MARION STREET APARTMENTS INC (EIN 931209647) - 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

1996

Legal Domicile

Principal Officer

MARGARET SALAZAR

Phone

5032310682

Tax Period

2023-01-01 to 2023-12-31

MARION STREET APARTMENTS INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $254K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $288K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO AQUIRE AND OPERATE A 24-UNIT APARTMENT COMPLEX FOR LOWER-INCOME FAMILIES AND INDIVIDUALS

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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 (2023)

Revenue Breakdown

Contributions & Grants $144,529

Program Service Revenue $88,942

Investment Income $9,022

Other Revenue $11,780

TOTAL REVENUE $254,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $241,529

Other Expenses $288,489

TOTAL EXPENSES $288,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$254,273	$225,686	+0.1%
Expenses	$288,489	$232,362	+0.2%
Net Income	$-34,216	$-6,676	+4.1%

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

$392,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL VALLIERE	PRESIDENT & CEO (UNTIL OCT. 2023)	1.00	Officer	$0	$27,042	$203,445
TEKLE BUSHEN	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$10,769	$156,735
MARGARET SALAZAR	PRESIDENT & CEO (AS OF OCT. 2023)	1.00	Officer	$0	$2,579	$31,855
JILL LAM	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
DEBBIE BURKE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
WHIT SPENCER	TREASURER	1.00	Officer Director	$0	$0	$0
JAMIE BECKLAND	SECRETARY	1.00	Officer Director	$0	$0	$0
ALEXANDER MCPHERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN WERNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERANDA CURTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
CRIS SOHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SACAMANO	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD KNIGHTLY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM LODWICK	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMM MCCRARY	BOARD MEMBER	1.00	Director	$0	$0	$0
CLARA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TEJAN CONTEH	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM STUCKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL CUMMINGS	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$254,273	$288,489	$910,496	$-34,216
2022	$225,686	$232,362	$956,024	$-6,676
2021	$238,086	$231,086	$890,929	$7,000
2020	$235,324	$172,715	$874,614	$62,609
2019	$240,276	$193,163	$811,109	$47,113
2018	$201,262	$250,639	$807,163	$-49,377

MARION STREET APARTMENTS INC