COLUMBIA, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SANDSTONE APARTMENTS INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $186K in total revenue in fiscal year 2025. Revenue grew 20% year-over-year, indicating healthy expansion.
THE PROJECT WAS ESTABLISHED AS A NON-PROFIT CORPORATION PURSUANT TO THE LAWS AND REGULATIONS OF THE STATE OF SOUTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A 20-UNIT APARTMENT PROJECT FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES LOCATED IN COLUMBIA, SOUTH CAROLINA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO HAS A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. THE PROJECT IS OPERATED BY MENTAL ILLNESS RECOVERY CENTER, INC. (MIRCI), A NONPROFIT CORPORATION THAT PROVIDES SOCIAL REHABILITATION FOR INDIVIDUALS IN THE COLUMBIA AREA WHO HAVE MENTAL ILLNESS AND/OR EMOTIONAL PROBLEMS AND IS RELATED BY COMMON CONTROL AND MANAGEMENT.
TO PROVIDE HOUSING AND RELATED SERVICES TO LOW INCOME INDIVIDUALS WITH MENTAL DISABILITIES
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $186,486 | $155,534 | +0.2% |
| Expenses | $192,167 | $175,034 | +0.1% |
| Net Income | $-5,681 | $-19,500 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Julie Ann Avin | President | 4.00 |
Officer
|
$0 | $0 | $205,505 |
| Susan O'Neal | Treasurer | 4.00 |
Officer
|
$0 | $0 | $141,404 |
| Julie Miller | Secretary | 4.00 |
Officer
|
$0 | $0 | $138,451 |
| Shawn Caraballo | COO | 1.00 |
Officer
|
$0 | $0 | $74,321 |
| Lucy Easler | President & CEO | 4.00 |
Officer
|
$0 | $0 | $8,357 |
| Allison Farrell | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Elizabeth Harmon | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Tywana Chenault Hemby | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Ashley W Johnson | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Merrell Johnson | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Mary Winter Teaster | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Mike Kelly | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Melanie Matthews | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Troy Washington | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Ronny Burkett | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Olivette Ford | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Shannon Tallent | Vice Chair | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $186,486 | $192,167 | $548,160 | $-5,681 |
| 2024 | No data | No data | No data | No data |
| 2023 | $152,629 | $173,669 | $553,545 | $-21,040 |
| 2022 | $137,069 | $176,641 | $568,484 | $-39,572 |
| 2021 | $129,046 | $166,630 | $590,415 | $-37,584 |
| 2020 | $122,984 | $156,423 | $613,998 | $-33,439 |
| 2020 | $122,984 | $156,426 | $613,999 | $-33,442 |
| 2019 | $123,999 | $159,901 | $635,306 | $-35,902 |
| 2018 | $114,746 | $138,851 | $657,068 | $-24,105 |
Compare SANDSTONE APARTMENTS INC with other nonprofits in South Carolina and across the country.