MIDWAY APARTMENTS INC

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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

Principal Officer

THERESA GRAHAM-MINEART

Phone

3193640259

Tax Period

2025-01-01 to 2025-12-31

MIDWAY APARTMENTS INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $82K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $116K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE MENTALLY DISABLED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

Program Service Accomplishments

Program 1

Expenses: $89,016 Revenue: $41,760

TO PROVIDE MENTALLY DISABLED PERSONS WITH HOUSING FACILLITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS. THE OERGANIZATION RENTED 10 UNITS TO INDIVIDUALS AND FAMILIES IN NEED DURING THE YEAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $39,520

Program Service Revenue $41,760

Investment Income $417

Other Revenue $0

TOTAL REVENUE $81,697

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,016

Other Expenses $116,333

TOTAL EXPENSES $116,333

Year-over-Year Comparison

	2025	2024	Change
Revenue	$81,697	$73,229	+0.1%
Expenses	$116,333	$109,692	+0.1%
Net Income	$-34,636	$-36,463	-0.1%

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

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
ASHLEY BAILUS	DIRECTOR	2.00	Director	$0	$0	$0
ALICIA FAUST	DIRECTOR	2.00	Director	$0	$0	$0
THERESA GRAHAM-MINEART	BOARD CHAIR/	2.00	Officer Director	$0	$0	$0
CARMEN JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LAURIE MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
RUBY PERRIN	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN SCHURING	TREASURER	2.00	Officer	$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	$81,697	$116,333	$383,777	$-34,636
2024	$73,229	$109,692	$431,931	$-36,463
2023	$62,862	$93,036	$447,722	$-30,174
2022	$61,239	$79,170	$441,814	$-17,931
2021	$55,212	$76,571	$454,477	$-21,359
2020	$55,978	$69,626	$462,441	$-13,648
2019	$53,961	$70,884	$467,692	$-16,923
2018	$54,353	$65,160	$477,355	$-10,807