ASSEMBLY TERRACE INC (EIN 582044986) - 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

1993

Legal Domicile

Principal Officer

DR LEILA VICKERS

Phone

3367650424

Tax Period

2023-07-01 to 2024-06-30

ASSEMBLY TERRACE INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $437K in total revenue in fiscal year 2023. Expenses of $488K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 60 UNIT APARTMENT COMMUNITY IN WINSTON SALEM, NC KNOWN AS ASSEMBLY TERRACE APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

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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 $148,974

Program Service Revenue $269,616

Investment Income $12,858

Other Revenue $5,065

TOTAL REVENUE $436,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,245

Other Expenses $487,682

TOTAL EXPENSES $487,682

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,513	$410,859	+0.1%
Expenses	$487,682	$451,380	+0.1%
Net Income	$-51,169	$-40,521	+0.3%

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
DR LEILA VICKERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
BORIS ELDER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CYNTHIA EVERHART	DIRECTOR	0.50	Director	$0	$0	$0
RODNEY ASHBY	DIRECTOR	0.50	Director	$0	$0	$0
SHIRLEY RHOADES PINNIX	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY BEEMAN	DIRECTOR	0.50	Director	$0	$0	$0
BRIANA BREWER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID HENSON	DIRECTOR	0.50	Director	$0	$0	$0
SCIPIO TUCKER	DIRECTOR	0.50	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	No data	No data	No data	No data
2024	$436,513	$487,682	$1,385,812	$-51,169
2023	$410,859	$451,380	$1,434,850	$-40,521
2022	$409,692	$485,826	$1,472,361	$-76,134
2021	$411,164	$447,923	$1,546,283	$-36,759
2020	$399,401	$448,244	$1,583,810	$-48,843
2019	$392,850	$447,765	$1,632,504	$-54,915

ASSEMBLY TERRACE INC