Dunbar Heritage Apartments Inc (EIN 261511599) - 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

2007

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Dunbar Heritage Apartments Inc, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $73K in total revenue in fiscal year 2023. Expenses of $117K exceeded revenue, resulting in a 59% operating deficit.

Mission

To provide 14 low income housing units for elderly under Section 202 of the National Housing Act.

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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 $36,104

Program Service Revenue $32,561

Investment Income $36

Other Revenue $4,647

TOTAL REVENUE $73,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,663

Fundraising Expenses $0

Program Expenses $111,034

Other Expenses $93,971

TOTAL EXPENSES $116,634

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,348	$74,430	0.0%
Expenses	$116,634	$110,127	+0.1%
Net Income	$-43,286	$-35,697	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Thompson	Board Member	1.00	Director	$0	$0	$0
David Mordy	Board Member	1.00	Director	$0	$0	$0
JD Spohn	SecretaryTreasurer	1.00	Officer Director	$0	$0	$0
Allen Leaird	Chairman	1.00	Officer 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	$73,348	$116,634	$652,222	$-43,286
2022	$74,430	$110,127	$694,361	$-35,697
2021	$58,014	$108,912	$730,347	$-50,898
2020	$65,416	$111,497	$774,431	$-46,081
2019	$72,604	$113,285	$818,826	$-40,681
2018	$66,195	$105,273	$859,613	$-39,078

Dunbar Heritage Apartments Inc