ASSISI HOMES-BATAVIA APARTMENTS INC

EIN: 363914084 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$4,140,296
Total Expenses
$3,523,191
Total Assets
$9,654,426
Net Assets
$-696,021
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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
1993
Legal Domicile
IL
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

ASSISI HOMES-BATAVIA APARTMENTS INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 15% surplus.

Mission

ASSISI HOMES BATAVIA APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON JULY 19, 1993, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 290-UNIT COMMUNITY LOCATED IN BATAVIA, ILLINOIS, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $2,522,508
Program Service Revenue $1,544,432
Investment Income $40,407
Other Revenue $32,949
TOTAL REVENUE $4,140,296

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,443,518
Other Expenses $3,523,191
TOTAL EXPENSES $3,523,191

Year-over-Year Comparison

2024 2023 Change
Revenue $4,140,296 $3,956,638 +0.0%
Expenses $3,523,191 $3,455,231 +0.0%
Net Income $617,105 $501,407 +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
3
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
7
$1,622,408
Total Directors
3
$746,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 0.10
Officer Director
$0 $10,382 $242,964
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $31,209 $195,151
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $35,478 $308,489
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
EDGAR FLAGG III VICE PRESIDENT 0.10
Officer
$0 $28,195 $216,513
FATMAH FARRAJ VICE PRESIDENT 0.10
Officer
$0 $12,126 $183,363
MARK ANGELINI PRESIDENT 0.10
Officer
$0 $12,045 $264,448
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 $4,140,296 $3,523,191 $9,654,426 $617,105
2023 $3,956,638 $3,455,231 $9,790,261 $501,407
2022 $3,736,805 $3,425,451 $10,069,018 $311,354
2021 $3,636,431 $3,370,839 $10,368,839 $265,592
2020 $3,599,351 $3,263,444 $10,607,951 $335,907
2019 $3,574,703 $3,170,950 $11,048,196 $403,753
2018 $3,441,984 $3,136,406 $10,800,337 $305,578
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