LEBANESE COMMUNITY HOUSING FOR THE ELDERLY INC

EIN: 042761797 501(c)(3)

METHUEN, MA

Total Revenue
$920,268
Total Expenses
$932,464
Total Assets
$931,966
Net Assets
$-1,455,278
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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
1981
Legal Domicile
MA
Principal Officer
CHRISTINE TOUMA-CONWAY
Phone
9786818845
Tax Period
2023-01-01 to 2023-12-31

LEBANESE COMMUNITY HOUSING FOR THE ELDERLY INC, founded in 1981, is a small nonprofit that reported $920K in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING TO LOW-INCOME ELDERLY & HANDICAPPED INDIVIDUALS.

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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 $706,160
Program Service Revenue $191,704
Investment Income $20,210
Other Revenue $2,194
TOTAL REVENUE $920,268

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $856,158
Other Expenses $932,464
TOTAL EXPENSES $932,464

Year-over-Year Comparison

2023 2022 Change
Revenue $920,268 $887,299 +0.0%
Expenses $932,464 $895,067 +0.0%
Net Income $-12,196 $-7,768 +0.6%
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

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Governance

Voting Members
9
Independent Members
8
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE TOUMA-CONWAY PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID BESHARA TREASURER 5.00
Officer Director
$0 $0 $0
PAUL BOSHAR CLERK 1.00
Officer Director
$0 $0 $0
ROBERT HAFFTY DIRECTOR 1.00
Director
$0 $0 $0
STEVEN KFOURY DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW KRAUNELIS DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA MAROON DIRECTOR 1.00
Director
$0 $0 $0
CAROL MCGRAVEY DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN COREY RAHME DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $920,268 $932,464 $931,966 $-12,196
2022 $887,299 $895,067 $945,115 $-7,768
2021 $869,438 $872,906 $971,310 $-3,468
2020 $823,757 $845,308 $986,876 $-21,551
2019 $818,322 $839,471 $1,178,133 $-21,149
2018 $820,476 $800,253 $1,209,604 $20,223
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