FLORA APARTMENTS INC

EIN: 351496962 501(c)(3) Housing & Shelter

FLORA, IN

Total Revenue
$163,313
Total Expenses
$157,433
Total Assets
$505,705
Net Assets
$325,634
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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
1970
Legal Domicile
IN
Phone
5749673033
Tax Period
2018-01-01 to 2018-12-31

FLORA APARTMENTS INC, founded in 1970, is a small nonprofit in the Housing & Shelter sector that reported $163K in total revenue in fiscal year 2018. Expenses of $157K left a modest 4% surplus.

Mission

TO PROVIDE AFFORDABLE LOW-INCOME HOUSING TO THE ELDERY RESIDENTS OF FLORA, INDIANA.

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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 (2018)

Revenue Breakdown

Contributions & Grants $19,560
Program Service Revenue $144,753
Investment Income $-1,000
Other Revenue $0
TOTAL REVENUE $163,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,400
Fundraising Expenses $0
Program Expenses $123,779
Other Expenses $118,033
TOTAL EXPENSES $157,433

Year-over-Year Comparison

2018 2017 Change
Revenue $163,313 $159,296 +0.0%
Expenses $157,433 $154,515 +0.0%
Net Income $5,880 $4,781 +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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN AYRES Director 0.00
Director
$0 $0 $0
MARY JO REDMON Director 0.00
Director
$0 $0 $0
DALE ZINN Vice President 0.00
Director
$0 $0 $0
ANN BROWN Director 0.00
Director
$0 $0 $0
NORMAN BECK President 0.00
Officer
$0 $0 $0
JAMES PAYNE Director 0.00
Officer
$0 $0 $0
DICK N BISHOP Secretary 0.00
Officer
$0 $0 $0
LISA EIKENBERRY Treasurer 0.00
Officer
$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
2018 $163,313 $157,433 $505,705 $5,880
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