Lake Ridge Elderly Development Inc (EIN 208705744) - 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

1983

Legal Domicile

Principal Officer

Kathleen Harding

Phone

7034944455

Tax Period

2024-07-01 to 2025-06-30

LAKE RIDGE ELDERLY DEVELOPMENT INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2017. Expenses of $1.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

Affordable housing and services for low income seniors and those who are physically disabled.

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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 (2024)

Revenue Breakdown

Contributions & Grants $54,382

Program Service Revenue $1,896,339

Investment Income $5,678

Other Revenue $35,552

TOTAL REVENUE $1,991,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $628,821

Fundraising Expenses $0

Program Expenses $2,011,793

Other Expenses $1,474,781

TOTAL EXPENSES $2,103,602

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,991,951	$1,920,574	+0.0%
Expenses	$2,103,602	$2,160,585	0.0%
Net Income	$-111,651	$-240,011	-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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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

$220,209

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathleen Harding	President	4.00	Officer Director	$0	$0	$0
Pastor Mark Edwards	Secretary	2.00	Officer Director	$0	$0	$0
John S Gray	Treasurer	16.00	Officer Director	$0	$0	$0
Wavery Brown	Director	1.00	Director	$0	$0	$0
Luzette Njweipi	Director	1.00	Director	$0	$0	$0
Christina Zeitz	CEO	1.00	Officer	$0	$11,209	$220,209

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	$1,991,951	$2,103,602	$4,276,624	$-111,651
2024	$1,920,574	$2,160,585	$4,568,186	$-240,011
2023	$1,860,470	$1,977,967	$5,038,422	$-117,497
2022	$1,837,167	$1,865,805	$4,977,031	$-28,638
2021	$1,728,421	$1,746,729	$5,154,814	$-18,308
2020	$1,757,344	$1,704,665	$5,347,959	$52,679
2019	$1,673,850	$1,747,177	$5,410,018	$-73,327
2018	$1,626,346	$1,821,902	$5,658,329	$-195,556

Lake Ridge Elderly Development Inc