APARTMENT ASSOCIATION OF SOUTHEAST… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

JOSH ALLEN

Phone

4098933337

Tax Period

2025-01-01 to 2025-12-31

APARTMENT ASSOCIATION OF SOUTHEAST TEXAS, founded in 1968, is a micro nonprofit that reported $65K in total revenue in fiscal year 2025. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $105K exceeded revenue, resulting in a 61% operating deficit.

Mission

EDUCATION FOR PERSONS CONCERNED WITH THE OWNERSHIP, CONSTRUCTION AND MANAGEMENT OF MULTI-FAMILY HOUSING IN SOUTHEAST TEXAS

Program Service Accomplishments

Program 1

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $64,958

Investment Income $0

Other Revenue $0

TOTAL REVENUE $64,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42

Fundraising Expenses $0

Other Expenses $104,514

TOTAL EXPENSES $104,556

Year-over-Year Comparison

	2025	2024	Change
Revenue	$64,958	$215,310	-0.7%
Expenses	$104,556	$101,650	+0.0%
Net Income	$-39,598	$113,660	-1.3%

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
JOSH ALLEN	OWNER DIRECT	N/A	Officer	$0	$0	$0
LAYLA KERAMATI	VP PRODUCT S	N/A	Officer	$0	$0	$0
TINA PRINCE	VP MEMBERSHI	N/A	Director	$0	$0	$0
EARNESTINE COLBERT	TREASURER	N/A	Director	$0	$0	$0
KATHY BARRILLEAUX	OWNER DIRECT	N/A	Director	$0	$0	$0
NELSON JIMENEZ JR	ASSOCIATE DI	N/A	Director	$0	$0	$0
CHRIS DANNA	ASSOCIATE DI	N/A	Director	$0	$0	$0
BRENDA SCOTT	PRESIDENT	N/A	Director	$0	$0	$0
GILBERT CONTRERAS	OWNER DIRECT	N/A	Director	$0	$0	$0
GENELLE SCOTT	OWNER DIRECT	N/A	Director	$0	$0	$0
KATRINA WRIGHT	OWNER DIRECT	N/A	Director	$0	$0	$0
LEYLA BARCHETT	ASSOCIATE DI	N/A	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	$64,958	$104,556	$274,696	$-39,598
2024	No data	No data	No data	No data

APARTMENT ASSOCIATION OF SOUTHEAST TEXAS