CORAL VILLAGE APARTMENTS INC

EIN: 831849406 501(c)(3) Housing & Shelter

North Fort Myers, FL

Total Revenue
$11,870
Total Expenses
$22,322
Total Assets
$402,231
Net Assets
$402,231
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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
2018
Legal Domicile
FL
Principal Officer
ROBERT NORRIS
Phone
2399976688
Tax Period
2022-01-01 to 2022-12-31

CORAL VILLAGE APARTMENTS INC, founded in 2018, is a micro nonprofit in the Housing & Shelter sector that reported $12K in total revenue in fiscal year 2022. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 88% operating deficit.

Mission

Provide and develop affordable housing opportunities as an instrumentality of Lee County Housing Authority.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $11,870
TOTAL REVENUE $11,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,322
Other Expenses $22,322
TOTAL EXPENSES $22,322

Year-over-Year Comparison

2022 2021 Change
Revenue $11,870 $459,700 -1.0%
Expenses $22,322 $71,590 -0.7%
Net Income $-10,452 $388,110 -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

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Governance

Voting Members
4
Independent Members
4
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Norris Director President 1.00
Officer Director
$0 $0 $0
Donald Komito Director 0.00
Director
$0 $0 $0
Christine Sardina Director 1.00
Director
$0 $0 $0
Robert Ortiz Director Vice President 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
2022 $11,870 $22,322 $402,231 $-10,452
2021 $459,700 $71,590 $412,683 $388,110
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