JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC (EIN 421186191) - 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

1982

Legal Domicile

Principal Officer

JOHN WETHERELL

Phone

5152438300

Tax Period

2023-01-01 to 2023-12-31

JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $756K in total revenue in fiscal year 2023. Expenses of $690K left a modest 9% surplus.

Mission

JACOBS PLACE APARTMENTS IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 82 UNIT APARTMENT COMMUNITY KNOWN AS JACOBS PLACE LOCATED IN DES MOINES, IOWA. THE COMMUNITY WAS ORIGINALLY FINANCED WITH A LOAN INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IN OCTOBER 2006, THE CORPORATION REFINANCED ITS ORIGINAL HUD INSURED MORTGAGE WITH A NEW HUD INSURED MORTGAGE UNDER SECTION 223(F) 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $380,041

Program Service Revenue $364,169

Investment Income $238

Other Revenue $11,287

TOTAL REVENUE $755,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $589,146

Other Expenses $690,022

TOTAL EXPENSES $690,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,735	$731,691	+0.0%
Expenses	$690,022	$681,472	+0.0%
Net Income	$65,713	$50,219	+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
JOHN WETHERELL	PRESIDENT	0.10	Officer Director	$0	$0	$0
PHYLLIS BLOOD MELTON	TREASURER	0.10	Officer Director	$0	$0	$0
MARK SHERINIAN	FORMER SECRETARY	0.10	Officer Director	$0	$0	$0
SKEET WOOTTEN	SR. WARDEN	0.10	Director	$0	$0	$0
JIM RYAN	DIRECTOR	0.10	Director	$0	$0	$0
MARTHA KESTER	DIRECTOR	0.10	Director	$0	$0	$0
DASHLE KELLEY	DIRECTOR	0.10	Director	$0	$0	$0
STEPHANIE WELLS	DIRECTOR	0.10	Director	$0	$0	$0
STEPHANIE MORRISON	SECRETARY	0.10	Officer 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	$755,735	$690,022	$2,431,955	$65,713
2022	$731,691	$681,472	$2,406,083	$50,219
2021	$733,338	$634,458	$2,400,899	$98,880
2020	$697,480	$630,426	$2,349,795	$67,054
2019	$685,247	$618,097	$2,371,621	$67,150
2018	$652,562	$642,017	$2,358,987	$10,545

JACOBS PLACE APARTMENTS C/O DARWIN T LYNNER CO INC