BETHEL APARTMENTS INC (EIN 720784109) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

LYDELL SCOTT

Phone

3184248720

Tax Period

2021-07-01 to 2022-06-30

BETHEL APARTMENTS INC, founded in 1969, is a small nonprofit that reported $596K in total revenue in fiscal year 2021. Expenses of $707K exceeded revenue, resulting in a 19% operating deficit.

Mission

To provide adequate decent housing to very low and low income families in Alexandria Louisiana utilizing Section 202 of the Federal Housing Act and Section 8 of the Department of Housing and Urban Developments programs to assist very low and low income families.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $595,756

Investment Income $61

Other Revenue $0

TOTAL REVENUE $595,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,976

Fundraising Expenses $0

Program Expenses $707,248

Other Expenses $580,272

TOTAL EXPENSES $707,248

Year-over-Year Comparison

	2021	2020	Change
Revenue	$595,817	$596,870	0.0%
Expenses	$707,248	$706,200	+0.0%
Net Income	$-111,431	$-109,330	+0.0%

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

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
JAMES POWELL	EXEC. VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
RUBY W SMITH	HISTORIAN	001.00	Director	$0	$0	$0
BEATRICE VANZANT	PUBLIC RELATIONS	001.00	Director	$0	$0	$0
EDDIE MAE W WASHINGTON	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
KIM D GRAYSON	SECRETARY	001.00	Officer Director	$0	$0	$0
FRED WOOLFOLK	RESIDENT LIAISON	001.00	Director	$0	$0	$0
RODNEY TAYLOR	RESIDENT LIAISON	001.00	Director	$0	$0	$0
MELVINER BAILEY	RESIDENT LIAISON	001.00	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
2022	$595,817	$707,248	$2,898,638	$-111,431
2021	$596,870	$706,200	$2,990,383	$-109,330
2020	$584,865	$646,457	$3,131,789	$-61,592
2019	$574,518	$699,700	$3,250,338	$-125,182
2018	$550,726	$642,917	$3,369,013	$-92,191

BETHEL APARTMENTS INC