INEZ APARTMENTS INC

EIN: 201835268 501(c)(3) Housing & Shelter

Prestonsburg, KY

Total Revenue
$142,672
Total Expenses
$188,975
Total Assets
$1,461,082
Net Assets
$1,448,334
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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
2004
Legal Domicile
KY
Principal Officer
ERIC RATLIFF
Tax Period
2023-07-01 to 2024-06-30

INEZ APARTMENTS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $143K in total revenue in fiscal year 2023. Expenses of $189K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDED HOUSING FOR LOW INCOME ELDERLY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $136,815
Investment Income $5,857
Other Revenue $0
TOTAL REVENUE $142,672

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,695
Fundraising Expenses $0
Program Expenses $188,975
Other Expenses $156,280
TOTAL EXPENSES $188,975

Year-over-Year Comparison

2023 2022 Change
Revenue $142,672 $136,658 +0.0%
Expenses $188,975 $202,837 -0.1%
Net Income $-46,303 $-66,179 -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

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Governance

Voting Members
5
Independent Members
5
Employees
4
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BUTLER PRESIDENT 2
Officer
$0 $0 $0
DIANE THACKER VP 2
Officer
$0 $0 $0
ERIC RATLIFF SEC/TREAS 2
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 No data No data No data No data
2024 $142,672 $188,975 $1,461,082 $-46,303
2023 $136,658 $202,837 $1,505,472 $-66,179
2022 $127,373 $176,852 $1,569,135 $-49,479
2021 $137,779 $175,911 $1,617,861 $-38,132
2020 $115,202 $169,895 $1,658,371 $-54,693
2019 $120,256 $160,297 $1,720,510 $-40,041
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