LUTHERAN HOUSING DEVELOPMENT CORPORATION AT CONCORD VILLAGE (EIN 030436196) - 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

1999

Legal Domicile

Principal Officer

LARAINE FELLEGARA

Phone

9143656365

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOUSING DEVELOPMENT CORPORATION AT CONCORD VILLAGE, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $679K in total revenue in fiscal year 2024. Expenses of $798K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO SENIORS/ELDERY POPULATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $674,917

Investment Income $337

Other Revenue $4,118

TOTAL REVENUE $679,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,926

Fundraising Expenses $0

Program Expenses $635,498

Other Expenses $550,845

TOTAL EXPENSES $797,771

Year-over-Year Comparison

	2024	2023	Change
Revenue	$679,372	$680,159	0.0%
Expenses	$797,771	$846,004	-0.1%
Net Income	$-118,399	$-165,845	-0.3%

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

$755,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JEFFERY KOENIG	CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN JONES	SECRETARY	1.00	Officer Director	$0	$0	$0
DR ABBY DUX	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY GRAF-PETERS	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
FR BRIAN MCWEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES NORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
LARAINE FELLEGARA	CEO	1.00	Officer	$0	$57,200	$577,929
KATHLEEN MCEVOY	DIRECTOR OF FINANCE	1.00	Officer	$0	$26,974	$177,760

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	$679,372	$797,771	$2,714,418	$-118,399
2023	$680,159	$846,004	$2,826,452	$-165,845
2022	$710,991	$849,422	$3,048,681	$-138,431
2021	$609,766	$833,961	$3,172,560	$-224,195
2020	$585,887	$814,736	$3,386,285	$-228,849
2019	$559,776	$760,862	$3,612,983	$-201,086
2018	$589,416	$797,014	$3,780,483	$-207,598

LUTHERAN HOUSING DEVELOPMENT CORPORATION AT CONCORD VILLAGE