E D Nixon Apartments Inc

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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

1983

Legal Domicile

Principal Officer

Clyde T Windsor

Phone

3347272340

Tax Period

2024-03-01 to 2025-02-28

E D Nixon Apartments Inc, founded in 1983, is a small nonprofit that reported $441K in total revenue in fiscal year 2024. Expenses of $395K left a modest 10% surplus.

Mission

Provide Section 202 housing for the elderly and handicapped

Program Service Accomplishments

Program 1

Expenses: $395,136 Revenue: $441,047

E. D. Nixon Apartments, Inc. provide housing for the low income elderly and handicapped under Section 202 of the National Housing Act.

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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 $435,787

Investment Income $5,242

Other Revenue $18

TOTAL REVENUE $441,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $116,702

Fundraising Expenses $0

Program Expenses $395,136

Other Expenses $278,434

TOTAL EXPENSES $395,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$441,047	$411,124	+0.1%
Expenses	$395,136	$381,048	+0.0%
Net Income	$45,911	$30,076	+0.5%

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

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

$78,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dorris C Overton	President	5.00	Director	$0	$0	$0
Hawthorne Reid	Vice President	0.00	Director	$0	$0	$0
Clyde T Windsor	Treasurer	5.00	Director	$0	$0	$78,234
Cynthia Walford	Director	0.00	Director	$0	$0	$0
Betty White	Director	0.00	Director	$0	$0	$0
Maxine Caldwell	Director	0.00	Director	$0	$0	$0
Wayne Wilson	Director	0.00	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	$441,047	$395,136	$1,200,649	$45,911
2024	$411,124	$381,048	$1,204,711	$30,076
2022	$374,544	$340,889	$1,246,623	$33,655
2021	$385,354	$364,148	$1,263,605	$21,206