J&J APARTMENTS INC (EIN 571126190) - 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

2001

Legal Domicile

Principal Officer

BESSIE ABRAHAM

Phone

8035361056

Tax Period

2024-07-01 to 2025-06-30

J&J APARTMENTS INC, founded in 2001, is a small nonprofit that reported $187K in total revenue in fiscal year 2024.

Mission

J&J APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING AN 18 UNIT PROPERTY KNOWN AS JAMISON VILLAGE APARTMENTS LOCATED IN ORANGEBURG, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR THE LOW INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $131,986

Program Service Revenue $47,412

Investment Income $6,243

Other Revenue $1,693

TOTAL REVENUE $187,334

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $138,227

Other Expenses $189,189

TOTAL EXPENSES $189,189

Year-over-Year Comparison

	2024	2023	Change
Revenue	$187,334	$183,961	+0.0%
Expenses	$189,189	$173,475	+0.1%
Net Income	$-1,855	$10,486	-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
PHYLLIS WOLFE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BESSIE ABRAHAM	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBORAH G HAILEY	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMES JENNINGS	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE THOMAS	BOARD MEMBER	2.00	Director	$0	$0	$0
LUTHER GREEN	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD OWENS	BOARD MEMBER	2.00	Director	$0	$0	$0
EARTHA S FULLER	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET E STROMAN	BOARD MEMBER	2.00	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	$187,334	$189,189	$896,922	$-1,855
2024	$183,961	$173,475	$899,840	$10,486
2023	$201,505	$168,934	$904,070	$32,571
2022	$178,938	$162,196	$858,309	$16,742
2021	$174,059	$161,987	$843,441	$12,072
2020	$142,694	$156,288	$823,868	$-13,594
2019	$141,961	$135,079	$842,544	$6,882

J&J APARTMENTS INC