Mid-Wilshire Apartments Housing Corp (EIN 954582645) - 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

Gloria Farias

Phone

2137472790

Tax Period

2024-01-01 to 2024-12-31

Mid-Wilshire Apartments Housing Corp, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $617K in total revenue in fiscal year 2024. Expenses of $775K exceeded revenue, resulting in a 26% operating deficit.

Mission

Affordable housing to low income individuals and 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $617,243

Investment Income $149

Other Revenue $0

TOTAL REVENUE $617,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,327

Fundraising Expenses $0

Program Expenses $761,621

Other Expenses $689,032

TOTAL EXPENSES $775,359

Year-over-Year Comparison

	2024	2023	Change
Revenue	$617,392	$602,312	+0.0%
Expenses	$775,359	$679,306	+0.1%
Net Income	$-157,967	$-76,994	+1.1%

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
Gloria Farias	Executive Director	2.00	Officer	$0	$0	$0
MARLON TRIGUEROS	Chief Finance Officer/Secretary	1.00	Officer Director	$0	$0	$0
JULIO VARGAS	Chief Executive Officer	1.00	Officer 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	$617,392	$775,359	$2,439,261	$-157,967
2023	$602,312	$679,306	$2,352,741	$-76,994
2022	$586,299	$780,918	$2,414,713	$-194,619
2021	$590,694	$546,092	$2,328,968	$44,602
2020	$569,206	$516,617	$2,293,887	$52,589

Mid-Wilshire Apartments Housing Corp