MERIT HALL APARTMENTS INC (EIN 954204895) - 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

1989

Legal Domicile

Phone

5622851330

Tax Period

2024-07-01 to 2025-06-30

MERIT HALL APARTMENTS INC, founded in 1989, is a small nonprofit that reported $206K in total revenue in fiscal year 2024. Expenses of $335K exceeded revenue, resulting in a 63% operating deficit.

Mission

To provide low income housing to individuals with chronic mental illness.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $199,722

Investment Income $318

Other Revenue $5,890

TOTAL REVENUE $205,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,648

Other Expenses $334,648

TOTAL EXPENSES $334,648

Year-over-Year Comparison

	2024	2023	Change
Revenue	$205,930	$214,800	0.0%
Expenses	$334,648	$304,058	+0.1%
Net Income	$-128,718	$-89,258	+0.4%

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
Christina Miller	President	1.00	Officer Director	$0	$0	$0
Monica Davis	Vice President	1.00	Officer Director	$0	$0	$0
Rick Janes	Secretary	1.00	Officer Director	$0	$0	$0
Lucia Kung	CFO	2.00	Officer Director	$0	$0	$0
Luther Richert	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
2025	$205,930	$334,648	$927,584	$-128,718
2024	$214,800	$304,058	$1,021,488	$-89,258
2023	$207,350	$246,877	$1,074,005	$-39,527
2022	$213,745	$216,505	$1,081,814	$-2,760
2021	$216,735	$250,688	$1,062,509	$-33,953
2020	$203,853	$246,575	$1,067,148	$-42,722
2019	$198,411	$237,188	$1,074,554	$-38,777

MERIT HALL APARTMENTS INC