GREENWOOD APARTMENTS INC (EIN 351166805) - 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

1965

Legal Domicile

Principal Officer

TAWANA SHAW

Phone

5139616011

Tax Period

2024-01-01 to 2024-12-31

GREENWOOD APARTMENTS INC, founded in 1965, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

MAINTAINING AND OPERATING A ONE HUNDRED UNIT HOUSING PROJECT FOR LOW-INCOME FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,016,151

Investment Income $19,170

Other Revenue $30,564

TOTAL REVENUE $1,065,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,641

Fundraising Expenses $0

Program Expenses $949,863

Other Expenses $702,158

TOTAL EXPENSES $1,041,799

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,065,885	$963,602	+0.1%
Expenses	$1,041,799	$1,012,257	+0.0%
Net Income	$24,086	$-48,655	-1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONA MAYBERRY	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAULINE CARTER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MAYBERRY	TREASURER	1.00	Officer Director	$0	$0	$0
RODNEY TATE	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
ODESSA SMITH	TRUSTEE	1.00	Director	$0	$0	$0
RAY PENNINGTON JR	TRUSTEE	1.00	Director	$0	$0	$0
VIRGINIA DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES AUSTIN	TRUSTEE	1.00	Director	$0	$0	$0
ANNA MAE DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
AL SHEARER	TRUSTEE	1.00	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	$1,065,885	$1,041,799	$1,995,060	$24,086
2023	$963,602	$1,012,257	$2,035,045	$-48,655
2022	$983,956	$937,272	$2,176,602	$46,684
2021	$936,674	$910,591	$2,171,767	$26,083
2020	$935,290	$867,123	$2,234,089	$68,167
2019	$903,402	$995,096	$2,225,438	$-91,694
2018	$883,160	$902,262	$2,322,595	$-19,102

GREENWOOD APARTMENTS INC