MONROE COUNTY APARTMENTS 4 ASSOCIATION

EIN: 371387586 501(c)(3) Housing & Shelter

WATERLOO, IL

Total Revenue
$662,297
Total Expenses
$646,796
Total Assets
$2,743,751
Net Assets
$2,363,917
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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
1999
Legal Domicile
IL
Principal Officer
ROBERT POLANSKY
Phone
6189398644
Tax Period
2024-07-01 to 2025-06-30

MONROE COUNTY APARTMENTS 4 ASSOCIATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $662K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $2.4M represent 43 months of operating reserves.

Mission

TO PROVIDE RENTAL REAL ESTATE FOR THE LOW-INCOME, MENTALLY ILL, AND DEVELOPMENTALLY DISABLED.

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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 $0
Program Service Revenue $632,197
Investment Income $28,718
Other Revenue $1,382
TOTAL REVENUE $662,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $47,058
Fundraising Expenses $0
Program Expenses $561,740
Other Expenses $599,738
TOTAL EXPENSES $646,796

Year-over-Year Comparison

2024 2023 Change
Revenue $662,297 $604,611 +0.1%
Expenses $646,796 $758,645 -0.1%
Net Income $15,501 $-154,034 -1.1%
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
6
Independent Members
6
Employees
N/A
Volunteers
5

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
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL SCHNEIDER President 1.00
Officer Director
$0 $0 $0
CRAIG BRAUER Vice President 1.00
Officer Director
$0 $0 $0
KATHY ASSELMEIER Secretary 1.00
Officer Director
$0 $0 $0
STEVE STROH Treasurer 1.00
Officer Director
$0 $0 $0
JOEL VOGT Trustee 1.00
Director
$0 $0 $0
KYLE BUETTNER 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 $662,297 $646,796 $2,743,751 $15,501
2024 $604,611 $758,645 $2,791,713 $-154,034
2023 $615,113 $687,613 $2,866,916 $-72,500
2022 $598,497 $639,347 $2,965,086 $-40,850
2021 $595,855 $589,178 $3,058,866 $6,677
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