Malcolm X Apartments Inc (EIN 134118724) - 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

1999

Legal Domicile

Principal Officer

ROBERT MIDDLETON

Phone

7187400416

Tax Period

2024-01-01 to 2024-12-31

Malcolm X Apartments Inc, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $308K in total revenue in fiscal year 2024.

Mission

PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS

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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 $0

Investment Income $5,076

Other Revenue $-312,828

TOTAL REVENUE $-307,752

Expense Breakdown

Grants Paid $18,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,700

Other Expenses $0

TOTAL EXPENSES $18,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-307,752	$-139,868	+1.2%
Expenses	$18,700	$13,700	+0.4%
Net Income	$-326,452	$-153,568	+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

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	Role	Reportable Comp	Other Comp	Total
MILTON E WILLIAMS	Member	Director	$0	$0	$0
MONIQUE REESE	Member	Director	$0	$0	$0
HON GEORGE R DIXON	Treasurer	Director	$0	$0	$0
WALTER SMITH JR	Member	Director	$0	$0	$0
ALFRED TAITT	Member	Director	$0	$0	$0
ROBERT MIDDLETON	President	Officer	$0	$0	$0
JAMES B GULSTON SR	Secretary	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
2024	$-307,752	$18,700	$2,144,857	$-326,452
2023	$-139,868	$13,700	$2,312,498	$-153,568
2022	$-213,470	$22,700	$2,458,194	$-236,170
2021	$-152,537	$21,700	$2,599,726	$-174,237
2020	$-182,234	$23,700	$2,618,881	$-205,934
2019	$-160,399	$24,415	$2,249,002	$-184,814
2018	$-68,124	$22,790	$2,048,175	$-90,914

Malcolm X Apartments Inc