LAS TORRES INC C/O FALKENBERG/GILLIAM & ASSOCIATES INC (EIN 953251812) - 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

1981

Legal Domicile

Principal Officer

MICHAEL MALONEY

Phone

3232583512

Tax Period

2023-07-01 to 2024-06-30

LAS TORRES INC C/O FALKENBERG/GILLIAM & ASSOCIATES INC, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 50% operating margin.

Mission

TO PROVIDE HOUSING TO LOW INCOME ELDERLY PERSONS.

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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 $1,725,844

Program Service Revenue $443,797

Investment Income $308,120

Other Revenue $0

TOTAL REVENUE $2,477,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $273,910

Fundraising Expenses $0

Program Expenses $894,847

Other Expenses $969,697

TOTAL EXPENSES $1,243,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,477,761	$2,128,924	+0.2%
Expenses	$1,243,607	$1,278,849	0.0%
Net Income	$1,234,154	$850,075	+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

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 MALONEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD AGOSTINELLI	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM CREEDON	DIRECTOR	1.00	Director	$0	$0	$0
ILEGRA EVANS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ELIZABETH FAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SANDERS	SECRETARY	1.00	Officer Director	$0	$0	$0
DOUGLAS DOMINGO-FORASTE	DIRECTOR	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
2025	No data	No data	No data	No data
2024	$2,477,761	$1,243,607	$8,827,468	$1,234,154
2023	$2,128,924	$1,278,849	$7,717,622	$850,075
2022	$1,989,480	$1,464,638	$7,067,850	$524,842
2021	$2,047,028	$1,154,749	$6,556,334	$892,279
2020	$1,379,541	$1,044,786	$5,719,817	$334,755
2019	$1,362,631	$1,037,698	$5,461,219	$324,933
2018	$1,288,069	$1,144,650	$5,246,109	$143,419

LAS TORRES INC C/O FALKENBERG/GILLIAM & ASSOCIATES INC