LUTHERAN HOUSING DEVELOPMENT CORP OF LONG ISLAND (EIN 112574183) - 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

1979

Legal Domicile

Principal Officer

LARAINE FELLEGARA

Phone

9143656365

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOUSING DEVELOPMENT CORP OF LONG ISLAND, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 10% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING TO SENIORS/ELDERLY 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 $1,759,853

Investment Income $239

Other Revenue $3,245

TOTAL REVENUE $1,763,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,390

Fundraising Expenses $0

Program Expenses $1,331,385

Other Expenses $1,226,525

TOTAL EXPENSES $1,589,915

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,763,337	$1,672,964	+0.1%
Expenses	$1,589,915	$1,487,947	+0.1%
Net Income	$173,422	$185,017	-0.1%

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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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
PETER MAZER	CHAIR	1.00	Officer Director	$0	$0	$0
JIM REGAN	SECRETARY (THROUGH AUGUST 2024)	1.00	Director	$0	$0	$0
REV DR ALFRED THIAGARAJAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH BENKE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL TEATOR	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	$1,763,337	$1,589,915	$2,799,988	$173,422
2023	$1,672,964	$1,487,947	$2,870,464	$185,017
2022	$1,645,799	$1,500,730	$2,863,860	$145,069
2021	$1,681,450	$1,509,815	$2,918,148	$171,635
2020	$1,577,502	$1,718,969	$2,909,769	$-141,467
2019	$1,549,639	$1,499,548	$3,126,098	$50,091
2018	$1,539,668	$1,512,553	$3,164,590	$27,115

LUTHERAN HOUSING DEVELOPMENT CORP OF LONG ISLAND