MOREHOUSE SENIOR APARTMENTS INC (EIN 010869176) - 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

2006

Legal Domicile

Principal Officer

DELORIS HAMLIN

Phone

3182830845

Tax Period

2024-07-01 to 2025-06-30

MOREHOUSE SENIOR APARTMENTS INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $84K in total revenue in fiscal year 2024. Expenses of $121K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR VERY LOW-INCOME ELDERLY PERSONS OR VERY LOW-INCOME PERSONS WITH DISABILITIES.

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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 $84,358

Investment Income $72

Other Revenue $0

TOTAL REVENUE $84,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,271

Fundraising Expenses $0

Program Expenses $104,761

Other Expenses $101,815

TOTAL EXPENSES $121,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,430	$85,999	0.0%
Expenses	$121,086	$126,278	0.0%
Net Income	$-36,656	$-40,279	-0.1%

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
WILLIAM ALEXANDER	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DELORIS HAMLIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
RD DEFREESE JR	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
SUSAN MUSGROVE	BOARD MEMBER	N/A	Director	$0	$0	$0
DELLA ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
BRUCE ROGERS	BOARD MEMBER	N/A	Director	$0	$0	$0
IVORY SMITH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ZENOBIA WILLIAMS	BOARD MEMBER	N/A	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	$84,430	$121,086	$629,692	$-36,656
2024	$85,999	$126,278	$654,216	$-40,279
2023	$82,275	$106,110	$679,121	$-23,835
2022	$87,385	$134,813	$715,973	$-47,428
2021	$76,100	$109,578	$745,754	$-33,478
2020	$88,458	$113,706	$782,535	$-25,248
2019	$92,500	$107,520	$807,532	$-15,020
2018	$89,418	$113,639	$825,568	$-24,221

MOREHOUSE SENIOR APARTMENTS INC