FARRELL-BELL SENIOR HOUSING APARTMENTS INC (EIN 261837410) - 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

TD ROBINSON

Phone

3175428200

Tax Period

2023-01-01 to 2023-12-31

FARRELL-BELL SENIOR HOUSING APARTMENTS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $395K in total revenue in fiscal year 2023. Expenses of $573K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING TO LOW-INCOME SENIOR CITIZENS.

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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 $387,817

Investment Income $41

Other Revenue $7,547

TOTAL REVENUE $395,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,432

Fundraising Expenses $0

Program Expenses $498,496

Other Expenses $426,383

TOTAL EXPENSES $572,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,405	$368,597	+0.1%
Expenses	$572,815	$616,491	-0.1%
Net Income	$-177,410	$-247,894	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAROLD HERNDON	MEMBER	0.50	Director	$0	$0	$0
DELBERT PICKENS	MEMBER	0.50	Director	$0	$0	$0
REVEREND TD ROBINSON	PRESIDENT	0.50	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	$395,405	$572,815	$2,604,059	$-177,410
2022	$368,597	$616,491	$2,791,903	$-247,894
2021	$381,088	$543,094	$3,011,583	$-162,006
2020	$361,777	$498,609	$3,169,010	$-136,832
2019	$341,327	$490,392	$3,315,771	$-149,065
2018	$325,623	$485,179	$3,470,749	$-159,556

FARRELL-BELL SENIOR HOUSING APARTMENTS INC