SCHAADT APARTMENT CORPORATION

EIN: 800791184 501(c)(3) Housing & Shelter

MERRILLVILLE, IN

Total Revenue
$78,496
Total Expenses
$177,444
Total Assets
$2,231,233
Net Assets
$2,049,693
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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
IN
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

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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%)

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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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
12

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
5
$558,746
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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