SOUTHGATE APARTMENT NONPROFIT HOUSING (EIN 593325858) - 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

1996

Legal Domicile

Principal Officer

ROBERT L TENNANT

Phone

8138841081

Tax Period

2024-07-01 to 2025-06-30

SOUTHGATE APARTMENT NONPROFIT HOUSING, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 4% surplus.

Mission

PROVIDES HOUSING TO VERY LOW, LOW AND MODERATE INCOME HOUSING TENNANTS

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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 $1,473,653

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,473,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,145

Fundraising Expenses $0

Program Expenses $1,421,728

Other Expenses $1,076,584

TOTAL EXPENSES $1,421,729

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,473,653	$1,551,169	0.0%
Expenses	$1,421,729	N/A	N/A
Net Income	$51,924	$1,551,169	-1.0%

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

N/A

Employees

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
ARTHUR BONNIE	PRESIDENT	3	Officer	$0	$0	$0
JOYCE CHAPLEAU	DIRECTOR	3	Officer	$0	$0	$0
PARLETT BARLET	DIRECTOR	3	Officer	$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	$1,473,653	$1,421,729	$2,433,667	$51,924
2024	$1,551,169	$1,484,260	$2,367,682	$66,909
2023	$1,370,081	$1,325,179	$2,273,601	$44,902
2022	$1,209,554	$1,192,448	$2,199,830	$17,106
2021	$1,083,974	$1,078,879	$2,252,533	$5,095
2020	$1,031,952	$1,053,865	$2,244,619	$-21,913
2019	$987,815	$1,062,123	$2,189,957	$-74,308

SOUTHGATE APARTMENT NONPROFIT HOUSING