NELDA PLACE APARTMENTS INC (EIN 261544494) - 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

Principal Officer

DELORIS HAMLIN

Phone

3182830845

Tax Period

2023-07-01 to 2024-06-30

NELDA PLACE APARTMENTS INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $96K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $131K exceeded revenue, resulting in a 37% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR VERY LOW-INCOME ELDERLY PERSONS OR VERY LOW-INCOME PERSONS WITH DISABILITIES.

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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 $95,678

Investment Income $44

Other Revenue $0

TOTAL REVENUE $95,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,137

Fundraising Expenses $0

Program Expenses $113,804

Other Expenses $101,251

TOTAL EXPENSES $131,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,722	$84,739	+0.1%
Expenses	$131,388	$131,414	0.0%
Net Income	$-35,666	$-46,675	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM ALEXANDER	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
DELORIS HAMLIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
RD DEFREESE JR	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
SUSAN MUSGROVE	BOARD MEMBER	N/A	Director	$0	$0	$0
DELLA ROBINSON	BOARD MEMBER	N/A	Director	$0	$0	$0
BRUCE ROGERS	BOARD MEMBER	N/A	Director	$0	$0	$0
IVORY SMITH	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ZENOBIA WILLIAMS	BOARD MEMBER	N/A	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	$95,722	$131,388	$819,907	$-35,666
2023	$84,739	$131,414	$849,998	$-46,675
2022	$79,279	$132,054	$899,992	$-52,775
2021	$81,800	$115,716	$946,551	$-33,916
2020	$78,701	$123,747	$989,334	$-45,046
2019	$83,327	$104,840	$1,033,854	$-21,513
2018	$83,800	$115,424	$1,061,478	$-31,624

NELDA PLACE APARTMENTS INC