JOSEPH PAUL APARTMENTS INC (EIN 570545801) - 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

1970

Legal Domicile

Principal Officer

LU REAMES

Phone

8038083966

Tax Period

2024-10-01 to 2025-09-30

JOSEPH PAUL APARTMENTS INC, founded in 1970, is a small nonprofit that reported $896K in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. The organization ran a surplus of $419K, a strong 47% operating margin.

Mission

PROVIDE AFFORDABLE HOUSING FOR LOW TO MODERATE 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 $443,038

Program Service Revenue $179,847

Investment Income $4,713

Other Revenue $268,695

TOTAL REVENUE $896,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $442,432

Other Expenses $476,900

TOTAL EXPENSES $476,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$896,293	$488,886	+0.8%
Expenses	$476,900	$531,442	-0.1%
Net Income	$419,393	$-42,556	-10.9%

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
CYNTHIA ALSTON-BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
RADIA BAXTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BENNETT	BOARD MEMBER	1.00	Director	$0	$0	$0
HENRY DARBY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GLASSPEIGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
LAMAR HOLT	PROPERTY OAS	1.00	Officer Director	$0	$0	$0
DEON JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER LORRIS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LU REAMES	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ERIK ROCHE	FINANCE CHAI	1.00	Officer Director	$0	$0	$0
TUFFUS ZIMBABWE	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	$896,293	$476,900	$929,190	$419,393
2024	$488,886	$531,442	$766,927	$-42,556
2023	$491,921	$402,392	$565,417	$89,529
2022	$466,831	$454,990	$510,943	$11,841
2021	$472,120	$396,874	$524,735	$75,246
2020	$431,156	$379,207	$454,052	$51,949
2019	$411,929	$381,922	$438,430	$30,007
2018	$411,112	$347,340	$392,964	$63,772

JOSEPH PAUL APARTMENTS INC