CAIN CENTER APARTMENTS INC DBA BROWN-M

EIN: 611248979 501(c)(3)

LOUISVILLE, KY

Total Revenue
$173,651
Total Expenses
$222,279
Total Assets
$637,798
Net Assets
$518,980
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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
CURTIS THRUSH
Phone
5025893030
Tax Period
2024-04-01 to 2025-03-31

CAIN CENTER APARTMENTS INC DBA BROWN-M, founded in 1993, is a small nonprofit that reported $174K in total revenue in fiscal year 2024. Expenses of $222K exceeded revenue, resulting in a 28% operating deficit.

Mission

CAIN CENTER APARTMENTS, INC. D/B/A BROWN-MACKINNON APARTMENTS WAS FORMED TO PROVIDE HOUSING FACILITIES MAINTAINED AND OPERATED ON A CHARITABLE AND NON-PROFIT BASIS. SPECIFICALLY, THE ORGANIZATION HAS CONSTRUCTED A 24-UNIT APARTMENT COMPLEX TO HOUSE HANDICAPPED INDIVIDUALS.

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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 $173,314
Investment Income $66
Other Revenue $271
TOTAL REVENUE $173,651

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $175,752
Other Expenses $222,279
TOTAL EXPENSES $222,279

Year-over-Year Comparison

2024 2023 Change
Revenue $173,651 $170,022 +0.0%
Expenses $222,279 $232,880 0.0%
Net Income $-48,628 $-62,858 -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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$115,155
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CURTIS THRUSH PRESIDENT 1.00
Officer Director
$0 $0 $0
JERRY BODINE MEMBER 1.00
Director
$0 $0 $0
KENNETH DOANE MEMBER 1.00
Director
$0 $0 $0
PENELOPE BAKER MEMBER 1.00
Director
$0 $0 $0
LINDA HOUSE EXECUTIVE DIRECTOR 5.00
Officer
$0 $0 $115,155
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 $173,651 $222,279 $637,798 $-48,628
2024 $170,022 $232,880 $680,218 $-62,858
2023 $170,951 $202,343 $721,508 $-31,392
2022 $139,770 $181,935 $745,292 $-42,165
2021 $139,035 $195,628 $784,260 $-56,593
2020 $153,441 $200,043 $827,829 $-46,602
2019 $154,140 $213,401 $875,192 $-59,261
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