FRIENDS APARTMENT HOMES INC (EIN 237437199) - 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

1968

Legal Domicile

Principal Officer

Della Stanley-Green

Phone

3178397846

Tax Period

2023-01-01 to 2023-12-31

FRIENDS APARTMENT HOMES INC, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 17% operating margin.

Mission

To operate and maintain housing for people over 55 and to promote their health, welfare, security, freedom, happiness and usefulness in society.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $158,821

Investment Income $0

Other Revenue $47,794

TOTAL REVENUE $206,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,841

Fundraising Expenses $0

Program Expenses $158,823

Other Expenses $159,209

TOTAL EXPENSES $171,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,615	$147,279	+0.4%
Expenses	$171,050	$143,421	+0.2%
Net Income	$35,565	$3,858	+8.2%

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

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

$11,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathy Clendineng	Manager	20	Key Emp Highest	$11,000	$0	$11,000
John Heshelman	Board Member	2	Director	$0	$0	$0
Scott Walton	Board Member	2	Director	$0	$0	$0
Mike Goss	Baord member	2	Director	$0	$0	$0
Della Stanley-Green	Board President	2	Director	$0	$0	$0
Laura Brown	Board Member	2	Director	$0	$0	$0
Jay Newlin	Board member	2	Director	$0	$0	$0
Tim Yale	Board member	2	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$206,615	$171,050	$1,442,051	$35,565
2022	$147,279	$143,421	$1,406,486	$3,858
2021	$152,986	$158,866	$1,267,128	$-5,880
2020	$144,418	$134,215	$1,293,023	$10,203
2019	$144,848	$147,713	$1,267,541	$-2,865

FRIENDS APARTMENT HOMES INC