WILLIAMS STREET APARTMENTS INC (EIN 450511565) - 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

2003

Principal Officer

CHI CHEUNG

Phone

5736368108

Tax Period

2024-07-01 to 2025-06-30

WILLIAMS STREET APARTMENTS INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $103K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $141K exceeded revenue, resulting in a 37% operating deficit.

Mission

WILLIAMS STREET APARTMENTS, INC. (THE ORGANIZATION) IS A FIFTEEN BED RESIDENTIAL FACILITY, WITH FOURTEEN SUBSIDIZED UNITS. THE ORGANIZATION'S PROJECT PROVIDES SUPPORTIVE HOUSING FOR PERSONS WITH CHRONIC MENTAL HEALTH DISABILITIES. THE PROJECT NAME OF THE FACILITY IS WARREN SCOTT APARTMENTS. THE FACILITY IS LOCATED IN JEFFERSON CITY, MISSOURI. THE ORGANIZATION'S PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE ORGANIZATION'S MAJOR PROGRAM IS ITS SECTION 811 CAPITAL ADVANCE AND THE RELATED PROJECT RENTAL ASSISTANCE CONTRACT (PRAC).

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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 $58,788

Program Service Revenue $43,869

Investment Income $50

Other Revenue $0

TOTAL REVENUE $102,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,224

Fundraising Expenses $0

Program Expenses $104,719

Other Expenses $123,682

TOTAL EXPENSES $140,906

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,707	$112,640	-0.1%
Expenses	$140,906	$122,276	+0.2%
Net Income	$-38,199	$-9,636	+3.0%

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

$315,682

Total Directors

$315,682

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHI CHEUNG	PRESIDENT	0.25	Officer Director	$0	$7,395	$186,710
ANDREA CHEUNG	BOARD SECRET	0.25	Officer Director	$0	$12,893	$128,972
GREG BOWMAN	DIRECTOR	0.10	Director	$0	$0	$0
STEPHEN BUCHHOLZ	DIRECTOR	0.10	Director	$0	$0	$0
JEREMY CHEUNG	DIRECTOR	0.10	Director	$0	$0	$0
CANDACE TREAT	DIRECTOR	0.10	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	$102,707	$140,906	$891,043	$-38,199
2024	$112,640	$122,276	$911,939	$-9,636
2024	$112,640	$122,276	$911,939	$-9,636
2023	$153,379	$116,296	$942,612	$37,083
2022	$117,991	$106,962	$890,783	$11,029
2021	$86,748	$103,539	$884,111	$-16,791
2020	$83,911	$110,020	$904,005	$-26,109
2019	$81,583	$105,690	$932,092	$-24,107

WILLIAMS STREET APARTMENTS INC