ACADEMY SQUARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 822072160) - 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

2017

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2024-01-01 to 2024-12-31

ACADEMY SQUARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2017, is a small nonprofit in the Housing & Shelter sector that reported $314K in total revenue in fiscal year 2024. Expenses of $576K exceeded revenue, resulting in a 83% operating deficit.

Mission

LOW-INCOME HOUSING PROJECT

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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 $308,167

Investment Income $11

Other Revenue $6,240

TOTAL REVENUE $314,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,459

Fundraising Expenses $0

Program Expenses $511,508

Other Expenses $469,728

TOTAL EXPENSES $576,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,418	$300,480	+0.0%
Expenses	$576,187	$599,256	0.0%
Net Income	$-261,769	$-298,776	-0.1%

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

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
JUSTIN RUDGICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE LYSKAWA	TREASURER	1.00	Officer Director	$0	$0	$0
AUDREY FARWAGI	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2024	$314,418	$576,187	$5,184,724	$-261,769
2023	$300,480	$599,256	$5,373,820	$-298,776
2022	$273,662	$558,785	$5,606,922	$-285,123
2021	$259,556	$504,697	$5,820,996	$-245,141
2020	$698,175	$979,394	$6,050,431	$-281,219
2019	$259,835	$433,088	$6,302,288	$-173,253
2018	$226,134	$443,565	$7,216,846	$-217,431

ACADEMY SQUARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC