UNION PLAZA APARTMENTS (EIN 952756431) - 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

1972

Legal Domicile

Principal Officer

CLIFF REYNOLDS

Phone

8059225226

Tax Period

2024-07-01 to 2025-06-30

UNION PLAZA APARTMENTS, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2024. The organization ran a surplus of $745K, a strong 25% operating margin.

Mission

UNION PLAZA IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION, AMONG OTHER THINGS, OWNS AND OPERATES A 122 UNIT PROPERTY KNOWN AS UNION PLAZA APARTMENTS (THE "PROPERTY") LOCATED IN SANTA MARIA, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS. THE PROPERTY ALSO CONSISTS OF APPROXIMATELY 3,000 SQUARE FEET OF COMMERCIAL SPACE (EXCLUDING ROOF TOP SPACE) THAT IT LEASES TO VARIOUS TENANTS.

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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 $2,005,287

Program Service Revenue $872,283

Investment Income $7

Other Revenue $100,345

TOTAL REVENUE $2,977,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,500

Fundraising Expenses $0

Program Expenses $1,634,198

Other Expenses $2,211,639

TOTAL EXPENSES $2,233,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,977,922	$2,844,743	+0.0%
Expenses	$2,233,139	$2,257,185	0.0%
Net Income	$744,783	$587,558	+0.3%

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

N/A

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

$20,600

Total Directors

$21,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLIFF REYNOLDS	PRESIDENT	20.00	Officer Director	$5,100	$0	$5,100
VERONICA FIGUEROA	VICE PRESIDENT	20.00	Officer Director	$5,100	$0	$5,100
SUSAN CARLSON	FORMER SECRETARY-TREASURER	20.00	Officer Director	$9,200	$0	$9,200
JEFFREY LEE	SECRETARY-TREASURER	20.00	Officer Director	$1,200	$0	$1,200
MANNY VILLANUEVA	DIRECTOR	20.00	Director	$900	$0	$900

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	$2,977,922	$2,233,139	$10,226,443	$744,783
2024	No data	No data	No data	No data
2023	$2,807,774	$1,989,355	$9,499,166	$818,419
2022	$2,600,595	$1,984,826	$9,006,283	$615,769
2021	$2,587,974	$2,044,842	$8,778,452	$543,132
2020	$2,616,097	$1,770,897	$8,437,540	$845,200
2019	$2,465,117	$1,703,834	$7,363,160	$761,283
2018	$2,376,410	$1,343,087	$5,459,324	$1,033,323

UNION PLAZA APARTMENTS