LBSH HOUSING CORPORATION

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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

1977

Legal Domicile

Principal Officer

ANTHONY JAY KILCOYNE

Phone

3156003350

Tax Period

2024-01-01 to 2024-12-31

LBSH HOUSING CORPORATION, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $553K in total revenue in fiscal year 2024.

Mission

TO ADMINISTER LOCAL HOUSING OPTIONS TO THE ELDERLY AND DISABLED WITH COMPASSION, CARING, AND COMFORTING SERVICE.

Program Service Accomplishments

Program 1

Expenses: $458,666 Revenue: $548,526

THE CORPORATION PROVIDES 60 SUBSIDIZED RENTAL UNITS TO LOW-INCOME ELDERLY AND HANDICAPPED PEOPLE.

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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 $549,059

Investment Income $4,242

Other Revenue $0

TOTAL REVENUE $553,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,097

Fundraising Expenses $0

Program Expenses $458,666

Other Expenses $347,294

TOTAL EXPENSES $604,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$553,301	$546,318	+0.0%
Expenses	$604,391	$598,564	+0.0%
Net Income	$-51,090	$-52,246	0.0%

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

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

$77,132

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY KILCOYNE	PRESIDENT	5.00	Officer Director	$0	$0	$0
JORDAN ARQUITT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CONSTANCE BURNS	MEMBER	5.00	Director	$0	$0	$0
MARGARET RAMSDELL	MEMBER	5.00	Director	$0	$0	$0
NATHANIEL LAGARRY	EXECUTIVE DIRECTOR	40.00	Officer	$77,132	$0	$77,132

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	$553,301	$604,391	$1,107,845	$-51,090
2023	$546,318	$598,564	$1,216,564	$-52,246
2022	$617,301	$566,174	$1,289,211	$51,127
2021	$826,495	$772,458	$1,347,003	$54,037
2020	$751,513	$729,192	$1,418,412	$22,321
2019	$775,921	$737,770	$1,462,140	$38,151
2018	$807,521	$831,200	$1,544,438	$-23,679