LANTERN ORGANIZATION INC LANTERN ORGANIZATION INC

EIN: 133960661 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$20,764,803
Total Expenses
$18,508,922
Total Assets
$57,031,398
Net Assets
$33,807,367
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
DANIEL KENT
Phone
2122928400
Tax Period
2024-01-01 to 2024-12-31

LANTERN ORGANIZATION INC LANTERN ORGANIZATION INC, founded in 1997, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $18.5M left a modest 11% surplus.

Mission

OUR MISSION IS TO END HOMELESSNESS BY INCREASING THE SUPPLY OF SUPPORTIVE AND LOW-INCOME 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,463,710
Program Service Revenue $12,226,730
Investment Income $74,363
Other Revenue $0
TOTAL REVENUE $20,764,803

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,390,748
Fundraising Expenses $0
Program Expenses $16,831,776
Other Expenses $13,118,174
TOTAL EXPENSES $18,508,922

Year-over-Year Comparison

2024 2023 Change
Revenue $20,764,803 $17,036,290 +0.2%
Expenses $18,508,922 $16,052,550 +0.2%
Net Income $2,255,881 $983,740 +1.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
42
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
$318,184
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER BENSON TREASURER 1.00
Officer Director
$0 $0 $0
RAFAL MARKWAT SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT CHERVENAK BOARD MEMBER 1.00
Director
$0 $0 $0
SEBASTIAN PALMER BOARD MEMBER 1.00
Director
$0 $0 $0
NATHANIEL WICE BOARD MEMBER 1.00
Director
$0 $0 $0
ROBIN D'SOUZA BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL KENT PRESIDENT 35.00
Officer
$300,000 $18,184 $318,184
LESLEY HANSON VP OF LEASING & COMP 35.00
Highest
$135,000 $1,350 $136,350
JUDY PARK CONTROLLER 35.00
Highest
$140,000 $21,000 $161,000
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 $20,764,803 $18,508,922 $57,031,398 $2,255,881
2023 $17,036,290 $16,052,550 $54,988,060 $983,740
2022 $14,682,075 $5,962,360 $40,301,929 $8,719,715
2021 $1,032,369 $1,270,635 $27,995,063 $-238,266
2020 $984,787 $165,674 $27,431,747 $819,113
2019 $1,245,078 $401,156 $33,079,496 $843,922
2018 $568,667 $399,873 $27,910,631 $168,794
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