WESTOVER APARTMENTS INC

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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

1987

Legal Domicile

Principal Officer

A JOY JAY

Phone

8037795363

Tax Period

2025-01-01 to 2025-12-31

WESTOVER APARTMENTS INC, founded in 1987, is a small nonprofit that reported $261K in total revenue in fiscal year 2025.

Mission

PROVIDED HOUSING FOR CHRONICALLY MENTALLY ILL PERSONS BY OPERATING AN APARTMENT COMMUNITY REGULATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959.

Program Service Accomplishments

Program 1

Expenses: $235,270

SAME AS ORGANIZATION MISSION STATED ABOVE

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $259,569

Investment Income $201

Other Revenue $928

TOTAL REVENUE $260,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,232

Fundraising Expenses $0

Program Expenses $235,270

Other Expenses $163,844

TOTAL EXPENSES $261,076

Year-over-Year Comparison

	2025	2024	Change
Revenue	$260,698	$249,944	+0.0%
Expenses	$261,076	$248,191	+0.1%
Net Income	$-378	$1,753	-1.2%

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
RUSSELL ABNEY	BOARD MEMBER	N/A	Director	$0	$0	$0
ANN BATTIN	VICE PRESIDE	N/A	Director	$0	$0	$0
A JOY JAY	EXEC.DIRECTO	N/A	Director	$0	$0	$0
JOHN MCGILL	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEREMY WILSON	BOARD MEMBER	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
2025	$260,698	$261,076	$427,608	$-378
2024	$249,944	$248,191	$440,069	$1,753
2023	$249,271	$247,701	$475,695	$1,570
2022	$239,556	$268,033	$493,566	$-28,477
2021	$251,873	$241,529	$557,925	$10,344
2020	$253,497	$205,062	$562,221	$48,435
2019	$249,014	$223,575	$558,480	$25,439
2018	$226,302	$204,538	$539,331	$21,764