BICENTENNIAL APARTMENTS INC

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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

2004

Legal Domicile

Principal Officer

MARGARET RICHARDS

Phone

6056428817

Tax Period

2024-07-01 to 2025-06-30

BICENTENNIAL APARTMENTS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $153K in total revenue in fiscal year 2024. Expenses of $226K exceeded revenue, resulting in a 48% operating deficit.

Mission

HOUSING IS PROVIDED TO 22 FAMILIES WHO QUALIFIED AS LOW INCOME ELDERLY UNDER THE HUD GUIDELINES.

Program Service Accomplishments

Program 1

Expenses: $196,150 Revenue: $152,542

HOUSING IS PROVIDED TO 22 FAMILIES WHO QUALIFIED AS LOW INCOME ELDERLY UNDER THE HUD GUIDELINES.

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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 $152,542

Investment Income $153

Other Revenue $0

TOTAL REVENUE $152,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $196,150

Other Expenses $225,581

TOTAL EXPENSES $225,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,695	$150,521	+0.0%
Expenses	$225,581	$191,717	+0.2%
Net Income	$-72,886	$-41,196	+0.8%

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
SANDRA HOLLENBACK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAN BISHOP	BOARD MEMBER	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
2025	$152,695	$225,581	$1,291,647	$-72,886
2024	$150,521	$191,717	$1,366,073	$-41,196
2023	$137,448	$213,356	$1,418,899	$-75,908
2022	$121,135	$192,283	$1,482,567	$-71,148
2021	$126,873	$196,055	$1,549,500	$-69,182
2020	$146,826	$191,765	$1,620,927	$-44,939
2019	$120,657	$182,457	$1,666,226	$-61,800