Fort Myers, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DUNBAR IMPROVEMENT ASSOCIATION INC, founded in 1979, is a small nonprofit that reported $954K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 22% operating deficit.
The organization provides affordable housing and services to low-income and handicapped persons through the ownership and operation of apartment buildings consisting of 100 project based section 8 units in Fort Myers, FL.
The organization provides affordable housing and services to low-income and handicapped persons through the ownership and operation of apartment buildings consisting of 100 project based section 8...
The organization provides affordable housing and services to low-income and handicapped persons through the ownership and operation of apartment buildings consisting of 100 project based section 8 units in Fort Myers, FL. The agency engaged consultants to assist with developing plans and procuring funding, both debt restructure and grants, to perform a major renovation of the 100 unit development. The agency was awarded SHIP grants in 2017, 2018, 2019, 2020 and 2021. Restructure of the long-term debt and the procurement of additional funding was accomplished in 2018. The major renovation was completed December 2019. The agency continued renovation of other areas of development in 2021, 2022 and 2023.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $954,288 | $948,889 | +0.0% |
| Expenses | $1,166,091 | $1,314,898 | -0.1% |
| Net Income | $-211,803 | $-366,009 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Audrea Anderson | Director/President | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Melvin Morgan | Director | 1 |
Director
|
$0 | $0 | $0 |
| Nancy Sims | Director/Treasurer | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Mattie Young | Director/Secretary | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $954,288 | $1,166,091 | $6,320,192 | $-211,803 |
| 2022 | $948,889 | $1,314,898 | $6,569,978 | $-366,009 |
| 2021 | $1,028,084 | $961,701 | $7,018,895 | $66,383 |
| 2020 | $1,034,517 | $941,589 | $6,971,522 | $92,928 |
Compare DUNBAR IMPROVEMENT ASSOCIATION INC with other nonprofits in Florida and across the country.