GENESIS II APARTMENTS INC (EIN 510595292) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

LINDA NEAL

Phone

8038083966

Tax Period

2024-07-01 to 2025-06-30

GENESIS II APARTMENTS INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2024. Expenses of $140K exceeded revenue, resulting in a 24% operating deficit.

Mission

GENESIS II APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 15 UNIT PROPERTY KNOWN AS GENESIS II APARTMENTS LOCATED IN MULLINS, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE HOUSING ACT OF 1959, AS AMENDED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $63,230

Program Service Revenue $49,101

Investment Income $56

Other Revenue $0

TOTAL REVENUE $112,387

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $128,372

Other Expenses $139,632

TOTAL EXPENSES $139,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,387	$105,681	+0.1%
Expenses	$139,632	$125,397	+0.1%
Net Income	$-27,245	$-19,716	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
LINDA NEAL	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$0	$0
LINDA SCOTT	SECRETARY	2.00	Officer Director	$0	$0	$0
JEAN BRUNSON	TREASURER	2.00	Officer Director	$0	$0	$0
CONNIE BLACK	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA GLASSCHO	DIRECTOR	2.00	Director	$0	$0	$0
LINDA GODFREY	DIRECTOR	2.00	Director	$0	$0	$0
WALLACE PEE	DIRECTOR	2.00	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	$112,387	$139,632	$983,261	$-27,245
2024	$105,681	$125,397	$1,014,361	$-19,716
2022	$96,702	$126,927	$1,067,501	$-30,225
2021	$96,929	$109,533	$1,091,490	$-12,604
2020	$91,307	$116,047	$1,103,590	$-24,740
2019	$87,897	$101,355	$1,139,293	$-13,458

GENESIS II APARTMENTS INC