Sunset Apartments Housing Corporation (EIN 954582657) - 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

Sunset Apartments Housing Corporation, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $587K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $702K exceeded revenue, resulting in a 20% operating deficit.

Mission

Providing affordable housing to persons with low income.

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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 $520,757

Investment Income $36

Other Revenue $66,480

TOTAL REVENUE $587,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,456

Fundraising Expenses $0

Program Expenses $687,967

Other Expenses $626,407

TOTAL EXPENSES $701,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$587,273	$2,267,222	-0.7%
Expenses	$701,863	$639,973	+0.1%
Net Income	$-114,590	$1,627,249	-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

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	5.00	Officer	$0	$0	$0
Carlos Ludena	President/CEO	2.00	Officer Director	$0	$0	$0
Gabriela Gaidan	Secretary	2.00	Officer Director	$0	$0	$0
Pablo Ariel Vargas	CFO	2.00	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	$587,273	$701,863	$4,592,183	$-114,590
2023	$2,267,222	$639,973	$4,859,834	$1,627,249
2022	$669,066	$664,275	$3,120,383	$4,791
2021	$652,646	$784,904	$3,097,815	$-132,258
2020	$664,028	$565,528	$3,254,637	$98,500

Sunset Apartments Housing Corporation