MARGARET WAGNER APARTMENTS II INC

EIN: 264430804 501(c)(3) Housing & Shelter

CLEVELAND HEIGHTS, OH

Total Revenue
$-2,586,360
Total Expenses
$238,279
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
OH
Principal Officer
ORION H BELL
Phone
2163731602
Tax Period
2023-01-01 to 2023-12-31

MARGARET WAGNER APARTMENTS II INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 806% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LOW-INCOME HOUSING, UNDER HUD SECTION 202 PROVISIONS, TO ELDERLY PEOPLE. THERE ARE 36 RENTAL UNITS AVAILABLE FOR THIS PURPOSE.

Program Service Accomplishments

Program 1
Expenses: $223,564 Revenue: $148,845

MW APARTMENTS OFFER INDEPENDENT, SUPPORTIVE HOUSING FOR LOW-INCOME OLDER ADULTS AGES 62 AND OLDER (ALL RESIDENTS QUALIFY AS LOW-INCOME PER HUD GUIDELINES). THE APARTMENTS ARE SUBSIDIZED UNDER THE...

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MW APARTMENTS OFFER INDEPENDENT, SUPPORTIVE HOUSING FOR LOW-INCOME OLDER ADULTS AGES 62 AND OLDER (ALL RESIDENTS QUALIFY AS LOW-INCOME PER HUD GUIDELINES). THE APARTMENTS ARE SUBSIDIZED UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM. THERE ARE 36 RENTAL UNITS AVAILABLE FOR THIS PURPOSE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $146,912
Investment Income $-2,735,205
Other Revenue $1,933
TOTAL REVENUE $-2,586,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,346
Fundraising Expenses $0
Program Expenses $223,564
Other Expenses $163,933
TOTAL EXPENSES $238,279

Year-over-Year Comparison

2023 2022 Change
Revenue $-2,586,360 $366,323 -8.1%
Expenses $238,279 $457,441 -0.5%
Net Income $-2,824,639 $-91,118 +30.0%
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
7
Independent Members
3
Employees
N/A
Volunteers
3

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
6
$732,416
Total Directors
7
$839,586
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ORION H BELL IV PRESIDENT & CEO 1.0
Officer Director
$0 $29,437 $342,411
MARY MARITA SR VP & COO 2.0
Officer Director
$0 $24,921 $200,011
JANICE BRENNAN SR. VP & CFO 1.0
Officer Director
$0 $19,720 $189,994
BETH SIPPLE BOARD MEMBER 1.0
Director
$0 $13,922 $107,170
PATRICIA R FRUTIG JD CHAIR 1.0
Officer Director
$0 $0 $0
CONNIE HILL-JOHNSON SECRETARY 1.0
Officer Director
$0 $0 $0
LORI LOZIER MSSA LISW-S LNHA VICE CHAIR 1.0
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
2023 $-2,586,360 $238,279 No data $-2,824,639
2022 $366,323 $457,441 $4,125,217 $-91,118
2021 $371,635 $450,393 $4,209,000 $-78,758
2020 $367,696 $459,790 $4,193,516 $-92,094
2019 $357,260 $480,442 $4,278,358 $-123,182
2018 $358,301 $440,295 $4,178,336 $-81,994
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