ABUNDANT LIFE APARTMENTS INC C/O NEW HORIZON PROPERTY MGMT INC (EIN 204715413) - 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

REVEREND BENNIE L CLEVELAND

Phone

4143553605

Tax Period

2021-01-01 to 2021-12-31

ABUNDANT LIFE APARTMENTS INC C/O NEW HORIZON PROPERTY MGMT INC, founded in 2006, is a small nonprofit that reported $162K in total revenue in fiscal year 2021. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $259K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PROVIDE HOUSING FOR ELDERLY 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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $115,914

Investment Income $107

Other Revenue $46,185

TOTAL REVENUE $162,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,972

Other Expenses $258,619

TOTAL EXPENSES $258,619

Year-over-Year Comparison

	2021	2020	Change
Revenue	$162,206	$114,776	+0.4%
Expenses	$258,619	$193,142	+0.3%
Net Income	$-96,413	$-78,366	+0.2%

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
ELMA L CLEVELAND	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
REVEREND BENNIE L CLEVELAND	PRESIDENT	N/A	Officer Director	$0	$0	$0
MELODY D ELLISON	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
STEVEN ELLISON	DIRECTOR	N/A	Director	$0	$0	$0
EUGENE PITCHFORD III	DIRECTOR	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
2021	$162,206	$258,619	$1,623,497	$-96,413
2020	$114,776	$193,142	$1,709,330	$-78,366
2019	$109,996	$205,909	$1,791,727	$-95,913
2018	$106,567	$200,424	$1,887,662	$-93,857

ABUNDANT LIFE APARTMENTS INC C/O NEW HORIZON PROPERTY MGMT INC