COUNCIL GROVES APARTMENTS INC (EIN 810333275) - 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

1971

Legal Domicile

Phone

4065422922

Tax Period

2024-10-01 to 2025-09-30

COUNCIL GROVES APARTMENTS INC, founded in 1971, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $239K, a strong 16% operating margin.

Mission

PROVIDE LOW INCOME 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 (2024)

Revenue Breakdown

Contributions & Grants $997,506

Program Service Revenue $511,190

Investment Income $896

Other Revenue $0

TOTAL REVENUE $1,509,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $552,082

Fundraising Expenses $0

Program Expenses $1,194,668

Other Expenses $718,441

TOTAL EXPENSES $1,270,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,509,592	$1,137,415	+0.3%
Expenses	$1,270,523	$1,078,568	+0.2%
Net Income	$239,069	$58,847	+3.1%

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

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
FRED STEWART	Director	0.50	Officer Director	$0	$0	$0
KEVIN BURKE	Director	0.50	Director	$0	$0	$0
JANE EAST	Director	0.50	Director	$0	$0	$0
JAY RECTOR	Director	0.50	Officer Director	$0	$0	$0
CAROL KRAFT	Director	0.50	Officer Director	$0	$0	$0
MARY LOU HANKEL	Director	0.50	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	$1,509,592	$1,270,523	$2,676,275	$239,069
2024	$1,137,415	$1,078,568	$2,578,176	$58,847
2023	$1,008,016	$860,887	$2,492,850	$147,129
2022	$976,403	$883,469	$2,383,150	$92,934
2021	$923,690	$906,371	$2,346,025	$17,319
2020	$923,155	$897,534	$2,328,252	$25,621
2019	$822,472	$846,133	$2,351,888	$-23,661

COUNCIL GROVES APARTMENTS INC