APPLETREE HOUSING INC (EIN 232965144) - 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

1997

Legal Domicile

Principal Officer

THOMAS AK QUEENAN

Phone

2157488750

Tax Period

2024-07-01 to 2025-06-30

APPLETREE HOUSING INC, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $70K in total revenue in fiscal year 2024. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $146K exceeded revenue, resulting in a 107% operating deficit.

Mission

APPLETREE HOUSING, INC PROVIDES AFFORDABLE HOUSING FOR LOW INCOME, SINGLE PARENT, FORMERLY HOMELESS FAMILIES WHO ARE STRIVING TO BREAK THE GENERATIONAL CYCLE OF POVERTY BY PURSUING GOALS FOCUSED ON EDUCATION, PARENTING, FINANCING AND EMPLOYMENT AND PERSONAL DEVELOPMENT.

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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 $60,000

Program Service Revenue $10,161

Investment Income $0

Other Revenue $12

TOTAL REVENUE $70,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,364

Fundraising Expenses $0

Program Expenses $135,048

Other Expenses $131,230

TOTAL EXPENSES $145,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,173	$26,462	+1.7%
Expenses	$145,594	$310,758	-0.5%
Net Income	$-75,421	$-284,296	-0.7%

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

N/A

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

$1,080,252

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS AK QUEENAN	PRESIDENT & CEO	1.00	Officer	$0	$10,357	$329,181
ROBERT H KWAIT	ASSISTANT SECRETARY, VP	1.00	Officer	$0	$36,354	$256,442
MARK DEITCHER	ASSISTANT TREASURER, VP	1.00	Officer	$0	$35,926	$255,460
CHIP DARLING	VICE PRESIDENT & COO	1.00	Officer	$0	$35,966	$239,169

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	$70,173	$145,594	$835,142	$-75,421
2024	$26,462	$310,758	$768,846	$-284,296
2023	$91,849	$179,669	$916,673	$-87,820
2022	$358,869	$233,252	$910,137	$125,617
2021	$134,278	$192,448	$859,707	$-58,170
2020	$103,192	$141,328	$813,337	$-38,136
2019	$124,440	$171,573	$817,412	$-47,133
2018	$146,395	$206,107	$1,068,367	$-59,712

APPLETREE HOUSING INC