GREENWAY PRESBYTERIAN APARTMENTS I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

6108341001

Tax Period

2024-01-01 to 2024-12-31

GREENWAY PRESBYTERIAN APARTMENTS INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $169K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $588K exceeded revenue, resulting in a 248% operating deficit.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE, AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTRANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU.

Program Service Accomplishments

Program 1

Expenses: $587,662 Revenue: $0

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 68-UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND...

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 68-UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT. 67 OF THE 68 UNITS ARE AVAILABLE TO RESIDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $158,993

Other Revenue $9,875

TOTAL REVENUE $168,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $587,662

Other Expenses $587,662

TOTAL EXPENSES $587,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,868	$7,376,468	-1.0%
Expenses	$587,662	$1,050,668	-0.4%
Net Income	$-418,794	$6,325,800	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$4,748,269

Total Directors

$262,000

Key Employees

$1,474,806

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STAMPER	CHAIR	0.20	Officer Director	$0	$0	$73,000
ALAN GRIFFITH	VICE CHAIR	0.10	Officer Director	$0	$0	$63,000
H DECLAN BROWN	SECRETARY	0.10	Officer Director	$0	$0	$63,000
REV MICHELLE HOLMES	BOARD MEMBER	0.10	Director	$0	$0	$63,000
REV RANDY L BARGE	BOARD MEMBER	0.10	Director	$0	$0	$0
HARRY G DITTMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
KENNETH MCKEOWN	BOARD MEMBER	0.10	Director	$0	$0	$0
REV DR NANCY E MUTH	BOARD MEMBER	0.10	Director	$0	$0	$0
G ROBERT OVERHISER JR	BOARD MEMBER	0.10	Director	$0	$0	$0
WILLIAM G YOUNG SR	BOARD MEMBER (NON-VOTING)	0.10	Director	$0	$0	$0
JOHN H COCHRANE III	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$292,739	$1,566,593
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$184,062	$1,147,903
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$84,590	$758,654
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$71,504	$659,066
NICK LINDBERG	CHIEF INFORMATION OFFICE	0.50	Officer	$0	$3,983	$417,053
JAMES PARK	SVP CORPORATE COMMUNICATION	0.50	Key Emp	$0	$34,521	$305,685
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Key Emp	$0	$45,023	$430,662
CYNTHIA SALGADO	VP CORPORATE COMPLIANCE	0.50	Key Emp	$0	$15,387	$287,341
JENNIFER KAPPEN	SVP - AFFORDABLE HOUSING	18.00	Key Emp	$0	$48,298	$451,118

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	$168,868	$587,662	$3,261,973	$-418,794
2023	$7,376,468	$1,050,668	$3,854,567	$6,325,800
2022	$890,853	$848,516	$6,133,916	$42,337
2021	$823,548	$871,436	$6,101,367	$-47,888
2020	$630,234	$864,117	$6,114,668	$-233,883
2019	$579,013	$849,275	$6,348,658	$-270,262
2018	$593,784	$811,084	$6,607,889	$-217,300

GREENWAY PRESBYTERIAN APARTMENTS INC