GOLDEN YEARS SENIOR APARTMENTS INC (EIN 954514156) - 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

1994

Legal Domicile

Principal Officer

BRUCE BLEAMAN

Phone

3103583485

Tax Period

2023-01-01 to 2023-12-31

GOLDEN YEARS SENIOR APARTMENTS INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION, ORGANIZED UNDER THE NOT FOR PROFIT STATUTES OF THE STATE OF CALIFORNIA AND KNOWN AS THE GOLDEN YEARS SENIOR APARTMENTS, INC., WAS FORMED FOR THE PURPOSE OF OPERATING A 91 HOUSING UNIT FOR LOW INCOME ELDERLY PERSONS IN NORTH HOLLYWOOD, CALIFORNIA. THE CORPORATION OPERATES PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO AND IS GOVERNED BY A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). THE PROJECT, THROUGH A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, PROVIDES SUBSIDIES SAFE, ADEQUATE HOUSING FACILITY TO ELIGIBLE 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 (2023)

Revenue Breakdown

Contributions & Grants $643,934

Program Service Revenue $361,321

Investment Income $34,125

Other Revenue $2,203

TOTAL REVENUE $1,041,583

Expense Breakdown

Grants Paid $5,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,095,478

Other Expenses $1,199,233

TOTAL EXPENSES $1,204,433

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,041,583	$989,092	+0.1%
Expenses	$1,204,433	$1,188,028	+0.0%
Net Income	$-162,850	$-198,936	-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	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE BLEAMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MORTY WEISHAR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARC E HOFFMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY BRAVERMAN	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL SOOKMAN	DIRECTOR	1.00	Director	$0	$0	$0
IRA STEINBERG	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
2024	No data	No data	No data	No data
2023	$1,041,583	$1,204,433	$5,435,041	$-162,850
2022	$989,092	$1,188,028	$5,505,263	$-198,936
2021	$1,015,961	$1,030,594	$5,774,933	$-14,633
2020	$1,011,078	$1,081,282	$5,833,710	$-70,204
2019	$928,736	$1,036,958	$5,944,309	$-108,222
2018	$876,662	$981,475	$6,027,501	$-104,813

GOLDEN YEARS SENIOR APARTMENTS INC