SCHAADT APARTMENT CORPORATION

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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

2012

Legal Domicile

Principal Officer

LASHAUN WOODS

Phone

2197571921

Tax Period

2024-07-01 to 2025-06-30

SCHAADT APARTMENT CORPORATION, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $78K in total revenue in fiscal year 2024. Expenses of $177K exceeded revenue, resulting in a 126% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $150,277 Revenue: $46,974

TO PROMOTE THE WELFARE OF HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY...

TO PROMOTE THE WELFARE OF HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NON-PROFIT BASIS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $31,475

Program Service Revenue $46,974

Investment Income $47

Other Revenue $0

TOTAL REVENUE $78,496

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,277

Other Expenses $177,444

TOTAL EXPENSES $177,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,496	$74,622	+0.1%
Expenses	$177,444	$192,705	-0.1%
Net Income	$-98,948	$-118,083	-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

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

$558,746

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA HOUCK	CHAIR	0.50	Officer Director	$0	$0	$0
LINDA JONAITIS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DR AMY HAN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
CAROL DRASGA	BOARD MEMBER	0.50	Director	$0	$0	$0
GARY JOHNSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DANIEL KLEIN	BOARD MEMBER	0.50	Director	$0	$0	$0
DANNY LACKEY	BOARD MEMBER	0.50	Director	$0	$0	$0
DONALD LEVINSON	BOARD MEMBER	0.50	Director	$0	$0	$0
JONATHAN PETERSEN	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRY QUINN	BOARD MEMBER	0.50	Director	$0	$0	$0
RANDALL SHEPARD	BOARD MEMBER	0.50	Director	$0	$0	$0
MADRIEL TERRELL	BOARD MEMBER	0.50	Director	$0	$0	$0
THOMAS O'DONNELL	BOARD MEMBER PARTIAL TERM	0.50	Director	$0	$0	$0
LASHAUN WOODS	EX-OFFICIO & GEMINUS CFO	2.00	Officer	$0	$14,242	$148,697
WILLIAM TROWBRIDGE	EX-OFFICIO & REGIONAL CEO	2.00	Officer	$0	$98,353	$410,049

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	$78,496	$177,444	$2,231,233	$-98,948
2024	No data	No data	No data	No data
2023	$71,350	$181,743	$2,350,129	$-110,393
2022	$77,790	$160,859	$2,415,467	$-83,069
2021	$72,222	$173,915	$2,486,208	$-101,693
2020	$68,949	$132,560	$2,574,553	$-63,611
2019	$75,342	$131,734	$2,636,263	$-56,392