NEIGHBORHOOD APARTMENTS INC (EIN 381950009) - 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

1968

Legal Domicile

Principal Officer

CAROLE MCNEES

Phone

2697604715

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD APARTMENTS INC, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $523K in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING FOR PERSONS OF A LOW OR MODERATE INCOME; AND TO PROVIDE ANY SOCIAL RECREATIONAL, COMMERCIAL, AND COMMUNAL FACILITIES NECESSARY TO SERVE AND IMPROVE A RESIDENTIAL AREA IN WHICH THE FEDERALLY-AIDED HOUSING IS LOCATED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $395,174

Program Service Revenue $126,962

Investment Income $773

Other Revenue $0

TOTAL REVENUE $522,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,648

Fundraising Expenses $0

Program Expenses $421,299

Other Expenses $438,751

TOTAL EXPENSES $524,399

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,909	$510,728	+0.0%
Expenses	$524,399	$517,293	+0.0%
Net Income	$-1,490	$-6,565	-0.8%

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
CAROLE MCNEES	PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID F ANDERSON	VICE PRESIDE	0.05	Officer Director	$0	$0	$0
DEE VELKOFF	TREASURER	0.10	Officer Director	$0	$0	$0
DANIEL MCGLINN	SECRETARY	0.05	Officer Director	$0	$0	$0
ARTRELLA COHN	DIRECTOR	0.10	Director	$0	$0	$0
LOLA AMOS	DIRECTOR	0.10	Director	$0	$0	$0
STACEY RANDOLPH-LEDBETTER	DIRECTOR	0.05	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	0.05	Director	$0	$0	$0
STEVE HASSEVOORT	DIRECTOR	0.08	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	$522,909	$524,399	$1,782,078	$-1,490
2023	$510,728	$517,293	$1,797,440	$-6,565
2022	$482,987	$557,497	$1,850,914	$-74,510
2021	$483,837	$456,302	$2,001,694	$27,535
2020	$456,801	$376,182	$2,511,955	$80,619
2019	$452,590	$405,943	$829,739	$46,647
2018	$448,218	$399,424	$860,976	$48,794

NEIGHBORHOOD APARTMENTS INC