THE BOWMAN LOW RENTAL HOUSING INC (EIN 570903378) - 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

1991

Legal Domicile

Principal Officer

ROOSEVELT MATTHEWS

Phone

8035361056

Tax Period

2023-01-01 to 2023-12-31

THE BOWMAN LOW RENTAL HOUSING INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $219K in total revenue in fiscal year 2023. The organization ran a surplus of $69K, a strong 32% operating margin.

Mission

TO OPERATE A 24 UNIT COMMUNITY KNOWN AS CEDARWOOD VILLAS LOCATED IN BOWMAN, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY OR DISABLED INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $158,974

Program Service Revenue $57,109

Investment Income $2,511

Other Revenue $193

TOTAL REVENUE $218,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,587

Other Expenses $149,288

TOTAL EXPENSES $149,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,787	$205,350	+0.1%
Expenses	$149,288	$159,892	-0.1%
Net Income	$69,499	$45,458	+0.5%

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

N/A

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
ROOSEVELT MATTHEWS	PRESIDENT	10.00	Officer	$0	$0	$0
HATTIE GAINES	SECRETARY/TREASURER	0.00	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
2024	No data	No data	No data	No data
2023	$218,787	$149,288	$663,283	$69,499
2022	$205,350	$159,892	$608,656	$45,458
2021	$202,944	$154,861	$576,855	$48,083
2020	$189,979	$168,952	$551,683	$21,027
2019	$186,234	$168,932	$532,772	$17,302
2018	$176,469	$154,992	$528,019	$21,477

THE BOWMAN LOW RENTAL HOUSING INC