RICHARD WALZ APARTMENTS INC (EIN 264592409) - 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

2009

Principal Officer

CHI CHEUNG

Tax Period

2023-07-01 to 2024-06-30

RICHARD WALZ APARTMENTS INC, founded in 2009, is a micro nonprofit in the Mental Health sector that reported $81K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $97K exceeded revenue, resulting in a 20% operating deficit.

Mission

RICHARD WALZ APARTMENTS, INC. (THE ORGANIZATION) IS A TEN BED RESIDENTIAL FACILITY, WITH NINE SUBSIDIZED UNITS. THE ORGANIZATION'S PROJECT PROVIDES SUPPORTIVE HOUSING FOR PERSONS WITH CHRONIC MENTAL HEALTH DISABILITIES. THE FACILITY IS LOCATED IN JEFFERSON CITY, MISSOURI. THE ORGANIZATION'S PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE ORGANIZATION'S MAJOR PROGRAM IS ITS SECTION 811 CAPITAL ADVANCE AND THE RELATED PROJECT RENTAL ASSISTANCE CONTRACT (PRAC).

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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 $49,428

Program Service Revenue $31,565

Investment Income $40

Other Revenue $0

TOTAL REVENUE $81,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,762

Fundraising Expenses $0

Program Expenses $64,262

Other Expenses $79,426

TOTAL EXPENSES $97,188

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,033	$66,820	+0.2%
Expenses	$97,188	$93,409	+0.0%
Net Income	$-16,155	$-26,589	-0.4%

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

$319,364

Total Directors

$319,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHI CHEUNG	PRESIDENT	0.25	Officer Director	$0	$7,448	$190,303
ANDREA CHEUNG	SECRETARY	0.25	Officer Director	$0	$12,567	$129,061
GREG BOWMAN	DIRECTOR	0.10	Director	$0	$0	$0
STEPHEN BUCHHOLZ	DIRECTOR	0.10	Director	$0	$0	$0
JEREMY CHEUNG	DIRECTOR	0.10	Director	$0	$0	$0
CANDACE TREAT	DIRECTOR	0.10	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	$81,033	$97,188	$975,072	$-16,155
2023	$66,820	$93,409	$1,009,972	$-26,589
2022	$64,526	$90,704	$1,032,255	$-26,178
2021	$59,774	$84,973	$1,053,013	$-25,199
2020	$59,801	$84,249	$1,080,130	$-24,448
2019	$59,507	$87,534	$1,101,676	$-28,027

RICHARD WALZ APARTMENTS INC