CANOGA APARTMENTS CORPORATION (EIN 956101247) - 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

1961

Legal Domicile

Phone

8182541424

Tax Period

2024-10-01 to 2025-09-30

CANOGA APARTMENTS CORPORATION, founded in 1961, is a small nonprofit in the Housing & Shelter sector that reported $259K in total revenue in fiscal year 2024. The organization ran a surplus of $109K, a strong 42% operating margin.

Mission

To encourage economic development that will primarily benefit low and moderate income communities.

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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 $180,480

Investment Income $78,090

Other Revenue $0

TOTAL REVENUE $258,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,710

Other Expenses $149,898

TOTAL EXPENSES $149,898

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,570	$265,225	0.0%
Expenses	$149,898	$104,371	+0.4%
Net Income	$108,672	$160,854	-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

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
Howard Hudson	President	0.10	Officer Director	$0	$0	$0
Christopher Jones	Vice President	0.10	Officer Director	$0	$0	$0
Margol Kennison	Secretary	0.10	Officer Director	$0	$0	$0
Karen Ingram	Director	0.05	Director	$0	$0	$0
Donnicus L Cook	Director	0.05	Director	$0	$0	$0
Joseph Miller	Asst. Treasurer	1.00	Officer	$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	$258,570	$149,898	$6,179,795	$108,672
2024	$265,225	$104,371	$6,071,123	$160,854
2023	$190,807	$95,609	$5,910,019	$95,198
2022	$183,106	$175,546	$5,814,821	$7,560
2021	$181,955	$176,803	$5,806,761	$5,152
2020	$183,399	$157,295	$5,800,109	$26,104
2019	$188,457	$132,943	$5,774,255	$55,514
2018	$184,929	$141,083	$5,718,991	$43,846

CANOGA APARTMENTS CORPORATION