HENDERSONVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)REGAL OAKS APARTMENTS INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $149K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $249K exceeded revenue, resulting in a 66% operating deficit.
TO OWN AND OPERATE A 24-UNIT APARTMENT COMPLEX, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN HENDERSONVILLE, NORTH CAROLINA AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENTAL RATES AND OPERATING METHODS. ADDITIONALLY, UNITS IN THE PROJECT ARE COVERED UNDER A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $149,492 | $163,069 | -0.1% |
| Expenses | $248,797 | $262,843 | -0.1% |
| Net Income | $-99,305 | $-99,774 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SHERYL FORTUNE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL HEYMAN | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER DUVALL | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BLANCA SANCHEZ | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MALLORY BENJAMIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SONYA FLYNN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CANDI GUFFEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TYLER HENRY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARYANN HOLLOCKER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NORY LEBRUN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN LEE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELLEN MACDONALD-ALMAZAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER MAYNOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE WILKIE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $149,492 | $248,797 | $2,801,197 | $-99,305 |
| 2022 | $163,069 | $262,843 | $2,900,460 | $-99,774 |
| 2021 | $165,407 | $234,413 | $2,991,341 | $-69,006 |
| 2020 | $161,876 | $239,884 | $3,062,079 | $-78,008 |
| 2019 | $146,767 | $277,915 | $3,140,286 | $-131,148 |
| 2018 | $163,548 | $257,867 | $3,265,716 | $-94,319 |
Compare REGAL OAKS APARTMENTS INC with other nonprofits in North Carolina and across the country.