ST MARY MAGDALENE APTS INC (EIN 870716970) - 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

2007

Legal Domicile

Principal Officer

BISHOP J DOUGLAS DESHOTEL

Phone

3372615811

Tax Period

2024-07-01 to 2025-06-30

ST MARY MAGDALENE APTS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $186K in total revenue in fiscal year 2024. Expenses of $218K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE ORGANIZATION PROVIDES LOW INCOME HOUSING ON A NON-PROFIT BASIS PURSUANT TO SECTION 222(B) (3) OF THE NATIONAL HOUSING ACT

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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 $118,002

Program Service Revenue $68,302

Investment Income $93

Other Revenue $0

TOTAL REVENUE $186,397

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,093

Fundraising Expenses $0

Program Expenses $152,846

Other Expenses $183,187

TOTAL EXPENSES $218,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$186,397	$189,496	0.0%
Expenses	$218,280	$219,715	0.0%
Net Income	$-31,883	$-30,219	+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

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
BISHOP J DOUGLAS DESHOTEL	PRESIDENT	N/A	Officer Director	$0	$0	$0
MONSIGNOR W CURTIS MALLET	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
MAUREEN K FONTENOT	SECRETARY	N/A	Officer Director	$0	$0	$0
JACOB A TROUTMAN	TREASURER	N/A	Officer Director	$0	$0	$0
VERY REVEREND JARED G SUIRE	BOARD MEMBER	N/A	Director	$0	$0	$0
DEACON JIM KINCEL	BOARD MEMBER	N/A	Director	$0	$0	$0
VERY REVEREND KEVIN BORDELON	BOARD MEMBER	N/A	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	$186,397	$218,280	$936,152	$-31,883
2024	$189,496	$219,715	$985,408	$-30,219
2023	$174,447	$216,613	$1,022,214	$-42,166
2022	$152,813	$184,071	$1,041,221	$-31,258
2021	$141,868	$171,051	$1,069,266	$-29,183
2020	$171,261	$160,333	$1,103,552	$10,928
2019	$123,402	$144,810	$1,085,305	$-21,408
2018	$128,169	$148,158	$1,104,731	$-19,989

ST MARY MAGDALENE APTS INC