Accessible Apartments of Newport News Inc (EIN 521609520) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Phone

8044331011

Tax Period

2023-01-01 to 2023-12-31

ACCESSIBLE APARTMENTS OF NEWPORT NEWS INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $168K in total revenue in fiscal year 2018. Expenses of $157K left a modest 6% surplus.

Mission

THE ORGANIZATION PROVIDES SUBSIDIZED HOUSING FACILITIES FOR THE CARE AND WELFARE OF LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $197,623

Investment Income $814

Other Revenue $0

TOTAL REVENUE $198,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,180

Fundraising Expenses $0

Program Expenses $190,983

Other Expenses $158,753

TOTAL EXPENSES $231,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$198,437	$196,823	+0.0%
Expenses	$231,933	$221,964	+0.0%
Net Income	$-33,496	$-25,141	+0.3%

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

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
N/A	Chairman	1.0	Officer Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	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	No data	No data	No data	No data
2023	$198,437	$231,933	$900,930	$-33,496
2022	$196,823	$221,964	$949,408	$-25,141
2021	$164,691	$199,500	$958,881	$-34,809
2020	$165,248	$160,555	$1,003,155	$4,693
2019	$166,949	$165,844	$986,217	$1,105
2018	$167,879	$157,215	$980,978	$10,664

Accessible Apartments of Newport News Inc