MARSHALL PLACE APARTMENTS INC (EIN 900158415) - 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

2005

Legal Domicile

Principal Officer

LOUISE ELVING

Phone

6174925559

Tax Period

2024-07-01 to 2025-06-30

MARSHALL PLACE APARTMENTS INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $337K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $312K left a modest 7% surplus.

Mission

TO PROVIDE LOW-INCOME ELDERLY SUPPORTIVE HOUSING IN WATERTOWN, MASSACHUSETTS.

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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 $84,428

Program Service Revenue $252,106

Investment Income $93

Other Revenue $0

TOTAL REVENUE $336,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,941

Fundraising Expenses $0

Program Expenses $267,254

Other Expenses $228,187

TOTAL EXPENSES $312,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$336,627	$250,932	+0.3%
Expenses	$312,128	$264,573	+0.2%
Net Income	$24,499	$-13,641	-2.8%

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
LOUISE ELVING	PRESIDENT	1.00	Officer Director	$0	$0	$0
VINCENT O'DONNELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GEORGE BEAL	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN HIXSON	CLERK	1.00	Officer Director	$0	$0	$0
TIMOTHY BOMBARD	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE KATZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH KAUP	DIRECTOR	1.00	Director	$0	$0	$0
WILL TWOMBLY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
DELFINE MASONGO	DIRECTOR	1.00	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	$336,627	$312,128	$2,401,962	$24,499
2024	No data	No data	No data	No data
2023	$241,686	$264,778	$2,395,569	$-23,092
2022	$242,020	$267,919	$2,404,257	$-25,899
2021	$234,634	$235,546	$1,914,624	$-912
2020	$225,673	$196,163	$1,972,362	$29,510
2019	$171,392	$173,157	$1,967,327	$-1,765
2018	$153,309	$178,633	$2,013,125	$-25,324

MARSHALL PLACE APARTMENTS INC