ST CLARE APARTMENTS INC C/O ST FRANCIS CENTER (EIN 943252567) - 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

KATE YOUNG

Phone

6505789661

Tax Period

2023-07-01 to 2024-06-30

ST CLARE APARTMENTS INC C/O ST FRANCIS CENTER, founded in 1996, is a small nonprofit that reported $880K in total revenue in fiscal year 2023. Expenses of $2.7M exceeded revenue, resulting in a 204% operating deficit.

Mission

OWNS & OPERATES 3 BUILDINGS TOTALING 41 UNITS FOR LOW/MODERATE INCOME INDIVIDUALS & 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $813,678

Investment Income $0

Other Revenue $66,277

TOTAL REVENUE $879,955

Expense Breakdown

Grants Paid $1,959,460

Salaries & Benefits $4,776

Fundraising Expenses $0

Program Expenses $2,671,650

Other Expenses $707,414

TOTAL EXPENSES $2,671,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$879,955	$837,507	+0.1%
Expenses	$2,671,650	$669,056	+3.0%
Net Income	$-1,791,695	$168,451	-11.6%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PIERCE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LYNN PIERCE	TREASURER	1.00	Officer Director	$0	$0	$0
SUE MITCHELL	SECRETARY	1.00	Officer Director	$0	$0	$0
KATE YOUNG	EXECUTIVE DIRECTOR	20.00	Director	$0	$0	$0
RAFAEL AVENDANO	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA OTERO	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE MCKIBBEN	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	$879,955	$2,671,650	No data	$-1,791,695
2023	$837,507	$669,056	$8,412,915	$168,451
2022	$755,269	$676,548	$8,439,136	$78,721
2021	$1,710,585	$533,783	$8,169,370	$1,176,802
2020	$458,211	$413,313	$2,814,782	$44,898
2019	$435,445	$428,867	$2,839,566	$6,578
2018	$382,234	$363,389	$2,898,140	$18,845

ST CLARE APARTMENTS INC C/O ST FRANCIS CENTER