CEDAR GARDENS APARTMENTS (EIN 943221405) - 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

Legal Domicile

Phone

2094666811

Tax Period

2024-01-01 to 2024-12-31

CEDAR GARDENS APARTMENTS is a small nonprofit in the Housing & Shelter sector that reported $903K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING TO LOW INCOME FAMILIES BY OPERATING A HUD APARTMENT PROJECT.

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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 $0

Program Service Revenue $892,289

Investment Income $10,322

Other Revenue $0

TOTAL REVENUE $902,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $963,750

Other Expenses $1,058,100

TOTAL EXPENSES $1,058,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$902,611	$867,785	+0.0%
Expenses	$1,058,100	$993,462	+0.1%
Net Income	$-155,489	$-125,677	+0.2%

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	Role	Reportable Comp	Other Comp	Total
CAROL ORNELAS	CEO	Officer	$0	$0	$0
EDWARD JACKSON	CHAIRPERSON	Officer	$0	$0	$0
JUSTIN R LLATA	COO	Officer	$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	$902,611	$1,058,100	$5,121,159	$-155,489
2023	$867,785	$993,462	$5,610,744	$-125,677
2022	$753,613	$982,837	$5,392,696	$-229,224
2021	$754,465	$863,342	$5,501,645	$-108,877
2020	$757,674	$861,529	$5,631,767	$-103,855
2019	$760,137	$1,540,097	$5,795,739	$-779,960
2018	$852,494	$809,080	$6,525,526	$43,414

CEDAR GARDENS APARTMENTS