THE APARTMENT ASSOC OF THE TENNESSEE VALLEY INC

EIN: 631096000

MADISON, AL

Total Revenue
$191,733
Total Expenses
$162,606
Total Assets
$238,615
Net Assets
$237,547
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Principal Officer
MALLORY MITCHELL
Phone
2565392998
Tax Period
2023-01-01 to 2023-12-31

THE APARTMENT ASSOC OF THE TENNESSEE VALLEY INC is a small nonprofit that reported $156K in total revenue in fiscal year 2022. Expenses of $144K left a modest 8% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO EDUCATE AND PROVIDE INFORMATION REGARDING APARTMENT HOUSING IN THE TENNESSEE VALLEY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $147,632
Program Service Revenue $14,043
Investment Income $1,035
Other Revenue $29,023
TOTAL REVENUE $191,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $43,604
Fundraising Expenses $0
Program Expenses $27,624
Other Expenses $119,002
TOTAL EXPENSES $162,606

Year-over-Year Comparison

2023 2022 Change
Revenue $191,733 $156,444 +0.2%
Expenses $162,606 $144,498 +0.1%
Net Income $29,127 $11,946 +1.4%
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

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Governance

Voting Members
16
Independent Members
16
Employees
1
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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRIS BELL PARLIAMENTAR 2.00
Officer
$0 $0 $0
CODY BREWER TREASURER 2.00
Officer
$0 $0 $0
CHANCE CHILDERS SECRETARY 2.00
Officer
$0 $0 $0
MALLORY MITCHELL PRESIDENT 5.00
Officer
$0 $0 $0
TERRIKA PARKER PRESIDENT EL 2.00
Officer
$0 $0 $0
CAROLINE THOMPSON PAST PRESIDE 2.00
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
2024 No data No data No data No data
2023 $191,733 $162,606 $238,615 $29,127
2022 $156,444 $144,498 $209,496 $11,946
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