PARC HURON APARTMENTS LLC C/O HEIT… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

lawrence christensen

Phone

3122514827

Tax Period

2024-01-01 to 2024-12-31

PARC HURON APARTMENTS LLC C/O HEITMAN LLC, founded in 2012, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 332% from the prior year, signaling strong growth momentum.

Mission

SAME AS PART 1, LINE 1

Program Service Accomplishments

Program 1

THE ORGANIZATION OPERATED THE RENTAL REAL ESTATE PROPERTY FOR ITS TAX EXEMPT SHAREHOLDER, THE ALASKA PERMANENT FUND (TAX ID NUMBER 92 6001185). TOTAL DISTRIBUTIONS TO ITS SHARHOLDER IN 2024 WERE...

THE ORGANIZATION OPERATED THE RENTAL REAL ESTATE PROPERTY FOR ITS TAX EXEMPT SHAREHOLDER, THE ALASKA PERMANENT FUND (TAX ID NUMBER 92 6001185). TOTAL DISTRIBUTIONS TO ITS SHARHOLDER IN 2024 WERE $3,287,001.

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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 $0

Investment Income $84,148

Other Revenue $3,329,366

TOTAL REVENUE $3,413,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,413,514	$790,451	+3.3%
Expenses	N/A	N/A	N/A
Net Income	N/A	$790,451	N/A

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Theresa Ranck	President	Officer Director	$0	$0	$0
Thomas Kelly	Vice President and Secretary	Officer Director	$0	$0	$0
Lawrence Christensen	Vice President and Treasurer	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
2024	$3,413,514	No data	$104,038,615	No data
2023	$790,451	No data	$107,048,410	No data
2022	$1,819,427	No data	$116,538,273	No data
2021	$1,677,050	No data	$107,660,473	No data
2020	$2,143,498	No data	$106,908,380	No data
2019	$-6,910,813	No data	$112,473,877	No data

PARC HURON APARTMENTS LLC C/O HEITMAN LLC