FRANKFORT COMMUNITY HOUSING INC FRIENDSHIP VILLAGE APARTMENTS (EIN 351432681) - 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

1978

Legal Domicile

Principal Officer

SUSIE RUSK

Phone

3172730312

Tax Period

2023-01-01 to 2023-12-31

FRANKFORT COMMUNITY HOUSING INC FRIENDSHIP VILLAGE APARTMENTS, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $173K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $208K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE RENTAL HOUSING FOR ELIGIBLE OCCUPANTS UNDER THE FMHA SUBSIDIZED HOUSING PROGRAM.

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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 $0

Program Service Revenue $161,558

Investment Income $297

Other Revenue $10,836

TOTAL REVENUE $172,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,981

Fundraising Expenses $0

Program Expenses $194,240

Other Expenses $166,137

TOTAL EXPENSES $208,118

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,691	$158,058	+0.1%
Expenses	$208,118	$194,213	+0.1%
Net Income	$-35,427	$-36,155	0.0%

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

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
CINDY OREM	MEMBER	1.00	Director	$0	$0	$0
LARRY TRUAX	RESIDENT BOARD MEMBER	1.00	Director	$0	$0	$0
SUSIE RUSK	PRESIDENT	1.00	Officer Director	$0	$0	$0
DON RUSK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES CRUISE	SECRETARY	1.00	Officer Director	$0	$0	$0
SHERRY CRUISE	TREASURER	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$172,691	$208,118	$735,126	$-35,427
2022	$158,058	$194,213	$769,160	$-36,155
2021	$156,849	$166,889	$806,137	$-10,040
2020	$155,512	$146,554	$812,390	$8,958
2019	$286,298	$150,517	$802,771	$135,781
2018	$153,074	$138,016	$664,299	$15,058

FRANKFORT COMMUNITY HOUSING INC FRIENDSHIP VILLAGE APARTMENTS