VAN BUREN APARTMENTS INC (EIN 912152908) - 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

2001

Legal Domicile

Principal Officer

ANA PONCE

Phone

3232311104

Tax Period

2024-01-01 to 2024-12-31

VAN BUREN APARTMENTS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $800K in total revenue in fiscal year 2024. Expenses of $702K left a modest 12% surplus.

Mission

VAN BUREN APARTMENTS, INC. OWNS AND OPERATES A 28 UNIT RESIDENTIAL RENTAL COMPLEX THAT PROVIDES HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

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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 $503,026

Program Service Revenue $293,191

Investment Income $1,567

Other Revenue $2,094

TOTAL REVENUE $799,878

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $60,173

Fundraising Expenses $0

Program Expenses $567,275

Other Expenses $441,496

TOTAL EXPENSES $701,669

Year-over-Year Comparison

	2024	2023	Change
Revenue	$799,878	$796,113	+0.0%
Expenses	$701,669	$462,319	+0.5%
Net Income	$98,209	$333,794	-0.7%

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

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
ANA F PONCE	PRESIDENT	8.00	Officer Director	$0	$0	$0
KELLY BOYER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
EDWARD JOHNSON ESQ	TREASURER	0.00	Officer Director	$0	$0	$0
QUAFORD COLEMAN	SECRETARY	0.00	Officer Director	$0	$0	$0
RICHARD WASHINGTON	DIRECTOR	0.00	Director	$0	$0	$0
JOHNATHAN WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
REGINA DOBBINS	DIRECTOR	0.00	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
2024	$799,878	$701,669	$2,336,211	$98,209
2023	$796,113	$462,319	$2,282,072	$333,794
2022	$736,430	$381,680	$2,002,624	$354,750
2021	$694,038	$325,754	$1,980,018	$368,284
2020	$407,699	$343,789	$1,627,731	$63,910
2019	$411,252	$385,714	$1,601,249	$25,538
2018	$410,527	$319,601	$1,634,145	$90,926

VAN BUREN APARTMENTS INC