RG Apartments Inc (EIN 631188067) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

Clyde T Windsor

Phone

3347272340

Tax Period

2024-03-01 to 2025-02-28

RG APARTMENTS INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $111K in total revenue in fiscal year 2020. Expenses of $125K exceeded revenue, resulting in a 12% operating deficit.

Mission

Provides Section 202 housing for the low income elderly and handicapped

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,078

Program Service Revenue $144,511

Investment Income $63

Other Revenue $0

TOTAL REVENUE $147,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,885

Fundraising Expenses $0

Program Expenses $195,377

Other Expenses $160,492

TOTAL EXPENSES $195,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,652	$138,289	+0.1%
Expenses	$195,377	$177,481	+0.1%
Net Income	$-47,725	$-39,192	+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

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

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	Secretary	5.00	Director	$0	$0	$0
Lois Askew	Director	0.00	Director	$0	$0	$0
Columbus Meadows	Director	0.00	Director	$0	$0	$0
Essie Buchannan	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	$147,652	$195,377	$704,531	$-47,725
2024	$138,289	$177,481	$755,733	$-39,192
2022	$106,205	$158,129	$835,383	$-51,924
2021	$110,930	$124,560	$884,157	$-13,630

RG Apartments Inc