762,785	$1,479,785	$1,364,734	$283,000
2023	$1,713,801	$1,437,892	$1,171,577	$275,909
2022	$1,607,205	$1,401,889	$1,128,804	$205,316
2021	$1,581,958	$1,197,451	$929,429	$384,507
2020	$1,560,187	$1,122,686	$1,286,079	$437,501
2019	$1,558,340	$1,091,191	$926,084	$467,149
2018	$1,476,834	$1,288,178	$862,110	$188,656

CAROLINA CHASE APARTMENTS INC