Edith Street 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

1999

Legal Domicile

Principal Officer

SEAN PRYDEN

Phone

7077622336

Tax Period

2023-01-01 to 2023-12-31

Edith Street Apartments Inc, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $257K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $322K exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR SENIORS AND DISABLED PERSONS

Program Service Accomplishments

Program 1

Expenses: $292,871 Revenue: $119,849

THE ORGANIZATION OWNS AND OPERATES A 23 UNIT APARTMENT COMPLEX IN PETALUMA, CALIFORNIA FOR LOW-INCOME SENIORS AND PERSONS WITH DISABILITIES UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT...

THE ORGANIZATION OWNS AND OPERATES A 23 UNIT APARTMENT COMPLEX IN PETALUMA, CALIFORNIA FOR LOW-INCOME SENIORS AND PERSONS WITH DISABILITIES UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. THE PROPERTY IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS.

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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 $137,427

Program Service Revenue $119,849

Investment Income $129

Other Revenue $0

TOTAL REVENUE $257,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,167

Fundraising Expenses $0

Program Expenses $292,871

Other Expenses $244,572

TOTAL EXPENSES $321,739

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,405	$235,532	+0.1%
Expenses	$321,739	$356,571	-0.1%
Net Income	$-64,334	$-121,039	-0.5%

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

$357,254

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY STOMPE	FORMER EXEC DIR	0.10	Officer	$0	$15,870	$167,046
JENNIFER LITWAK	CEO/PRESIDENT	0.10	Officer	$0	$2,883	$108,226
KARIN ANDERSON	DIR OF FINANCE	0.10	Officer	$0	$10,825	$81,982
SEAN PRYDEN	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
HARRY COFFEY	Vice CHAIR	0.10	Officer Director	$0	$0	$0
DON ROSS	Treasurer	0.10	Officer Director	$0	$0	$0
BEN PRYDEN	Secretary	0.10	Officer Director	$0	$0	$0
GEORGE F SPRAGENS	Director	0.10	Director	$0	$0	$0
ANNA ROSE	Director	0.10	Director	$0	$0	$0
JOSEPH TINNEY	Director	0.10	Director	$0	$0	$0
ROY MARTINEZ	Director	0.10	Director	$0	$0	$0
JEFFREY MAYNE	Director	0.10	Director	$0	$0	$0
JIM RYAN	Director	0.10	Director	$0	$0	$0
MATTHEW HAAS	Director	0.10	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$257,405	$321,739	$1,667,074	$-64,334
2022	$235,532	$356,571	$1,687,513	$-121,039
2021	$236,677	$334,021	$1,771,042	$-97,344
2020	$226,037	$317,328	$1,835,005	$-91,291
2019	$217,568	$317,597	$1,891,070	$-100,029
2018	$212,077	$304,580	$1,951,380	$-92,503