FIFTH STREET HIGHRISE INC (EIN 610734695) - 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

1972

Legal Domicile

Principal Officer

CECIL BROOKINS

Phone

5025871259

Tax Period

2024-03-01 to 2025-02-28

FIFTH STREET HIGHRISE INC, founded in 1972, is a micro nonprofit in the Housing & Shelter sector that reported $3K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2K, a strong 57% operating margin.

Mission

A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF KENTUCKY. THE CORPORATION WASORGANIZED AS A NONPROFIT ORGANIZATION TO ACQUIRE, OWN, CONSTRUCT ANDOPERATE J.O. BLANTON HOUSE, A 258-UNIT APARTMENT COMPLEX IN LOUISVILLE,KENTUCKY. THE CORPORATION RECEIVES HOUSING ASSISTANCE PAYMENTS FROMTHE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TOSECTION 236 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON OCTOBER 19,2018, THE PROPERTY SOLD TO JO BLANTON AFFORDABLE LIMITED PARTNERSHIP.FIFTH STREET HIGHRISE INC. NOW FUNDS THE PROJECT THROUGH A SELLERCARRYBACK LOAN, AND IS THE MANAGING MEMBER OF FIFTH STREET HOUSING GP,LLC. FIFTH STREET HOUSING GP, LLC IS THE GENERAL PARTNER OF JO BLANTONAFFORDABLE LIMITED PARTNERSHIP. THE MAIN PURPOSE OF FIFTH STREETHIGHRISE INC. GOING FORWARD WILL BE TO SERVE AS A FINANCING ARM OF THELOW INCOME PROJECT NOW OWNED BY JO BLANTON AFFORDABLE LIMITEDPARTNERSHIP.

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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 $0

Investment Income $3,200

Other Revenue $0

TOTAL REVENUE $3,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,360

TOTAL EXPENSES $1,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,200	$4,273	-0.3%
Expenses	$1,360	$2,660	-0.5%
Net Income	$1,840	$1,613	+0.1%

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

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
CECIL BROOKINS	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAWRENCE DULIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHARLES V PIPHUS JR	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES MACK	DIRECTOR	1.00	Director	$0	$0	$0
ARNED ARTER	DIRECTOR	1.00	Director	$0	$0	$0
ADOLPH THOMPKINS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL BRANCH	DIRECTOR	1.00	Director	$0	$0	$0
LAURICE SHERRER	DIRECTOR	1.00	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	$3,200	$1,360	$15,145,674	$1,840
2024	$4,273	$2,660	$15,143,834	$1,613
2023	$5,401	No data	$15,142,221	No data
2022	$30,592	$2,125	$15,136,820	$28,467
2021	$142,558	$4,045	$15,108,353	$138,513

FIFTH STREET HIGHRISE INC