First Baptist Apple Street Housing Foundation (EIN 561389444) - 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

1983

Legal Domicile

Principal Officer

Veronica Revels

Phone

3362268421

Tax Period

2024-10-01 to 2025-09-30

First Baptist Apple Street Housing Foundation, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $357K in total revenue in fiscal year 2024. Expenses of $483K exceeded revenue, resulting in a 35% operating deficit.

Mission

Provide housing for 40 elderly low income persons.

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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 $206,948

Program Service Revenue $149,143

Investment Income $1,141

Other Revenue $0

TOTAL REVENUE $357,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,361

Fundraising Expenses $0

Program Expenses $441,605

Other Expenses $408,327

TOTAL EXPENSES $482,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$357,232	$347,384	+0.0%
Expenses	$482,688	$444,217	+0.1%
Net Income	$-125,456	$-96,833	+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
Dennis Burnette	President	0.50	Officer Director	$0	$0	$0
Calvin Kendrick	Vice President	0.50	Officer Director	$0	$0	$0
Shirley Dixon	Treasurer	0.50	Officer Director	$0	$0	$0
Angela T Corbett	Secretary	0.50	Officer Director	$0	$0	$0
Calvin Jones	Trustee	0.50	Director	$0	$0	$0
Gladys Shaw	Trustee	0.50	Director	$0	$0	$0
Johnnie Jeffries	Trustee	0.50	Director	$0	$0	$0
Veronica Revels	CEO	5.00	Officer	$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	$357,232	$482,688	$1,894,959	$-125,456
2024	$347,384	$444,217	$2,040,761	$-96,833
2023	$337,852	$383,801	$2,230,781	$-45,949
2022	$331,526	$272,348	$2,267,488	$59,178
2021	$318,717	$521,366	$2,248,309	$-202,649
2020	$322,476	$317,076	$2,325,739	$5,400
2019	$308,130	$324,446	$2,351,479	$-16,316

First Baptist Apple Street Housing Foundation