Dena Bank Apartments Inc

Nonprofit profile at a glance

EIN
571004193
IRS 990-EZ coverage
2010–2025
Forms available
Form 990-EZ 2025
Location
Columbia, SC, USA
Phone
8037861844
Rating
92
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$170,993
Expenses
$160,353
Assets
$331,921
Liabilities
$853,047

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • JULIE ANN AVIN (President)
  • DR LUCY EASLER (President & CEO)

People named in this filing

  • JULIE MILLER (Board Member)
  • JULIE ANN AVIN (President)
  • SUSAN O'NEAL (Treasurer)

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 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dena bank apartments, inc., hud project no. 054-hd047-cmi (the project) was established as a non-profit corporation pursuant to the laws and regulations of the state of South Carolina for the purpose of constructing, owning and operating a 16-unit apartment project for low-income individuals with disabilities located in columbia, South Carolina. The project is operated under section 811 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods.the project also has a project rental assistance contract (prac) with hud, and a significant portion of the project's rental income is received from hud. The project is operated by mental illness recovery center, inc. (mirci), a non-proft corporation that provides social rehabilitation for individuals in the columbia area who have mental illness and/or emotional problems and is related by common control and management.

What it reported doing in 2025

To provide housing and related services for low income individuals with mental disabilities.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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: 91
  • Transparency & Controls: 100
  • Sustainability: 53
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.1%; rating input score 89
  • Program expense ratio: 95%; rating input score 95

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: 6.2%; rating input score 47; 47th percentile among comparable filings
  • Total-asset coverage ratio: 2.07; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 2.57; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: -2.4% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 89.1% of revenue deployed · 95% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $152K in reported program spending
  • Leadership: top reported pay $0 · 17 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Sustainability: Operating margin scored 47/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.