The Local Community Housing Corporation

EIN: 204000503 501(c)(3) Housing & Shelter

Tarpon Springs, FL

Total Revenue
$682,930
Total Expenses
$767,303
Total Assets
$1,218,943
Net Assets
$1,218,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
Pamela Chekmazov
Phone
7279374411
Tax Period
2024-04-01 to 2025-03-31

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.

Mission

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

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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 $605,258
Program Service Revenue $11,272
Investment Income $0
Other Revenue $66,400
TOTAL REVENUE $682,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $545,812
Fundraising Expenses $0
Program Expenses $671,832
Other Expenses $221,491
TOTAL EXPENSES $767,303

Year-over-Year Comparison

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%
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
6
Employees
N/A
Volunteers
1

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
4
$187,848
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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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