ROYAL TERRACE APARTMENTS INC C/O SOUTHLAND MANAGEMENT CORPORATION (EIN 581984916) - 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

PAIGE GOSS

Phone

6018941771

Tax Period

2024-11-01 to 2025-10-31

ROYAL TERRACE APARTMENTS INC C/O SOUTHLAND MANAGEMENT CORPORATION, founded in 1991, is a small nonprofit in the Health Care sector that reported $155K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE LOW-INCOME HOUSING UNITS FOR THE BLIND IN HAZLEHURST, MS.

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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 $0

Program Service Revenue $155,111

Investment Income $19

Other Revenue $0

TOTAL REVENUE $155,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,235

Fundraising Expenses $0

Program Expenses $132,429

Other Expenses $121,955

TOTAL EXPENSES $167,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$155,130	$142,274	+0.1%
Expenses	$167,190	$169,153	0.0%
Net Income	$-12,060	$-26,879	-0.6%

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

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
PATRICK LINDSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAIGE GOSS	TREASURER	1.00	Officer Director	$0	$0	$0
MARISA CHRISMON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DUWAYNE GILBERTSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARLENE COCKRELL	BOARD CHAIR	1.00	Officer 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	$155,130	$167,190	$251,880	$-12,060
2024	$142,274	$169,153	$268,217	$-26,879
2023	$136,246	$154,556	$291,537	$-18,310
2022	$128,145	$153,411	$308,493	$-25,266
2021	$125,139	$143,957	$335,597	$-18,818
2020	$125,710	$135,612	$350,288	$-9,902
2019	$127,617	$137,383	$368,684	$-9,766
2018	$124,328	$141,106	$381,243	$-16,778

ROYAL TERRACE APARTMENTS INC C/O SOUTHLAND MANAGEMENT CORPORATION