VAN BUREN 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

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

THE PURPOSE OF VAN BUREN APARTMENTS, INC. IS TO PROVIDE HOUSING TO PERSONS OF LOW OR MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $567,275 Revenue: $293,191

VAN BUREN APARTMENTS, INC. (A CALIFORNIA NOT-FOR-PROFIT CORPORATION) WAS FORMED ON AUGUST 28, 2001, TO CONSTRUCT, OWN AND OPERATE A 28 UNIT RENTAL HOUSING PROJECT FOR LOW AND MODERATE INCOME PERSONS IN LOS ANGELES, CALIFORNIA, KNOWN AS VAN BUREN PLACE (THE PROPERTY), AND IS OPERATED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD.

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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