REFRESHING SPRINGS APARTMENTS INC C/O NEW HORIZON PROPERTY MGMT INC (EIN 391782403) - 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

1994

Legal Domicile

Principal Officer

REVEREND BENNIE L CLEVELAND

Phone

2622409406

Tax Period

2021-01-01 to 2021-12-31

REFRESHING SPRINGS APARTMENTS INC C/O NEW HORIZON PROPERTY MGMT INC, founded in 1994, is a micro nonprofit that reported $96K in total revenue in fiscal year 2021. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $126K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE HOUSING FOR PERSONS WITH DISABILITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $92,790

Investment Income $6

Other Revenue $3,062

TOTAL REVENUE $95,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,559

Other Expenses $126,187

TOTAL EXPENSES $126,187

Year-over-Year Comparison

	2021	2020	Change
Revenue	$95,858	$69,205	+0.4%
Expenses	$126,187	$113,634	+0.1%
Net Income	$-30,329	$-44,429	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELMA L CLEVELAND	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
REVEREND BENNIE L CLEVELAND	PRESIDENT	N/A	Officer Director	$0	$0	$0
MELODY D ELLISON	TREASURER/SE	N/A	Officer Director	$0	$0	$0
STEVEN ELLISON	DIRECTOR	N/A	Director	$0	$0	$0
EUGENE PITCHFORD III	DIRECTOR	N/A	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
2021	$95,858	$126,187	$567,199	$-30,329
2020	$69,205	$113,634	$600,526	$-44,429
2019	$115,882	$156,210	$659,802	$-40,328
2018	$121,951	$130,610	$678,608	$-8,659

REFRESHING SPRINGS APARTMENTS INC C/O NEW HORIZON PROPERTY MGMT INC