SOUTHLAKE TRI-CITY RBA CORPORATION DBA LAKE PARK RESIDENTIAL CARE

EIN: 205153554 501(c)(3) Housing & Shelter

MERRILLVILLE, IN

Total Revenue
$2,189,848
Total Expenses
$2,290,504
Total Assets
$2,950,167
Net Assets
$-571,541
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IN
Principal Officer
LASHAUN WOODS
Phone
2197571921
Tax Period
2024-07-01 to 2025-06-30

SOUTHLAKE TRI-CITY RBA CORPORATION DBA LAKE PARK RESIDENTIAL CARE, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE LOW INCOME HOUSING.

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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 $2,017,872
Program Service Revenue $0
Investment Income $-10,900
Other Revenue $182,876
TOTAL REVENUE $2,189,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $797,780
Fundraising Expenses $0
Program Expenses $1,997,006
Other Expenses $1,492,724
TOTAL EXPENSES $2,290,504

Year-over-Year Comparison

2024 2023 Change
Revenue $2,189,848 $2,438,077 -0.1%
Expenses $2,290,504 $2,637,906 -0.1%
Net Income $-100,656 $-199,829 -0.5%
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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Governance

Voting Members
12
Independent Members
12
Employees
28
Volunteers
12

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
5
$558,746
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA HOUCK CHAIR 0.50
Officer Director
$0 $0 $0
LINDA JONAITIS VICE CHAIR 0.50
Officer Director
$0 $0 $0
DR AMY HAN SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
CAROL DRASGA BOARD MEMBER 0.50
Director
$0 $0 $0
GARY JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
DANIEL KLEIN BOARD MEMBER 0.50
Director
$0 $0 $0
DANNY LACKEY BOARD MEMBER 0.50
Director
$0 $0 $0
DONALD LEVINSON BOARD MEMBER 0.50
Director
$0 $0 $0
JONATHAN PETERSEN BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY QUINN BOARD MEMBER 0.50
Director
$0 $0 $0
RANDALL SHEPARD BOARD MEMBER 0.50
Director
$0 $0 $0
MADRIEL TERRELL BOARD MEMBER 0.50
Director
$0 $0 $0
THOMAS O'DONNELL BOARD MEMBER PARTIAL TERM 0.50
Director
$0 $0 $0
LASHAUN WOODS EX-OFFICIO & GEMINUS CFO 2.00
Officer
$0 $14,242 $148,697
WILLIAM TROWBRIDGE EX-OFFICIO & REGIONAL CEO 2.00
Officer
$0 $98,353 $410,049
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 $2,189,848 $2,290,504 $2,950,167 $-100,656
2024 No data No data No data No data
2023 $2,117,180 $2,690,270 $2,557,924 $-573,090
2022 $2,228,929 $2,247,893 $2,672,675 $-18,964
2021 $2,273,660 $2,293,115 $2,751,012 $-19,455
2020 $2,098,508 $2,299,245 $2,836,536 $-200,737
2019 $2,172,341 $2,421,135 $2,717,217 $-248,794
2018 $2,051,383 $2,171,918 $2,711,121 $-120,535
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