Lewiston-Auburn Area Housing Development Corporation (EIN 010462712) - 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

1983

Legal Domicile

Principal Officer

Christopher Kilmurry

Phone

2077831423

Tax Period

2023-07-01 to 2024-06-30

Lewiston-Auburn Area Housing Development Corporation, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $397K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 263% operating deficit.

Mission

To organize, develop, and financially assist or manage projects, programs, and services providing affordable home ownership or rentals to low income, elderly, and/or handicapped individuals and families.

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,311

Program Service Revenue $311,984

Investment Income $21,605

Other Revenue $23,841

TOTAL REVENUE $396,741

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $695,233

Other Expenses $1,439,838

TOTAL EXPENSES $1,439,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$396,741	$524,351	-0.2%
Expenses	$1,439,838	$800,258	+0.8%
Net Income	$-1,043,097	$-275,907	+2.8%

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
Craig Saddlemire	President	001.00	Officer Director	$0	$0	$0
Jon Hussey	Treasurer	001.00	Officer Director	$0	$0	$0
Azenaide Pedro	Director	001.00	Director	$0	$0	$0
Marc Pellerin	Director	001.00	Director	$0	$0	$0
Sarah Cash	Secretary	001.00	Officer Director	$0	$0	$0
Linda Scott	Director	001.00	Director	$0	$0	$0
Steve Wallace	Director	001.00	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	No data	No data	No data	No data
2024	$396,741	$1,439,838	$3,009,101	$-1,043,097
2024	No data	No data	No data	No data
2023	$524,351	$800,258	$6,234,149	$-275,907
2022	$336,271	$798,732	$2,380,421	$-462,461
2021	$375,800	$481,135	$2,635,385	$-105,335
2020	$548,050	$306,839	$2,726,730	$241,211
2019	$209,809	$218,744	$1,095,428	$-8,935

Lewiston-Auburn Area Housing Development Corporation