ABUNDANT LIFE TOWERS II INC C/O WP&M REAL ESTATE (EIN 521309456) - 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

1983

Legal Domicile

Principal Officer

MONROE R SAUNDERS JR

Phone

4107275525

Tax Period

2024-01-01 to 2024-12-31

ABUNDANT LIFE TOWERS II INC C/O WP&M REAL ESTATE, founded in 1983, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $962K left a modest 7% surplus.

Mission

THE ORGANIZATION PROVIDES HOUSING FOR THE ELDERLY UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 VIA PUBLIC ASSISTANCE FUNDS.

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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 $0

Program Service Revenue $1,027,669

Investment Income $4,168

Other Revenue $0

TOTAL REVENUE $1,031,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,924

Fundraising Expenses $0

Program Expenses $892,084

Other Expenses $625,368

TOTAL EXPENSES $962,292

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,031,837	$973,397	+0.1%
Expenses	$962,292	$930,075	+0.0%
Net Income	$69,545	$43,322	+0.6%

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
MONROE R SAUNDERS JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
MURIEL RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
TINELL PRATT	DIRECTOR	1.00	Director	$0	$0	$0
ALFRED MASON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MERRITT	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
2024	$1,031,837	$962,292	$1,163,958	$69,545
2023	$973,397	$930,075	$1,275,552	$43,322
2022	$939,373	$979,053	$1,312,958	$-39,680
2021	$959,931	$890,949	$1,421,534	$68,982
2020	$912,408	$925,181	$1,533,701	$-12,773
2019	$862,553	$864,308	$1,621,519	$-1,755
2018	$866,221	$901,616	$1,691,845	$-35,395

ABUNDANT LIFE TOWERS II INC C/O WP&M REAL ESTATE