EL REDENTOR APARTMENTS INC (EIN 760461428) - 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

HECTOR M VELAZQUEZ

Phone

7139100102

Tax Period

2023-07-01 to 2024-06-30

EL REDENTOR APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $294K in total revenue in fiscal year 2023. Expenses of $395K exceeded revenue, resulting in a 34% operating deficit.

Mission

PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $293,607

Investment Income $23

Other Revenue $0

TOTAL REVENUE $293,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,414

Fundraising Expenses $0

Program Expenses $387,211

Other Expenses $258,312

TOTAL EXPENSES $394,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,630	$281,179	+0.0%
Expenses	$394,726	$349,383	+0.1%
Net Income	$-101,096	$-68,204	+0.5%

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
DOROTHY TOUCHSTONE	DIRECTOR	N/A	Director	$0	$0	$0
BILLY TOUCHSTONE	VICE PRESIDE	N/A	Officer	$0	$0	$0
HECTOR M VELAZQUEZ	PRESIDENT	N/A	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	No data	No data	No data	No data
2024	$293,630	$394,726	$1,033,665	$-101,096
2023	$281,179	$349,383	$1,135,027	$-68,204
2022	$279,194	$316,299	$1,202,489	$-37,105
2021	$284,188	$336,462	$1,244,405	$-52,274
2020	$619,429	$335,857	$1,294,052	$283,572
2019	$484,929	$461,664	$1,349,825	$23,265

EL REDENTOR APARTMENTS INC