MILESTONE APARTMENTS INC (EIN 841851189) - 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

2021

Legal Domicile

Principal Officer

PATRICIA FISCHER

Phone

6184650120

Tax Period

2022-07-01 to 2023-06-30

MILESTONE APARTMENTS INC, founded in 2021, is a small nonprofit that reported $134K in total revenue in fiscal year 2022. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $153K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE PERMANENT HOUSING TO LOW-INCOME ADULTS AND FAMILIES WITH DISABILITIES. APARTMENTS HAVE SUBSIDIES; TENANTS MAY BE LINKED TO SERVICES THEY NEED TO RETAIN THEIR HOUSING AND REALIZE THEIR FULLEST POTENTIAL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $76,746

Program Service Revenue $17,792

Investment Income $1,808

Other Revenue $37,952

TOTAL REVENUE $134,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,736

Fundraising Expenses $0

Program Expenses $124,899

Other Expenses $150,226

TOTAL EXPENSES $152,962

Year-over-Year Comparison

	2022	2021	Change
Revenue	$134,298	$91,808	+0.5%
Expenses	$152,962	$58,409	+1.6%
Net Income	$-18,664	$33,399	-1.6%

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

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
PATRICIA FISCHER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM INGRAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
STACEY OVERTURF	TREASURER	1.00	Officer Director	$0	$0	$0
DENIECE SHIVERS	DIRECTOR	1.00	Director	$0	$0	$0
JANETTE HEATH	SECRETARY	1.00	Officer 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
2023	$134,298	$152,962	$1,652,787	$-18,664
2022	$91,808	$58,409	$38,772	$33,399

MILESTONE APARTMENTS INC