LAMOILLE AREA HOUSING CORPORATION COPLEY TERRACE PROJECT (EIN 030272055) - 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

1978

Legal Domicile

Phone

8028887896

Tax Period

2023-10-01 to 2024-09-30

LAMOILLE AREA HOUSING CORPORATION COPLEY TERRACE PROJECT, founded in 1978, is a small nonprofit that reported $537K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

LESSORS OF 38-UNIT APARTMENT PROJECT TO PROVIDE SUBSIDIZED ELDERLY HOUSING.

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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 $0

Program Service Revenue $535,570

Investment Income $1,206

Other Revenue $0

TOTAL REVENUE $536,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,764

Fundraising Expenses $0

Program Expenses $366,322

Other Expenses $361,156

TOTAL EXPENSES $588,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$536,776	$616,331	-0.1%
Expenses	$588,920	$503,889	+0.2%
Net Income	$-52,144	$112,442	-1.5%

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

Volunteers

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

$1,530,166

Total Directors

$1,509,376

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE BONGIORNO	VICE CHAIR	0.1	Officer Director	$0	$0	$0
BOB BLEIMEISTER	TREASURER	0.1	Officer Director	$0	$0	$0
DEBORAH POMEROY	SECRETARY	0.1	Officer Director	$0	$0	$0
JOSEPH WOODIN	CEO	1.0	Officer Director	$0	$21,957	$571,374
KATHY DEMARS	TRUSTEE / CHAIR BEG 02/24	0.1	Officer Director	$0	$0	$0
NANCY BANKS	CHAIR END 02/24	0.1	Officer Director	$0	$0	$0
ALDEN LAUNER	TRUSTEE	0.1	Director	$0	$0	$0
BETHANY SALVAS	TRUSTEE BEG 02/24	0.1	Director	$0	$0	$0
CAMERON PAGE	TRUSTEE	0.1	Director	$0	$0	$0
CARL SZLACHETKA	TRUSTEE	0.1	Director	$0	$0	$0
CHRISTOPHER TOWNE	TRUSTEE	0.1	Director	$0	$0	$0
DAN NOYES	TRUSTEE	0.1	Director	$0	$0	$0
DAVID SILVERMAN	TRUSTEE END 02/24	0.1	Director	$0	$0	$0
DIANE COTE	TRUSTEE	0.1	Director	$0	$0	$0
FRANCIS LANDREY	TRUSTEE BEG 02/24	0.1	Director	$0	$0	$0
J MARTIN LINSEISEN MD	TRUSTEE END 02/24	0.1	Director	$0	$52,647	$456,961
JAMES HODGE	TRUSTEE BEG 02/24	0.1	Director	$0	$0	$0
KRISTEN SHARPLESS	TRUSTEE END 06/24	0.1	Director	$0	$0	$0
MIKE FEULNER	TRUSTEE	0.1	Director	$0	$0	$0
NAN CARLE BEAUREGARD	TRUSTEE	0.1	Director	$0	$0	$0
PAMELA STANYON	TRUSTEE	0.1	Director	$0	$0	$0
TRAVIS KNAPP	TRUSTEE BEG 02/24	0.1	Director	$0	$53,221	$481,041
WALTER FRAME	TRUSTEE END 02/24	0.1	Director	$0	$0	$0
JEFFREY HEBERT	CFO	1.0	Officer	$0	$11,409	$272,116
LORI PROFOTA	CNO END 02/24	1.0	Officer	$0	$38,976	$257,943
SAMANTHA ALLAIRE	NURSE MGR / INTERIM CNO BEG 07/23	1.0	Officer	$0	$41,057	$128,421
WAYNE STOCKBRIDGE	CHIEF ADMIN & HR OFFICER	1.0	Officer	$0	$50,539	$300,312

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
2024	$536,776	$588,920	$816,865	$-52,144
2023	$616,331	$503,889	$846,243	$112,442
2022	$615,238	$488,721	$838,593	$126,517
2021	$626,590	$477,595	$856,557	$148,995
2020	$620,596	$437,834	$795,570	$182,762
2019	$613,274	$437,324	$742,824	$175,950
2018	$597,260	$432,422	$680,161	$164,838

LAMOILLE AREA HOUSING CORPORATION COPLEY TERRACE PROJECT