APARTMENT ANGEL INC (EIN 461055791) - 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

STEVE BUCKLIN

Phone

3013715875

Tax Period

2019-01-01 to 2019-12-31

APARTMENT ANGEL INC, founded in 2012, is a micro nonprofit in the Human Services sector that reported $63K in total revenue in fiscal year 2019. Expenses of $60K left a modest 4% surplus.

Mission

A DOWNWARD SPIRAL THAT CAN END IN HOMELESSNESS. APARTMENT ANGEL,FOUNDED IN 2012, IS THE ONLY NATIONAL ORGANIZATION THAT PREVENTSAPARTMENT EVICTIONS THROUGH AN INNOVATIVE LENDING PROGRAM. OUR SOLUTIONPROVIDES AN INTEREST-FREE LOAN FOR ONE MONTH'S RENT TO QUALIFIEDAPARTMENT RESIDENTS EXPERIENCING AN UNANTICIPATED FINANCIAL HARDSHIP.THE LOAN IS PAID DIRECTLY TO THE PROPERTY ON BEHALF OF THE RESIDENT,AND THE RESIDENTS THEN REPAY THEIR LOANS TO APARTMENT ANGEL OVER APERIOD OF 6 TO 12 MONTHS.APARTMENT ANGEL IS BASED IN THE WASHINGTON, DC AREA. WE CURRENTLY WORKWITH 78 APARTMENT COMPLEXES IN GEORGIA, MARYLAND, MICHIGAN, NORTH CAROLINA, SOUTH CAROLINA, AND VIRGINIA.

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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 $63,102

Program Service Revenue $100

Investment Income $0

Other Revenue $0

TOTAL REVENUE $63,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,982

Fundraising Expenses $5,598

Program Expenses $45,236

Other Expenses $4,378

TOTAL EXPENSES $60,360

Year-over-Year Comparison

	2019	2018	Change
Revenue	$63,202	$63,208	0.0%
Expenses	$60,360	$83,366	-0.3%
Net Income	$2,842	$-20,158	-1.1%

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

$48,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ARCHER CHAPIN	SECRETARY, BOARD OF DIRECT	5.00	Director	$0	$0	$0
STEVE R CHAPIN JR	PRESIDENT/TREASURER, BOARD	5.00	Director	$0	$0	$0
STEVE BUCKLIN	EXECUTIVE DIRECTOR	40.00	Officer	$48,000	$0	$48,000

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	$63,202	$60,360	$7,835	$2,842
2018	$63,208	$83,366	$4,993	$-20,158

APARTMENT ANGEL INC