CHARLES APARTMENTS HOUSING CORPORATION (EIN 770418640) - 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

1995

Legal Domicile

Principal Officer

LINDA MANDOLINI

Phone

5105821460

Tax Period

2022-07-01 to 2023-06-30

CHARLES APARTMENTS HOUSING CORPORATION, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $4K in total revenue in fiscal year 2022. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $925, a strong 26% operating margin.

Mission

TO OWN AND PROVIDE HIGH QUALITY, WELL-MANAGED, SERVICE-ENHANCED AFFORDABLE HOUSING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100

Other Expenses $2,575

TOTAL EXPENSES $2,575

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,500	$319,066	-1.0%
Expenses	$2,575	$18,621,689	-1.0%
Net Income	$925	$-18,302,623	-1.0%

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

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

$1,046,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA MANDOLINI	PRESIDENT	0.10	Officer	$0	$43,669	$610,892
TATIANA BLANK	TREASURER	0.10	Officer	$0	$18,625	$435,954
ALBERT ESCORT	SECRETARY	0.10	Officer Director	$0	$0	$0
DOUGLAS KUERSCHNER	CHAIR	0.10	Officer Director	$0	$0	$0
SHARON BELL	VICE CHAIR	0.10	Officer Director	$0	$0	$0
JOSEPH M POSTIGO	DIRECTOR	0.10	Director	$0	$0	$0
JOHN GAFFNEY	DIRECTOR	0.10	Director	$0	$0	$0
PAULINE WEAVER	DIRECTOR	0.10	Director	$0	$0	$0
VINCENTA IRIARTE	DIRECTOR	0.10	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
2023	$3,500	$2,575	No data	$925
2022	$319,066	$18,621,689	No data	$-18,302,623
2021	$540,610	$1,725	$18,301,698	$538,885
2020	$521,901	$1,465	$17,764,560	$520,436
2019	$650,562	$7,235,205	$17,252,547	$-6,584,643
2018	$963,784	$891,357	$5,961,540	$72,427

CHARLES APARTMENTS HOUSING CORPORATION