EAST 5TH STREET APARTMENTS INC (EIN 450705485) - 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

2011

Legal Domicile

Principal Officer

AHAZ ARMSTRONG

Phone

3367653906

Tax Period

2024-07-01 to 2025-06-30

EAST 5TH STREET APARTMENTS INC, founded in 2011, is a micro nonprofit in the Housing & Shelter sector that reported $54K in total revenue in fiscal year 2024. Revenue surged 101% from the prior year, signaling strong growth momentum. Expenses of $74K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE PERMANENT HOUSING FOR HOMELESS INDIVIDUALS.

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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 $40,467

Program Service Revenue $16,731

Investment Income $-3,137

Other Revenue $0

TOTAL REVENUE $54,061

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $68,323

Other Expenses $74,431

TOTAL EXPENSES $74,431

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,061	$26,870	+1.0%
Expenses	$74,431	$95,788	-0.2%
Net Income	$-20,370	$-68,918	-0.7%

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

$121,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG PEATROSS	PRESIDENT	0.00	Officer Director	$0	$0	$0
MALLORY OLDHAM	SECRETARY	0.00	Officer Director	$0	$0	$0
GARRY MERRITT	DIRECTOR	0.00	Director	$0	$0	$0
DIANE EVANS	DIRECTOR	0.00	Director	$0	$0	$0
TAMMY VERNON	OUTGOING TREASURER	0.20	Officer	$0	$0	$121,695
AHAZ ARMSTRONG	TREASURER	0.20	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	$54,061	$74,431	$757,712	$-20,370
2024	$26,870	$95,788	$766,749	$-68,918
2023	$53,267	$79,378	$831,162	$-26,111
2022	$53,572	$75,224	$848,619	$-21,652
2021	$51,937	$90,801	$865,113	$-38,864
2020	$51,183	$82,604	$904,103	$-31,421
2019	$53,029	$88,564	$935,748	$-35,535
2018	$53,516	$75,389	$972,426	$-21,873

EAST 5TH STREET APARTMENTS INC