Providence, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OBED APARTMENTS INC, founded in 2005, is a small nonprofit in the Mental Health sector that reported $119K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $162K exceeded revenue, resulting in a 36% operating deficit.
Obed Apartments, Inc. (Obed) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs and to promote their health, security, and happiness.
To provide low-income housing and access to support services to people with physical and psychological challenges. Obed has a total of 10 units located in a condominium complex at 154 Obed Avenue in...
To provide low-income housing and access to support services to people with physical and psychological challenges. Obed has a total of 10 units located in a condominium complex at 154 Obed Avenue in North Providence, Rhode Island. The occupancy rate was 80% during the fiscal year covered in this return. There were 706 vacant days among the 10 units during the fiscal year covered in this return. The waiting list as of 6/30/25 consisted of 39 individuals.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $119,071 | $135,632 | -0.1% |
| Expenses | $162,056 | $172,425 | -0.1% |
| Net Income | $-42,985 | $-36,793 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Henry Sachs III | President | 1 |
Officer
Director
|
$0 | $49,367 | $612,588 |
| Scott DiChristofero | Former Officer | 0 |
|
$0 | $12,087 | $188,030 |
| Jay Burdick | Director | 0.05 |
Director
|
$0 | $0 | $0 |
| Nicole M Corbin | Secretary | 0.05 |
Officer
Director
|
$0 | $0 | $0 |
| Michael Hogan | Director | 0.05 |
Director
|
$0 | $0 | $0 |
| Pamela LaBreche | Vice Chair | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| Robert Mancini | Chair | 0.05 |
Officer
Director
|
$0 | $0 | $0 |
| Joseph K Sabetta | Treasurer | 0.05 |
Officer
Director
|
$0 | $0 | $0 |
| David White | Director | 0.1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $119,071 | $162,056 | $791,496 | $-42,985 |
| 2024 | No data | No data | No data | No data |
| 2023 | $124,781 | $185,570 | $834,040 | $-60,789 |
| 2022 | $133,705 | $177,614 | $849,051 | $-43,909 |
| 2021 | $130,478 | $173,932 | $853,869 | $-43,454 |
| 2020 | $133,570 | $148,256 | $864,856 | $-14,686 |
| 2019 | $133,731 | $203,620 | $896,167 | $-69,889 |
| 2018 | $111,350 | $150,344 | $882,592 | $-38,994 |
Compare OBED APARTMENTS INC with other nonprofits in Rhode Island and across the country.