ASHLEY PLACE 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

2012

Legal Domicile

Principal Officer

PHILLIP G BOURGEOIS

Phone

8703826762

Tax Period

2019-01-01 to 2019-12-31

ASHLEY PLACE APARTMENTS INC, founded in 2012, is a micro nonprofit that reported $35K in total revenue in fiscal year 2019. Revenue decreased 13% compared to the prior year. Expenses of $68K exceeded revenue, resulting in a 94% operating deficit.

Mission

PROVIDE HOUSING FOR QUALIFIED INDIVIDUALS UNDER SECTION 811 OF NATIONAL AFFORDABLE HOUSING ACT

Program Service Accomplishments

Program 1

Expenses: $62,547 Revenue: $35,249

PROVIDE HOUSING FOR QUALIFIED INDIVIDUALS UNDER SECTION 811 OF NATIONAL AFFORDABLE HOUSING ACT

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,249

Investment Income $36

Other Revenue $0

TOTAL REVENUE $35,285

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,298

Fundraising Expenses $0

Program Expenses $62,547

Other Expenses $66,118

TOTAL EXPENSES $68,416

Year-over-Year Comparison

	2019	2018	Change
Revenue	$35,285	$40,555	-0.1%
Expenses	$68,416	$69,555	0.0%
Net Income	$-33,131	$-29,000	+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

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
PHILLIP G BOURGEOIS	PRESIDENT	2.00	Officer	$0	$0	$0
BILLY DEAN AKERS	VICE PRESIDE	2.00	Officer	$0	$0	$0
WILLIAM G BEHRINGER	SECRETARY/TR	2.00	Officer	$0	$0	$0
DOROTHY HOLLOWAY	ASST. SEC/TR	2.00	Officer	$0	$0	$0
ALVIN JEFFERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER COTTON	PARLIAMENTAR	1.00	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
2019	$35,285	$68,416	$1,082,797	$-33,131