Conway Apartments Inc

Nonprofit profile at a glance

EIN: 582014294
IRS 990-EZ coverage: 2013–2024
Forms available: Form 990 2012, Form 990-EZ 2024
Location: Russelville, AR, USA
Phone: 4799675570
Rating: 96
Verdict: STRONG
Rating confidence: Moderate
Sector: Housing, Shelter N.E.C.

Reported finances

Revenue: $138,349
Expenses: $158,690
Assets: $368,407
Liabilities: $56,927

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

58 people listed

Executive titles in this filing

Brian W Davis (CEO)

People named in this filing

Frank Johnson (CHAIRMAN THROUGH 10/31/2024)
Maribel C Rogers (CHAIRMAN STARTING 11/01/2024)
Alex Lynch (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide low-income housing for the elderly and handicapped.

What it reported doing in 2024

Housing units were provided for the elderly and handicapped.

Operating model

Revenue model: Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

Financial Efficiency: 100
Transparency & Controls: 100
Sustainability: 40
Growth: 80

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 100%; rating input score 100
Program expense ratio: 100%; rating input score 100

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -14.7%; rating input score 11; 11th percentile among comparable filings
Total-asset coverage ratio: 2.32; rating input score 84; 84th percentile among comparable filings
Liabilities to assets ratio: 0.15; rating input score 20; 20th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

Program expense growth: 5.1% per year; rating input score 100; 47th percentile among comparable filings
Revenue growth: 4.9% per year; rating input score 100; 47th percentile among comparable filings
Asset growth: -2.4% per year; rating input score 0; 21st percentile among comparable filings

Details

Where the money goes: 100% of revenue deployed · 100% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $159K in reported program spending
Leadership: top reported pay $0 · 58 people listed
Consistency: 9 of 9 current checks pass
Schedules: 3 filed schedules
Filing history: 12 filing years from 2013 to 2024
Contacts: How to reach this organization
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

High — Sustainability: Operating margin scored 11/100.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Liabilities to assets ratio scored 20/100.
High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.