REST EASY APARTMENTS INC

EIN: 237431669

GALLATIN, MO

Total Revenue
$220,868
Total Expenses
$214,935
Total Assets
$278,376
Net Assets
$187,625
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1975
Legal Domicile
MO
Principal Officer
CANDY HUGHES
Phone
6606632692
Tax Period
2023-01-01 to 2023-12-31

REST EASY APARTMENTS INC, founded in 1975, is a small nonprofit that reported $221K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

To provide low-cost housing in the rural community under the guidance of the USDA Rural Development Rural Housing Service to persons eligible based upon age and income requirements. Rental assistance in addition to tenants rents is received from Rural Housng Services and the Dept of Housing and Urban Development HUD.

Program Service Accomplishments

Program 1
Expenses: $178,420 Revenue: $220,868

Tenants rents received and related revenues for low income and elderly housing. Expenses related to conducting housing operations for the low income elderly complex.

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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 $215,990
Investment Income $151
Other Revenue $4,727
TOTAL REVENUE $220,868

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,414
Fundraising Expenses $0
Program Expenses $178,420
Other Expenses $186,521
TOTAL EXPENSES $214,935

Year-over-Year Comparison

2023 2022 Change
Revenue $220,868 $181,179 +0.2%
Expenses $214,935 $206,985 +0.0%
Net Income $5,933 $-25,806 -1.2%
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

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Governance

Voting Members
7
Independent Members
7
Employees
1
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
4
$0
Total Directors
9
$26,400
Key Employees
3
$26,400
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CANDY HUGHES MANAGER 030.00
Director Key Emp
$26,400 $0 $26,400
NANCY BRUNE PRESIDENT 002.00
Officer Director
$0 $0 $0
WENDY CANNELL VICE-PRES. 002.00
Officer Director
$0 $0 $0
CANDY HUGHES SECRETARY 003.00
Officer Director Key Emp
$0 $0 $0
CANDY HUGHES TREASURER 001.00
Officer Director Key Emp
$0 $0 $0
RICK ALBRECHT DIRECTOR 001.00
Director
$0 $0 $0
JUDY RAMSBOTTOM DIRECTOR 001.00
Director
$0 $0 $0
GALEN WILSON DIRECTOR 001.00
Director
$0 $0 $0
VICKI BURNS DIRECTOR 001.00
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
2024 No data No data No data No data
2023 $220,868 $214,935 $278,376 $5,933
2022 $181,179 $206,985 $280,121 $-25,806
2021 $181,097 $200,828 $311,826 $-19,731
2020 $184,460 $194,256 $338,883 $-9,796
2019 $174,724 $187,871 $355,429 $-13,147
2018 $174,952 $182,687 $375,893 $-7,735
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