LAKEVIEW APARTMENTS INC (EIN 204398465) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Principal Officer

DAVID LANGE

Tax Period

2023-07-01 to 2024-06-30

LAKEVIEW APARTMENTS INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $80K in total revenue in fiscal year 2017. Expenses of $142K exceeded revenue, resulting in a 78% operating deficit.

Mission

THE ORGANIZATION'S ONLY ACTIVITY IS THE OPERATION OF A FEDERALLY SUBSIDIZED APARTMENT COMPLEX FOR LOW INCOME TENANTS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,362

Program Service Revenue $65,352

Investment Income $170

Other Revenue $0

TOTAL REVENUE $85,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,508

Fundraising Expenses $0

Program Expenses $120,299

Other Expenses $102,791

TOTAL EXPENSES $120,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$85,884	$78,801	+0.1%
Expenses	$120,299	$129,739	-0.1%
Net Income	$-34,415	$-50,938	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN BURNETT	CHAIRMAN	N/A	Director	$0	$0	$0
NEELEY CAMP	COMMISSIONER	N/A	Director	$0	$0	$0
KAREN COOPER	COMMISSIONER	N/A	Director	$0	$0	$0
DEBBIE CROSS	VICE CHAIRMA	N/A	Director	$0	$0	$0
BILL MCCARTNEY	SEC/TREASURE	N/A	Director	$0	$0	$0
JR RISEN	COMMISSIONER	N/A	Director	$0	$0	$0
ANDREA WILLIAMS	COMMISSIONER	N/A	Director	$0	$0	$0
JIMMY WILSON	COMMISSIONER	N/A	Director	$0	$0	$0
POLLY FISK	ASST. DIRECT	N/A	Officer	$0	$0	$0
DAVID LANGE	EXECUTIVE DI	N/A	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	No data	No data	No data	No data
2024	$85,884	$120,299	$742,360	$-34,415
2022	$74,796	$126,670	$833,139	$-51,874
2021	$80,007	$125,431	$877,535	$-45,424
2019	$73,977	$123,126	$956,888	$-49,149
2018	$79,548	$141,731	$1,019,919	$-62,183

LAKEVIEW APARTMENTS INC