HBC AFFORDABLE APARTMENTS INC (EIN 823576920) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

ANTHONY PAPPAS

Phone

2038767343

Tax Period

2020-01-01 to 2020-12-31

HBC AFFORDABLE APARTMENTS INC, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2020. Revenue surged 2558% from the prior year, signaling strong growth momentum. The organization ran a surplus of $208K, a strong 20% operating margin.

Mission

TO RAISE FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, AND EDUCATIONAL PURPOSES AND OFFER AFFORDABLE HOUSING FOR PERSONS WITH LIMITED INCOME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,020,000

Program Service Revenue $41,600

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,061,600

Expense Breakdown

Grants Paid $800,498

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $852,432

Other Expenses $52,787

TOTAL EXPENSES $853,285

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,061,600	$39,934	+25.6%
Expenses	$853,285	$21,018	+39.6%
Net Income	$208,315	$18,916	+10.0%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PAPPAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DONNA COREY	TREASURER	1.00	Officer Director	$0	$0	$0
BARBARA MICHEL	SECRETARY	1.00	Officer Director	$0	$0	$0
JENN BRADY	DIRECTOR	1.00	Director	$0	$0	$0
ANDY TRANSUE	DIRECTOR	1.00	Director	$0	$0	$0
LYNN POSTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE GRELE	DIRECTOR	1.00	Director	$0	$0	$0
KEITH LANG	DIRECTOR	1.00	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
2020	$1,061,600	$853,285	$236,409	$208,315

HBC AFFORDABLE APARTMENTS INC