TANGLEWOOD APARTMENTS INC

EIN: 264357864 501(c)(3) Housing & Shelter

MELBOURNE, AR

Total Revenue
$81,632
Total Expenses
$103,604
Total Assets
$854,390
Net Assets
$847,577
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
AR
Principal Officer
KATY BLEVINS
Phone
8703685200
Tax Period
2024-07-01 to 2025-06-30

TANGLEWOOD APARTMENTS INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $59K in total revenue in fiscal year 2018. Expenses of $88K exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROVIDE HOUSING TO LOW INCOME INDIVIDUALS USING FEDERAL ASSISTANCE THROUGH HUD.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,245
Program Service Revenue $50,245
Investment Income $142
Other Revenue $0
TOTAL REVENUE $81,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $98,264
Other Expenses $103,604
TOTAL EXPENSES $103,604

Year-over-Year Comparison

2024 2023 Change
Revenue $81,632 $75,181 +0.1%
Expenses $103,604 $102,202 +0.0%
Net Income $-21,972 $-27,021 -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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE CONE PRESIDENT N/A
Director
$0 $0 $0
BRIDGET MCSPADDEN DIRECTOR N/A
Director
$0 $0 $0
MATT RUSH DIRECTOR N/A
Director
$0 $0 $0
KATY BLEVINS EXECUTIVE DI 2.00
Officer
$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 $81,632 $103,604 $854,390 $-21,972
2024 $75,181 $102,202 $878,042 $-27,021
2023 $66,851 $102,241 $910,950 $-35,390
2022 $62,598 $98,171 $941,307 $-35,573
2021 $62,028 $96,696 $972,782 $-34,668
2020 $61,040 $89,401 $1,007,809 $-28,361
2019 $58,813 $88,357 $1,035,868 $-29,544
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