SANDY RUN MISSIONARY BAPTIST CHURCH APTS (EIN 561053910) - 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

1974

Legal Domicile

Principal Officer

JACOB EVANS

Phone

3367650424

Tax Period

2024-08-01 to 2025-07-31

SANDY RUN MISSIONARY BAPTIST CHURCH APTS, founded in 1974, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 11% surplus.

Mission

SANDY RUN MISSIONARY BAPTIST CHURCH APARTMENTS I, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF NORTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF REHABILITATING AND OPERATING A 152 UNIT COMMUNITY KNOWN AS SANDY RUN APARTMENTS IN JACKSONVILLE, NORTH CAROLINA, WHICH PROVIDES HOUSING FOR INDIVIDUALS WITH LOW AND MODERATE INCOME, PURSUANT TO SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE COMMUNITY IS FINANCED UNDER SECTION 221(D)(3) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO A REGULATORY AGREEMENT GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION LEASES APARTMENT UNITS TO LOW INCOME FAMILIES (OR PERSONS) IN THE NORMAL COURSE OF BUSINESS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE CONTRACT IS A SECTION 8 RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES.

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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 $1,543,706

Program Service Revenue $538,863

Investment Income $-12,691

Other Revenue $58,127

TOTAL REVENUE $2,128,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,591,274

Other Expenses $1,890,565

TOTAL EXPENSES $1,890,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,128,005	$2,077,519	+0.0%
Expenses	$1,890,565	$1,652,189	+0.1%
Net Income	$237,440	$425,330	-0.4%

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
JACOB EVANS	PRESIDENT	5.00	Officer Director	$0	$0	$0
TYRONE MAXWELL	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JOSELYN HILLMON	SECRETARY	5.00	Officer Director	$0	$0	$0
BRIAN JACKSON	DIRECTOR	5.00	Director	$0	$0	$0
DARYL ROBERSON	DIRECTOR	5.00	Director	$0	$0	$0
GREGORY O HUMPHREY	DIRECTOR	5.00	Director	$0	$0	$0
HOLLY SYLVAIN	DIRECTOR	5.00	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
2025	$2,128,005	$1,890,565	$6,525,160	$237,440
2024	$2,077,519	$1,652,189	$6,602,447	$425,330
2023	$1,999,631	$1,634,709	$6,273,079	$364,922
2022	$1,279,179	$1,354,019	$6,621,339	$-74,840
2021	$894,680	$2,028,864	$6,926,667	$-1,134,184
2020	$1,919,915	$1,140,337	$10,464,687	$779,578
2019	$2,260,368	$1,141,832	$10,908,985	$1,118,536

SANDY RUN MISSIONARY BAPTIST CHURCH APTS