LUTHERAN NONPROFIT HOUSING CORPORA… - Form 990 Financial Data

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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

BRIDGETTE ZAPPACOSTA

Phone

3138237700

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN NONPROFIT HOUSING CORPORATION- CALVARY, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $382K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $491K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION OPERATES A 46-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

Program Service Accomplishments

Program 1

Expenses: $376,914 Revenue: $383,648

PROVIDED ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS THROUGH...

PROVIDED ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS THROUGH LONGER LIVING. CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS. THE PROJECT IS A 46-UNIT APARTMENT COMPLEX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,323

Program Service Revenue $383,548

Investment Income $-4,256

Other Revenue $100

TOTAL REVENUE $381,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $76,111

Fundraising Expenses $0

Program Expenses $376,914

Other Expenses $414,988

TOTAL EXPENSES $491,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$381,715	$350,168	+0.1%
Expenses	$491,099	$601,934	-0.2%
Net Income	$-109,384	$-251,766	-0.6%

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

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
LINDA DUNHAM	DIRECTOR	0.20	Director	$0	$0	$0
MARGY HUIZINGA	DIRECTOR	0.20	Director	$0	$0	$0
HARRY KALOGERAKOS	DIRECTOR	0.20	Director	$0	$0	$0
PAULA COLE	DIRECTOR	0.20	Director	$0	$0	$0
KENNETH STEKETEE	TREASURER/SECRETARY	0.20	Officer Director	$0	$0	$0
VINCENT ROMANO	PRESIDENT	0.20	Officer Director	$0	$0	$0
BRIDGETTE ZAPPACOSTA	DIRECTOR OF FINANCE	1.00	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	$381,715	$491,099	$1,460,150	$-109,384
2023	$350,168	$601,934	$1,645,070	$-251,766
2022	$349,034	$566,584	$1,825,757	$-217,550
2021	$352,048	$548,017	$2,029,680	$-195,969
2020	$370,603	$555,119	$2,228,900	$-184,516
2019	$338,415	$529,887	$2,418,443	$-191,472
2018	$335,747	$565,795	$2,618,180	$-230,048

LUTHERAN NONPROFIT HOUSING CORPORATION- CALVARY