Tarpon Springs, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)The Local Community Housing Corporation, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $683K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $767K exceeded revenue, resulting in a 12% operating deficit.
Local Community Housing Corporation (LCHC) is a nonprofit 501c3 agency and its mission is to manage and provide affordable housing and facilitate services that promote stability for children, individuals and families and upward mobility for increased quality of life. It is governed by a Board of Directors that mirrors the same individual Commissioners appointed by the City of Tarpon Springs commission for the Tarpon Springs Housing Authority, interlocking Board. Both agencies share the same personnel policies, follow their own financial policies and have formal governance requirements, TSHA- Bylaws and LCHC- Articles of Incorporation. LCHC cultivates strategic partnerships, strengthens resources and develops innovative services for housing residents and the community. LCHC offers a variety of programs that promote stability and self-sufficiency for children, families, and adults. The nonprofit agency is an instrumentality of the Tarpon Springs Housing Authority. The culture of LCHC is
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $682,930 | $923,632 | -0.3% |
| Expenses | $767,303 | $751,869 | +0.0% |
| Net Income | $-84,373 | $171,763 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Robbin S Redd | Secretary/Treas | 0.50 |
Officer
|
$0 | $13,915 | $187,848 |
| Linda Herring | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Jacqueline Malone | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Mary Delasin | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Arlene Sullivan | Vice President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Carmen Lake | Director | 0.50 |
Director
|
$0 | $0 | $0 |
| Pamela Chekmazov | Executive Dir. | 0.50 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $682,930 | $767,303 | $1,218,943 | $-84,373 |
| 2024 | $923,632 | $751,869 | $1,303,316 | $171,763 |
| 2023 | $535,838 | $765,622 | $1,132,053 | $-229,784 |
| 2022 | $599,108 | $711,824 | $1,361,837 | $-112,716 |
| 2021 | $436,688 | $511,926 | $1,474,553 | $-75,238 |
| 2020 | $558,328 | $466,248 | $1,549,791 | $92,080 |
| 2019 | $567,472 | $492,801 | $1,401,503 | $74,671 |
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