LEISURE LIVING APARTMENTS INC (EIN 351513423) - 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

1977

Legal Domicile

Principal Officer

ROD LUDWIG

Phone

5742376000

Tax Period

2023-01-01 to 2023-12-31

LEISURE LIVING APARTMENTS INC, founded in 1977, is a small nonprofit that reported $248K in total revenue in fiscal year 2023. The organization ran a surplus of $45K, a strong 18% operating margin.

Mission

LEISURE LIVING APARTMENTS, INC. WAS ORGANIZED AS AN INDIANA NOT-FOR-PROFIT CORPORATION TO OWN AND OPERATE TWO APARTMENT PROJECTS FOR LOW INCOME FAMILIES IN MILFORD, INDIANA. PHASE I HAS 16 UNITS AND PHASE II HAS 16 UNITS. THE CORPORATION'S MORTGAGE LOANS WERE PROVIDED THROUGH THE RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515 OF THE HOUSING ACT OF 1949.

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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 $109,640

Program Service Revenue $137,009

Investment Income $92

Other Revenue $1,221

TOTAL REVENUE $247,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $111,259

Other Expenses $202,997

TOTAL EXPENSES $202,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$247,962	$240,135	+0.0%
Expenses	$202,997	$226,719	-0.1%
Net Income	$44,965	$13,416	+2.4%

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
DEE KINNEY	PRESIDENT	0.50	Officer Director	$0	$0	$0
JOHN PRITZ	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
BRENDA PETERSON	SECRETARY-TREASURER	0.50	Officer Director	$0	$0	$0
TESSA DOLL	DIRECTOR	0.50	Director	$0	$0	$0
SABRINA BROWN	DIRECTOR	0.50	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	$247,962	$202,997	$460,052	$44,965
2022	$240,135	$226,719	$453,733	$13,416
2021	$237,308	$195,507	$465,800	$41,801
2020	$222,314	$204,794	$458,975	$17,520
2019	$216,123	$219,514	$472,626	$-3,391
2018	$214,785	$209,551	$501,516	$5,234

LEISURE LIVING APARTMENTS INC