LAZARUS HOUSE INC

EIN: 042755382 501(c)(3) Housing & Shelter

LAWRENCE, MA

Total Revenue
$7,581,053
Total Expenses
$7,632,888
Total Assets
$10,840,973
Net Assets
$10,488,858
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MA
Principal Officer
CARMEN VEGA
Phone
9786898575
Tax Period
2023-04-01 to 2024-03-31

LAZARUS HOUSE INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $7.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

OPENING DOORS OUT OF POVERTY BY PROVIDING SHELTER, FOOD, CLOTHING AND EDUCATION, AND SUPPORT FOR THE HOMELESS AND THE POOR, IN THE LAWRENCE, MASSACHUSETTS AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,714,310
Program Service Revenue $0
Investment Income $360,873
Other Revenue $505,870
TOTAL REVENUE $7,581,053

Expense Breakdown

Grants Paid $8,100
Salaries & Benefits $2,830,712
Fundraising Expenses $1,264,586
Program Expenses $5,741,823
Other Expenses $4,794,076
TOTAL EXPENSES $7,632,888

Year-over-Year Comparison

2023 2022 Change
Revenue $7,581,053 $8,047,267 -0.1%
Expenses $7,632,888 $7,439,419 +0.0%
Net Income $-51,835 $607,848 -1.1%
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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Governance

Voting Members
19
Independent Members
19
Employees
70
Volunteers
1000

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
5
$110,000
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARMEN VEGA EXECUTIVE DI 40.00
Officer
$110,000 $0 $110,000
FATHER CHRISTOPHER SAHD BSO DIRECTOR N/A
Director
$0 $0 $0
LINDA BENJAMIN DIRECTOR N/A
Director
$0 $0 $0
DOUG COOK DIRECTOR N/A
Director
$0 $0 $0
RICK CROWLEY DIRECTOR N/A
Director
$0 $0 $0
DEACON MIKE CURREN DIRECTOR N/A
Director
$0 $0 $0
RILEY QUINN DOHERTY PRESIDENT N/A
Officer Director
$0 $0 $0
ART DURKIN DIRECTOR N/A
Director
$0 $0 $0
PASTOR JOE GARON DIRECTOR N/A
Director
$0 $0 $0
FRANCIS HYATT DIRECTOR N/A
Director
$0 $0 $0
TODD JOHNSON VICE PRESIDE N/A
Officer Director
$0 $0 $0
ERIC LANDERS DIRECTOR N/A
Director
$0 $0 $0
RABBI HOWARD MANDELL DIRECTOR N/A
Director
$0 $0 $0
HAZEL NAVARRO DIRECTOR N/A
Director
$0 $0 $0
ANNE SISTO DIRECTOR N/A
Director
$0 $0 $0
GREGORY SPURR TREASURER N/A
Officer Director
$0 $0 $0
JESUS SURIEL CLERK N/A
Officer Director
$0 $0 $0
PAULA ZAVRL DIRECTOR N/A
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 $7,581,053 $7,632,888 $10,840,973 $-51,835
2023 $8,047,267 $7,439,419 $10,799,048 $607,848
2022 $10,908,998 $7,678,966 $10,094,845 $3,230,032
2021 $10,284,176 $8,551,543 $8,168,320 $1,732,633
2020 $9,148,623 $9,197,204 $5,187,452 $-48,581
2019 $8,820,516 $8,730,449 $5,143,405 $90,067
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