ARBORETUM WEST APARTMENTS

EIN: 822633828 501(c)(3) Housing & Shelter

EVANSTON, IL

Total Revenue
$278,762
Total Expenses
$353,603
Total Assets
$4,804,312
Net Assets
$3,740,909
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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
2019
Legal Domicile
IL
Principal Officer
ERIC HUFFMAN
Phone
8473286633
Tax Period
2024-01-01 to 2024-12-31

ARBORETUM WEST APARTMENTS, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $354K exceeded revenue, resulting in a 27% operating deficit.

Mission

OUR MISSION IS TO PROVIDE INDEPENDENT LIVING SOLUTIONS FOR INDIVIDUALS WITH PHYSICAL DISABILITIES. WE MAINTAIN BARRIER-FREE HOUSING FOR LOW-INCOME, PHYSICALLY HANDICAPPED ADULTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $203,413
Program Service Revenue $53,643
Investment Income $7,706
Other Revenue $14,000
TOTAL REVENUE $278,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,014
Fundraising Expenses $0
Program Expenses $326,742
Other Expenses $287,589
TOTAL EXPENSES $353,603

Year-over-Year Comparison

2024 2023 Change
Revenue $278,762 $410,560 -0.3%
Expenses $353,603 $359,212 0.0%
Net Income $-74,841 $51,348 -2.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$615,046
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC HUFFMAN PRESIDENT 2.00
Officer
$0 $0 $272,047
LES RUSSO VP/TREASURER 2.00
Officer
$0 $0 $198,265
KATIE MIGLORE SECRETARY 2.00
Officer
$0 $0 $144,734
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 $278,762 $353,603 $4,804,312 $-74,841
2023 $410,560 $359,212 $4,918,229 $51,348
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