REACH APARTMENTS INC (EIN 943085792) - 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

1989

Legal Domicile

Principal Officer

MARGARET SALAZAR

Phone

5032310682

Tax Period

2023-01-01 to 2023-12-31

REACH APARTMENTS INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $242K in total revenue in fiscal year 2023.

Mission

TO CONSTRUCT AND OPERATE A 20-UNIT APARTMENT COMPLEX FOR CHRONIC MENTALLY ILL LOW-INCOME PEOPLE

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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 $177,645

Program Service Revenue $57,394

Investment Income $188

Other Revenue $6,391

TOTAL REVENUE $241,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,186

Other Expenses $234,770

TOTAL EXPENSES $234,770

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,618	$225,543	+0.1%
Expenses	$234,770	$176,247	+0.3%
Net Income	$6,848	$49,296	-0.9%

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	$241,618	$234,770	$567,358	$6,848
2022	$225,543	$176,247	$536,397	$49,296
2021	$189,689	$184,002	$514,872	$5,687
2020	$211,663	$195,874	$494,129	$15,789
2019	$198,487	$202,835	$465,442	$-4,348
2018	$193,949	$175,117	$464,346	$18,832

REACH APARTMENTS INC