JOY SENIOR APARTMENTS INC (EIN 550771125) - 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

2002

Legal Domicile

Principal Officer

HELENA TWIGG

Phone

3042575494

Tax Period

2023-01-01 to 2023-12-31

JOY SENIOR APARTMENTS INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $190K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 21% operating margin.

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW/MODERATE INCOME ELDERLY RESIDENTS IN PETERSBURG, WEST VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $86,623

Program Service Revenue $103,091

Investment Income $126

Other Revenue $0

TOTAL REVENUE $189,840

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,624

Fundraising Expenses $0

Program Expenses $91,810

Other Expenses $112,417

TOTAL EXPENSES $149,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$189,840	$138,347	+0.4%
Expenses	$149,041	$151,695	0.0%
Net Income	$40,799	$-13,348	-4.1%

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

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
HELENA TWIGG	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVID COOPER	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
TRACEY MULLENAX	TREASURER	N/A	Officer Director	$0	$0	$0
ARLENE GOLDIZEN	SECRETARY	N/A	Officer Director	$0	$0	$0
CAROL HARMON	DIRECTOR	N/A	Director	$0	$0	$0
CASEY HAMILTON	DIRECTOR	N/A	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	$189,840	$149,041	$837,822	$40,799
2022	$138,347	$151,695	$794,348	$-13,348
2021	$137,739	$163,722	$809,213	$-25,983
2020	$127,729	$131,615	$835,608	$-3,886
2019	$117,213	$131,678	$838,455	$-14,465
2018	$128,860	$145,617	$852,877	$-16,757

JOY SENIOR APARTMENTS INC