SOUTHEAST AFFORDABLE PRESERVATION INC (EIN 273549467) - 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

2015

Legal Domicile

Principal Officer

DARRIN WILLARD

Phone

9494439101

Tax Period

2023-01-01 to 2023-12-31

SOUTHEAST AFFORDABLE PRESERVATION INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $98K in total revenue in fiscal year 2023. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 26% operating deficit.

Mission

OUR MISSION IS TO CREATE SAFE, COMFORTABLE, HIGH-QUALITY HOMES THAT UPLIFT THE LIVES OF OUR RESIDENTS AND ENHANCE THE SURROUNDING NEIGHBORHOODS. WE FOCUS ON THE FINANCIAL AND ENVIRONMENTAL SUSTAINABILITY OF EACH OF OUR RESIDENTIAL COMMUNITIES, ALLOWING US TO BUILD COMFORTABLE, AFFORDABLE HOMES FOR THOSE WHO NEED IT MOST.

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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 $36,315

Program Service Revenue $61,539

Investment Income $364

Other Revenue $0

TOTAL REVENUE $98,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $998

Other Expenses $123,278

TOTAL EXPENSES $123,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,218	$1,817,398	-0.9%
Expenses	$123,278	$21,072	+4.9%
Net Income	$-25,060	$1,796,326	-1.0%

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

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

$2,278,658

Total Directors

$903,377

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRIN WILLARD	PRESIDENT	1.00	Officer Director	$0	$75,064	$903,377
SHIGE ITOH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BROWN	DIRECTOR	1.00	Director	$0	$0	$0
TIM HOSE	DIRECTOR	1.00	Director	$0	$0	$0
TARUN CHANDRAN	VICE PRESIDENT AND SECRETARY (NOT A DIRECTOR)	1.00	Officer	$0	$53,378	$660,918
MELISSA VINCENT	VICE PRESIDENT AND TREASURER (NOT A DIRECTOR)	1.00	Officer	$0	$50,179	$462,110
MEI LUU	VICE PRESIDENT AND ASSISTANT SECRETARY (NOT A DIRE	1.00	Officer	$0	$41,016	$252,253

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	$98,218	$123,278	$1,820,168	$-25,060
2022	$1,817,398	$21,072	$1,841,553	$1,796,326
2021	$414,419	$725,236	$48,627	$-310,817
2020	$7,206,548	$5,723,764	$359,725	$1,482,784
2019	$3,325,316	$3,472,625	$17,737,437	$-147,309
2018	$3,164,276	$3,716,411	$18,035,446	$-552,135

SOUTHEAST AFFORDABLE PRESERVATION INC