Metrocenter Teachers Apartment Inc

EIN: 591778757 501(c)(3) Human Services

Nashville, TN

Total Revenue
$2,094,236
Total Expenses
$2,279,696
Total Assets
$6,434,390
Net Assets
$-966,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
TN
Principal Officer
Gwen McFarland
Phone
6152594332
Tax Period
2022-01-01 to 2022-12-31

Metrocenter Teachers Apartment Inc, founded in 1976, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2022.

Mission

To provided quality and affordable low income housing for the Elderly

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,079,067
Investment Income $4,352
Other Revenue $10,817
TOTAL REVENUE $2,094,236

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,279,696
Other Expenses $2,279,696
TOTAL EXPENSES $2,279,696

Year-over-Year Comparison

2022 2021 Change
Revenue $2,094,236 $2,103,685 0.0%
Expenses $2,279,696 $2,245,195 +0.0%
Net Income $-185,460 $-141,510 +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

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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
10

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
3
$0
Total Directors
10
$50,003
Key Employees
1
$50,003
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra Edwards DeFrance Manager 040.00
Director Key Emp Highest
$50,003 $0 $50,003
Alfred Coleman Chairman 002.00
Officer Director
$0 $0 $0
Ernestine Hazelwood Vice Chair 002.00
Officer Director
$0 $0 $0
Ola G Hudson Secretary 002.00
Officer Director
$0 $0 $0
Rose Marie Howell Member 000.50
Director
$0 $0 $0
Mary Lanier Member 000.50
Director
$0 $0 $0
Geroge Cate Jr Attorney 000.50
Director
$0 $0 $0
George Kersey Member 000.50
Director
$0 $0 $0
Robert W Gogen member 000.50
Director
$0 $0 $0
Clarence C White Jr Member 000.50
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
2024 No data No data No data No data
2022 $2,094,236 $2,279,696 $6,434,390 $-185,460
2021 $2,103,685 $2,245,195 $6,757,821 $-141,510
2020 $2,113,448 $2,176,250 $6,333,360 $-62,802
2019 $2,102,891 $2,331,813 $6,513,160 $-228,922
2018 $2,014,809 $2,315,361 $6,886,570 $-300,552
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