PLAZA 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

1994

Legal Domicile

Principal Officer

GREG DAUGHHETEE

Phone

7856282660

Tax Period

2025-01-01 to 2025-12-31

PLAZA APARTMENTS INC, founded in 1994, is a small nonprofit in the Community Improvement sector that reported $339K in total revenue in fiscal year 2025.

Mission

TO PROVIDE, ON A NONPROFIT BASIS, ELDERLY AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $304,577 Revenue: $159,219

TO ACQUIRE, CONSTRUCT, PROVIDE AND OPERATE RENTAL HOUSING AND RELATED FACILITIES SUITED TO THE SPECIAL NEEDS AND LIVING REQUIREMENTS OF ELIGIBLE OCCUPANTS AS DETERMINED BY FMHA REGULATIONS, WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, AGE, HANDICAP, MARITAL OR FAMILIAL STATUS OR NATIONAL ORIGIN.

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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 (2025)

Revenue Breakdown

Contributions & Grants $176,446

Program Service Revenue $159,219

Investment Income $3,184

Other Revenue $0

TOTAL REVENUE $338,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,282

Fundraising Expenses $0

Program Expenses $304,577

Other Expenses $283,019

TOTAL EXPENSES $364,301

Year-over-Year Comparison

	2025	2024	Change
Revenue	$338,849	$318,423	+0.1%
Expenses	$364,301	$345,640	+0.1%
Net Income	$-25,452	$-27,217	-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

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

$45,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG DAUGHHETEE	PRESIDENT	0.25	Officer Director	$0	$0	$0
KATHY HARPER	SECRETARY	0.25	Officer Director	$0	$0	$0
MARVA MILLER	DIRECTOR	0.25	Director	$0	$0	$0
DELBERT STANTON	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
SHERYL DREILING	DIRECTOR	0.25	Director	$0	$0	$0
DEBRA DREILING	EXECUTIVE DIRECTOR	20.00	Officer	$45,400	$0	$45,400

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	$338,849	$364,301	$841,974	$-25,452
2024	$318,423	$345,640	$890,661	$-27,217
2023	$319,918	$328,700	$940,900	$-8,782
2022	$308,819	$334,465	$972,506	$-25,646
2021	$299,473	$314,893	$1,023,864	$-15,420
2020	$305,755	$313,618	$1,058,904	$-7,863
2019	$342,940	$297,297	$1,084,240	$45,643
2018	$268,961	$308,105	$1,056,322	$-39,144