FRIENDSVVA APARTMENTS INC

EIN: 311275157 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$206,573
Total Expenses
$285,714
Total Assets
$1,438,335
Net Assets
$-373,148
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OH
Principal Officer
VALORIE SCHWARZMANN
Phone
6142218889
Tax Period
2025-01-01 to 2025-12-31

FRIENDSVVA APARTMENTS INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $207K in total revenue in fiscal year 2025. Expenses of $286K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE SAFE AND CLEAN LOW INCOME HOUSING FOR THE PHYSICALLY CHALLENGED AND ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $265,749 Revenue: $205,086

PROVIDED SAFE AND CLEAN LOW INCOME HOUSING FOR THE PHYSICALLY CHALLENGED AND ELDERLY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $205,086
Investment Income $1,487
Other Revenue $0
TOTAL REVENUE $206,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,959
Fundraising Expenses $0
Program Expenses $265,749
Other Expenses $269,755
TOTAL EXPENSES $285,714

Year-over-Year Comparison

2025 2024 Change
Revenue $206,573 $199,654 +0.0%
Expenses $285,714 $297,950 0.0%
Net Income $-79,141 $-98,296 -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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
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
3
$652,462
Total Directors
3
$652,462
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALORIE G SCHWARZMANN DIRECTOR/TREASURER/VICE PR 2.00
Officer Director
$0 $11,076 $210,488
LEAH F EVANS DIRECTOR/PRESIDENT 2.00
Officer Director
$0 $28,097 $281,777
AARON WASSERMAN DIRECTOR/SECRETARY/VICE PR 2.00
Officer Director
$0 $0 $160,197
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 $206,573 $285,714 $1,438,335 $-79,141
2024 $199,654 $297,950 $1,544,526 $-98,296
2023 $216,011 $292,306 $1,662,413 $-76,295
2022 $168,284 $213,287 $1,703,622 $-45,003
2021 $190,783 $166,262 $1,062,402 $24,521
2020 $197,345 $163,081 $329,523 $34,264
2019 $195,371 $188,820 $314,719 $6,551
2018 $190,725 $157,657 $337,234 $33,068
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