PINEY RIDGE APARTMENTS CORPORATION (EIN 541952011) - 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

1999

Legal Domicile

Principal Officer

JAMES F BEBEAU LPC

Phone

4347990456

Tax Period

2022-07-01 to 2023-06-30

PINEY RIDGE APARTMENTS CORPORATION, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $20K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. Expenses of $31K exceeded revenue, resulting in a 55% operating deficit.

Mission

PROVIDE HOUSING TO ADULTS WITH MENTAL ILLNESS

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,400

Investment Income $36

Other Revenue $0

TOTAL REVENUE $23,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,849

Other Expenses $28,849

TOTAL EXPENSES $28,849

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,436	$23,177	+0.0%
Expenses	$28,849	$28,249	+0.0%
Net Income	$-5,413	$-5,072	+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

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

$277,231

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY VAN DERHYDE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL MONDUL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LORRIE EANES-BROOKS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
R J WEAVER	VOLUNTEER DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SID ALLGOOD	VOLUNTEER DIRECTOR	1.00	Director	$0	$0	$0
GAYLE BREAKLEY	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
ARLENE BURKHARDT	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
GEARY DAVIS	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
CAROLYN EVANS	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
WILLIE FITZGERALD	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
RUFUS FULLER III	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
SHELBY IRVING	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
BRENT SHELTON ESQ	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
DEBORAH STOWE	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
ADRIAN WATLINGTON	VOLUNTEER DIRECTOR	0.00	Director	$0	$0	$0
JAMES F BEBEAU LPC	EXECUTIVE DIRECTOR	1.00	Officer	$0	$57,939	$277,231

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$23,436	$28,849	$305,451	$-5,413
2022	$23,177	$28,249	$310,886	$-5,072
2021	$20,023	$31,059	$315,256	$-11,036

PINEY RIDGE APARTMENTS CORPORATION