AUSTINBURG APARTMENTS INC

EIN: 611177937 501(c)(3) Housing & Shelter

NEWPORT, KY

Total Revenue
$323,650
Total Expenses
$380,487
Total Assets
$1,028,279
Net Assets
$-899,908
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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
KY
Principal Officer
W Winkler
Phone
8594918303
Tax Period
2024-07-01 to 2025-06-30

AUSTINBURG APARTMENTS INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $324K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $380K exceeded revenue, resulting in a 18% operating deficit.

Mission

RENTAL HOUSING-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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $323,650
Investment Income $0
Other Revenue $0
TOTAL REVENUE $323,650

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $332,231
Other Expenses $380,487
TOTAL EXPENSES $380,487

Year-over-Year Comparison

2024 2023 Change
Revenue $323,650 $268,827 +0.2%
Expenses $380,487 $317,258 +0.2%
Net Income $-56,837 $-48,431 +0.2%
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
5
Independent Members
5
Employees
6
Volunteers
8

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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEE SCHEDULE SEE SCHEDULE 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 $323,650 $380,487 $1,028,279 $-56,837
2024 $268,827 $317,258 $1,085,577 $-48,431
2023 $264,954 $299,514 $1,148,332 $-34,560
2022 $244,027 $273,809 $1,174,085 $-29,782
2021 $231,467 $267,183 $1,196,124 $-35,716
2020 $249,479 $274,838 $1,233,115 $-25,359
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