PARKLANE APARTMENTS INC

EIN: 710775762 501(c)(3) Housing & Shelter

FORT SMITH, AR

Total Revenue
$609,044
Total Expenses
$596,580
Total Assets
$1,201,375
Net Assets
$526,491
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
AR
Principal Officer
FARRELL SEXTON
Phone
4797827268
Tax Period
2025-01-01 to 2025-12-31

PARKLANE APARTMENTS INC, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $531K in total revenue in fiscal year 2018.

Mission

NON-PROFIT HOUSING FOR LOW INCOME INDIVIUDALS, 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $428,735
Program Service Revenue $180,290
Investment Income $19
Other Revenue $0
TOTAL REVENUE $609,044

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,032
Fundraising Expenses $0
Program Expenses $395,086
Other Expenses $491,548
TOTAL EXPENSES $596,580

Year-over-Year Comparison

2025 2024 Change
Revenue $609,044 $593,401 +0.0%
Expenses $596,580 $613,563 0.0%
Net Income $12,464 $-20,162 -1.6%
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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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FARRELL SEXTON PRESIDENT 0.00
Officer Director
$0 $0 $0
POWELL SANDERS VICE PRESIDENT 0.00
Director
$0 $0 $0
MICHELLE SEXTON SECRETARY 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 $609,044 $596,580 $1,201,375 $12,464
2023 $603,974 $562,222 $1,306,792 $41,752
2022 $577,467 $523,008 $1,288,372 $54,459
2021 $575,646 $626,135 $1,219,440 $-50,489
2020 $517,966 $538,936 $1,314,916 $-20,970
2019 $523,787 $617,567 $1,355,383 $-93,780
2018 $530,982 $564,059 $1,481,256 $-33,077
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