LHA ENTERPRISE DEVELOPMENT INC (EIN 204597332) - 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

2006

Legal Domicile

Principal Officer

AILRICK YOUNG

Phone

6014254651

Tax Period

2023-01-01 to 2023-12-31

LHA ENTERPRISE DEVELOPMENT INC, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 10731% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 97% operating margin.

Mission

LHA ENTERPRISE DEVELOPMENT, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, MEDICAL, LITERARY OR EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED AS AN INSTRUMENTALITY OF AND TO SUPPORT THE HOUSING AUTHORITY OF THE CITY OF LAUREL, MISSISSIPPI (THE AUTHORITY), A PUBLIC HOUSING AUTHORITY ESTABILISHED UNDER (I) THE MISSISSIPPI HOUSING AUTHORITIES LAW, AND (II) THE MISSISSIPPI SUPPLEMENTAL HOUSING AUTHORITIES LAW TO PROVIDE DECENT, SAFE AND SANITARY URBAN OR RURAL DWELLINGS, APARTMENTS, OR OTHER LIVING ACCOMMODATIONS FOR PERSONS OF LOW INCOME; INCLUDING THE ACQUISITION, DEVELOPMENT, CONSTRUCTION AND OPERATION OF BUILDINGS, LAND, EQUIPMENT, FACILITIES, AND OTHER REAL OR PERSONAL PROPERTY FOR NECESSARY, CONVENIENT, OR DESIRABLE APPURTENANCES, STREETS, SEWERS, WATER SERVICE, PARKS, SITE PREPARATION, GARDENING, ADMINISTRATIVE, COMMUNITY, HEALTH, RECREATIONAL, WELFARE OR OTHER PURPO

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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 $1,264,936

Program Service Revenue $0

Investment Income $11,660

Other Revenue $0

TOTAL REVENUE $1,276,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,481

Other Expenses $39,481

TOTAL EXPENSES $39,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,276,596	$11,787	+107.3%
Expenses	$39,481	$27,189	+0.5%
Net Income	$1,237,115	$-15,402	-81.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HILARY BURROUGHS	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE CARTER	DIRECTOR	N/A	Director	$0	$0	$0
SANDY HOLIFIELD	DIRECTOR	N/A	Director	$0	$0	$0
DOROTHY PEPPERS	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN STRICKLER	DIRECTOR	N/A	Director	$0	$0	$0
TENSIE WHEELER	DIRECTOR	N/A	Director	$0	$0	$0
REV GEORGE BARNES	VICE PRESIDE	N/A	Officer	$0	$0	$0
AILRICK YOUNG	PRESIDENT	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
2024	No data	No data	No data	No data
2023	$1,276,596	$39,481	$3,926,811	$1,237,115
2022	$11,787	$27,189	$2,689,696	$-15,402
2021	$40,245	$304,652	$1,013,759	$-264,407
2020	$247,560	$138,248	$1,278,994	$109,312
2019	$33,972	$222,164	$1,168,854	$-188,192
2018	$1,081,733	$182,795	$1,265,446	$898,938

LHA ENTERPRISE DEVELOPMENT INC