UNION AVENUE BAPTIST HOUSING MINISTRIES INC (EIN 581360274) - 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

1981

Legal Domicile

Principal Officer

BEVERLY HERRIMAN

Phone

9012745403

Tax Period

2024-01-01 to 2024-12-31

UNION AVENUE BAPTIST HOUSING MINISTRIES INC, founded in 1981, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

UNION AVENUE BAPTIST HOUSING MINISTRIES, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED ON APRIL 25, 1977, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF TENNESSEE. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING AN 85-UNIT COMMUNITY LOCATED IN MEMPHIS, TENNESSEE KNOWN AS UNION AVENUE BAPTIST TOWERS, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW AND EXTREMELY LOW INCOME ELDERLY PERSONS. THE PROJECT WAS ORIGINALLY FINANCED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON JULY 31, 2008, THE ORIGINAL MORTGAGE WAS REPAID WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED, AND WAS AGAIN REFINANCED IN 2023 WITH PROCEEDS FROM A LOAN INSURED BY HUD UNDER SECTION 207 PURSUANT TO 223(F) 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 $867,129

Program Service Revenue $420,413

Investment Income $38,220

Other Revenue $0

TOTAL REVENUE $1,325,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,227

Fundraising Expenses $0

Program Expenses $1,369,054

Other Expenses $1,357,429

TOTAL EXPENSES $1,506,656

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,325,762	$1,151,104	+0.2%
Expenses	$1,506,656	$1,221,311	+0.2%
Net Income	$-180,894	$-70,207	+1.6%

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

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
JAMES THRELKELD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY FRANCES WILLIAMSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JEREMY WRIGHT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BENNIE BANE	DIRECTOR	1.00	Director	$0	$0	$0
MARY A CALVERY	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW YOUNGER	DIRECTOR	1.00	Director	$0	$0	$0
ROYCE I SHELLABARGER	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN WILKES	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY ZUBER	DIRECTOR	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
2024	$1,325,762	$1,506,656	$5,603,345	$-180,894
2023	$1,151,104	$1,221,311	$6,163,323	$-70,207
2022	$880,134	$888,202	$1,058,092	$-8,068
2021	$810,168	$849,342	$1,095,886	$-39,174
2020	$859,528	$810,631	$1,111,920	$48,897
2019	$815,749	$837,739	$1,119,840	$-21,990
2018	$787,055	$849,929	$1,194,397	$-62,874

UNION AVENUE BAPTIST HOUSING MINISTRIES INC