COLLINS NON-PROFIT APARTMENTS INC (EIN 222585796) - 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

1984

Legal Domicile

Principal Officer

CINDY LAMB

Phone

5867539002

Tax Period

2024-07-01 to 2025-06-30

COLLINS NON-PROFIT APARTMENTS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 13% surplus.

Mission

TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.

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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 $2,316,056

Program Service Revenue $521,910

Investment Income $75,952

Other Revenue $3,492

TOTAL REVENUE $2,917,410

Expense Breakdown

Grants Paid $308,332

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,229,513

Other Expenses $2,232,716

TOTAL EXPENSES $2,541,048

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,917,410	$2,804,811	+0.0%
Expenses	$2,541,048	$6,089,043	-0.6%
Net Income	$376,362	$-3,284,232	-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

N/A

Volunteers

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

$613,148

Total Directors

$613,148

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERYLE MOREY	PRESIDENT	0.10	Officer Director	$0	$0	$0
MARY DALESSANDRO	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JERI DRAUGHON	SECRETARY	0.10	Officer Director	$0	$0	$0
SHIRLEY MORELAND	TREASURER	0.10	Officer Director	$0	$0	$0
CINDY LAMB	ASSISTANT TREASURER	0.10	Officer Director	$0	$38,191	$245,105
ANNE SACKRISON	ASSISTANT SECRETARY	0.10	Officer Director	$0	$69,471	$368,043
GERALD MAHOM JR	DIRECTOR	0.10	Director	$0	$0	$0
DEANIE ROBINSON	DIRECTOR	0.10	Director	$0	$0	$0
GLORIA HARRIS	DIRECTOR	0.10	Director	$0	$0	$0
CATHERINE POWELL	DIRECTOR	0.10	Director	$0	$0	$0
ETHEL YOUNG	DIRECTOR	0.10	Director	$0	$0	$0
GINA CARTER	DIRECTOR	0.10	Director	$0	$0	$0
DARLA HUTTINGER	REGIONAL MANAGER	0.10	Highest	$0	$43,767	$220,392
MARGUERITE D ANGELO	REGIONAL MANAGER	0.10	Highest	$0	$28,825	$213,583
DIANE SMITH	NATIONAL DEVELOPMENT MANAGER	0.10	Highest	$0	$55,737	$259,515
MEL HUDSON	NATIONAL CONSTRUCTION MANAGER	0.10	Highest	$0	$66,377	$269,361
TIM BRAUNSCHEIDAL	CHIEF OPERATIONS OFFICER	0.10	Highest	$0	$54,786	$242,844
ANNIE MITCHELL	FORMER PRESIDENT	0.10	Officer Director	$0	$0	$0
GLORIA PARRIS	FORMER VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JUDY ROBERTS	FORMER DIRECTOR	0.10	Director	$0	$0	$0
MARIETTA MARTIN	FORMER DIRECTOR	0.10	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	$2,917,410	$2,541,048	$9,053,455	$376,362
2024	$2,804,811	$6,089,043	$8,918,281	$-3,284,232
2023	$2,379,817	$5,527,685	$12,815,894	$-3,147,868
2022	$1,573,013	$1,599,031	$2,648,968	$-26,018
2021	$1,536,365	$1,533,062	$2,800,062	$3,303
2020	$1,602,561	$1,508,410	$2,862,158	$94,151
2019	$1,587,198	$1,548,277	$2,908,562	$38,921

COLLINS NON-PROFIT APARTMENTS INC