Lincoln Towers Housing Development Fund Corporation (EIN 133974371) - 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

1998

Legal Domicile

Principal Officer

Rev Dr Michael J Rouse

Phone

9145925434

Tax Period

2024-07-01 to 2025-06-30

Lincoln Towers Housing Development Fund Corporation, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.1M left a modest 5% surplus.

Mission

TO ACQUIRE AND OPERATE AN 89-UNIT RESIDENTIAL RENTAL PROJECT, LOCATED IN NEW ROCHELLE, NY, UNDER THE NATIONAL HOUSING ACT.

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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 $1,703,634

Program Service Revenue $473,511

Investment Income $74,003

Other Revenue $0

TOTAL REVENUE $2,251,148

Expense Breakdown

Grants Paid $0

Salaries & Benefits $247,418

Fundraising Expenses $0

Program Expenses $1,935,998

Other Expenses $1,887,620

TOTAL EXPENSES $2,135,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,251,148	$2,151,933	+0.0%
Expenses	$2,135,038	$2,346,153	-0.1%
Net Income	$116,110	$-194,220	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DR MICHAEL J ROUSE	CHAIR	0.1	Officer Director	$0	$0	$0
ARNETHA OWENS	RECORDING SECRETARY	0.1	Officer Director	$0	$0	$0
BERNICE SMITH	TREASURER	0.1	Officer Director	$0	$0	$0
ANNA DAVIS	DIRECTOR	0.1	Director	$0	$0	$0
AYRIS GRANBY	DIRECTOR	0.1	Director	$0	$0	$0
PATRICIA JOHNSON	DIRECTOR	0.1	Director	$0	$0	$0
REV DR WALLACE L NOBLE	DIRECTOR	0.1	Director	$0	$0	$0
MARY WILLIAMS	DIRECTOR	0.1	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	$2,251,148	$2,135,038	$7,089,980	$116,110
2024	$2,151,933	$2,346,153	$7,212,500	$-194,220
2023	$2,004,613	$2,176,371	$7,666,621	$-171,758
2022	$1,977,813	$2,065,286	$8,040,061	$-87,473
2021	$1,942,997	$2,145,909	$9,118,785	$-202,912
2020	$1,881,916	$2,426,354	$9,733,373	$-544,438
2019	$1,774,843	$2,359,251	$10,277,181	$-584,408

Lincoln Towers Housing Development Fund Corporation