LANCASTER HOUSING DEVELOPMENT FUND CO INC (EIN 161299762) - 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

1992

Legal Domicile

Principal Officer

MICHAEL D RIEGEL

Phone

7168847791

Tax Period

2023-01-01 to 2023-12-31

LANCASTER HOUSING DEVELOPMENT FUND CO INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $314K in total revenue in fiscal year 2023.

Mission

ENTITY WAS ORGANIZED TO DEVELOP A HOUSING PROJECT FOR AGED AND HANDICAPPED PERSONS OF LOW-INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, AND TO PROMOTE THE WELFARE OF ELDERLY PERSONS RESIDING IN THE PROJECT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $309,720

Investment Income $23

Other Revenue $3,805

TOTAL REVENUE $313,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,005

Fundraising Expenses $0

Program Expenses $320,776

Other Expenses $260,349

TOTAL EXPENSES $339,354

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,548	$300,611	+0.0%
Expenses	$339,354	$392,898	-0.1%
Net Income	$-25,806	$-92,287	-0.7%

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

N/A

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

$525,444

Total Directors

$822,587

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL D RIEGEL	BOARD MEMBER/BOARD PRESIDENT	0.50	Officer Director	$0	$25,080	$221,101
PAMELA BERGER	BOARD MEMBER/BOARD TREAS/VP	0.50	Officer Director	$0	$13,283	$148,806
AARON HEJMOWSKI	BOARD MEMBER/CFO	0.50	Officer Director	$0	$7,470	$155,537
BRAD PACKARD	BOARD MEMBER	0.50	Director	$0	$7,620	$159,441
JOYELLE TEDESCHI	BOARD MEMBER	0.50	Director	$0	$16,520	$137,702

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	$313,548	$339,354	$1,019,066	$-25,806
2022	$300,611	$392,898	$1,047,731	$-92,287
2021	$302,043	$362,410	$1,113,808	$-60,367
2020	$309,254	$345,193	$1,171,347	$-35,939
2019	$314,623	$358,241	$1,202,446	$-43,618
2018	$296,368	$363,596	$1,231,332	$-67,228

LANCASTER HOUSING DEVELOPMENT FUND CO INC