VENABLE APARTMENTS II INC

EIN: 341994111 501(c)(3) Housing & Shelter

BALTIMORE, MD

Total Revenue
$824,245
Total Expenses
$882,991
Total Assets
$3,858,909
Net Assets
$-2,747,923
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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
2004
Legal Domicile
MD
Principal Officer
NICHOLE BATTLE
Phone
4104332442
Tax Period
2024-05-01 to 2025-04-30

VENABLE APARTMENTS II INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $824K in total revenue in fiscal year 2024.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

Program Service Accomplishments

Program 1
Expenses: $657,276 Revenue: $326,961

VENABLE APARTMENTS II, INC. IS A MARYLAND CORPORATION ORGANIZED IN MARCH 2004 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY, WHICH CONSISTS OF 73 UNITS...

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VENABLE APARTMENTS II, INC. IS A MARYLAND CORPORATION ORGANIZED IN MARCH 2004 FOR THE PURPOSE OF CONSTRUCTING AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY, WHICH CONSISTS OF 73 UNITS. THE ENTITY WAS FINANCED THROUGH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $489,322
Program Service Revenue $326,961
Investment Income $871
Other Revenue $7,091
TOTAL REVENUE $824,245

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $657,276
Other Expenses $882,991
TOTAL EXPENSES $882,991

Year-over-Year Comparison

2024 2023 Change
Revenue $824,245 $810,708 +0.0%
Expenses $882,991 $926,105 0.0%
Net Income $-58,746 $-115,397 -0.5%
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

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Governance

Voting Members
10
Independent Members
9
Employees
N/A
Volunteers
10

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
5
$154,000
Total Directors
10
$154,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY WEINER CHAIR 0.30
Officer Director
$0 $0 $0
CHRIS MCCULLOUGH PRESIDENT 0.30
Officer Director
$0 $0 $0
STEPHANIE SHACK VICE PRESIDENT 0.30
Officer Director
$0 $0 $0
NICHOLE BATTLE SECRETARY 5.00
Officer Director
$0 $11,362 $154,000
NICHOLAS ALEXOPOLUS TREASURER 0.30
Officer Director
$0 $0 $0
MIKE BEST DIRECTOR 0.30
Director
$0 $0 $0
ADRIAN BISHOP DIRECTOR 0.30
Director
$0 $0 $0
KELLY ERLEMEIR DIRECTOR 0.30
Director
$0 $0 $0
MARK HEWICK DIRECTOR 0.30
Director
$0 $0 $0
JEFF SEIBERT DIRECTOR 0.30
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 $824,245 $882,991 $3,858,909 $-58,746
2024 $810,708 $926,105 $3,896,488 $-115,397
2023 $769,575 $878,954 $3,961,948 $-109,379
2022 $638,545 $813,882 $4,090,959 $-175,337
2021 $683,025 $772,344 $4,277,424 $-89,319
2020 $597,839 $831,544 $4,423,746 $-233,705
2019 $567,400 $746,981 $4,686,743 $-179,581
2018 $572,592 $772,802 $4,690,230 $-200,210
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