HUDESMAN HOUSE APARTMENTS (EIN 454919834) - 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

2012

Legal Domicile

Principal Officer

LEWIS PAUL WADE

Phone

5093444920

Tax Period

2024-07-01 to 2025-06-30

HUDESMAN HOUSE APARTMENTS, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $151K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $273K exceeded revenue, resulting in a 81% operating deficit.

Mission

PROVIDE AFFORDABLE SUITABLE RENTAL APARTMENTS FOR LOW-INCOME SENIORS TO AGE IN PLACE.

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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 $105,803

Program Service Revenue $44,048

Investment Income $1,046

Other Revenue $0

TOTAL REVENUE $150,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,161

Fundraising Expenses $0

Program Expenses $273,486

Other Expenses $245,325

TOTAL EXPENSES $273,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,897	$128,666	+0.2%
Expenses	$273,486	$237,718	+0.2%
Net Income	$-122,589	$-109,052	+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
LEWIS PAUL WADE	PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC E OHRTMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERTA A HAZZARD	SECRETARY	1.00	Officer Director	$0	$0	$0
RAMONA P CHRISMAN	TREASURER	1.00	Officer Director	$0	$0	$0
JOSHUA L CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
DIANE M CONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
REVJANET GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
CARROLL JEFFERY WHITTEN	DIRECTOR	1.00	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	$150,897	$273,486	$2,021,062	$-122,589
2024	$128,666	$237,718	$2,131,516	$-109,052
2023	$122,250	$226,439	$2,238,454	$-104,189
2022	$108,178	$225,136	$2,343,018	$-116,958
2021	$126,319	$220,508	$2,452,473	$-94,189
2020	$120,209	$223,161	$2,551,408	$-102,952
2019	$115,801	$216,947	$2,649,833	$-101,146

HUDESMAN HOUSE APARTMENTS