MT PISGAH APARTMENTS INC (EIN 570536716) - 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

1969

Legal Domicile

Principal Officer

REV E ROBERT THOMAS

Phone

8038083966

Tax Period

2024-07-01 to 2025-06-30

MT PISGAH APARTMENTS INC, founded in 1969, is a small nonprofit that reported $661K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $622K left a modest 6% surplus.

Mission

PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND FAMILIES DISPLACED FROM URBAN RENEWAL AREAS AS A RESULT OF GOVERNMENT ACTION, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.

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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 $481,209

Program Service Revenue $152,322

Investment Income $0

Other Revenue $26,991

TOTAL REVENUE $660,522

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,625

Fundraising Expenses $0

Program Expenses $559,032

Other Expenses $448,509

TOTAL EXPENSES $622,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$660,522	$586,007	+0.1%
Expenses	$622,134	$628,842	0.0%
Net Income	$38,388	$-42,835	-1.9%

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
GEORGE BOWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LUCILLE BURNETT	TREASURER	1.00	Officer Director	$0	$0	$0
BETTY FRIERSON	DISTRICT MAN	1.00	Director	$0	$0	$0
DR VALENCIA GRAY-WILLIAMS	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
SANEDRA STALEY	PROPERTY MAN	1.00	Director	$0	$0	$0
BARBARA TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
REV E ROBERT THOMAS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MICHAEL TINDAL	SECRETARY	1.00	Officer Director	$0	$0	$0
NATALIE WILLIAMS	BOARD MEMBER	1.00	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	$660,522	$622,134	$594,757	$38,388
2024	$586,007	$628,842	$559,232	$-42,835
2023	$573,997	$507,276	$580,169	$66,721
2022	$554,632	$513,280	$518,402	$41,352
2021	$565,294	$505,670	$487,110	$59,624
2020	$533,000	$426,120	$529,634	$106,880
2019	$517,650	$502,181	$649,332	$15,469

MT PISGAH APARTMENTS INC