VENABLE APARTMENTS I INC (EIN 522293414) - 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

2001

Legal Domicile

Principal Officer

NICHOLE BATTLE

Phone

4104332442

Tax Period

2024-05-01 to 2025-04-30

VENABLE APARTMENTS I INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $720K in total revenue in fiscal year 2024. Expenses of $871K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 $430,106

Program Service Revenue $275,901

Investment Income $3,703

Other Revenue $10,419

TOTAL REVENUE $720,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $601,942

Other Expenses $871,222

TOTAL EXPENSES $871,222

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,129	$711,765	+0.0%
Expenses	$871,222	$880,562	0.0%
Net Income	$-151,093	$-168,797	-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

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

$154,000

Total Directors

$154,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WEINER	CHAIR	0.30	Officer Director	$0	$0	$0
CHRIS MCCULLOUGH	PRESIDENT	0.30	Officer Director	$0	$0	$0
STEPHANIE SHACK	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
NICHOLE BATTLE	SECRETARY	5.00	Officer Director	$0	$11,362	$154,000
NICHOLAS ALEXOPOLUS	TREASURER	0.30	Officer Director	$0	$0	$0
MIKE BEST	DIRECTOR	0.30	Director	$0	$0	$0
ADRIAN BISHOP	DIRECTOR	0.30	Director	$0	$0	$0
KELLY ERLEMEIR	DIRECTOR	0.30	Director	$0	$0	$0
MARK HEWICK	DIRECTOR	0.30	Director	$0	$0	$0
JEFF SEIBERT	DIRECTOR	0.30	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	$720,129	$871,222	$3,703,415	$-151,093
2024	$711,765	$880,562	$3,824,024	$-168,797
2023	$714,128	$941,041	$3,994,012	$-226,913
2022	$709,306	$859,377	$4,157,121	$-150,071
2021	$722,262	$818,055	$4,372,440	$-95,793
2020	$684,146	$798,611	$4,481,703	$-114,465
2019	$586,678	$757,460	$4,579,911	$-170,782
2018	$591,049	$738,824	$4,648,732	$-147,775

VENABLE APARTMENTS I INC