CORAL VILLAGE APARTMENTS INC

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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

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

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

Program Service Accomplishments

Program 1

Expenses: $22,322 Revenue: $11,870

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%)

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

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
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