Reston, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lake Ridge Elderly Development Inc, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024.
The Organization provides affordable housing and services to older adults.
Lake Ridge Fellowship House (LRFH) is an apartment community designed for individuals with limited income who are independent, over 62, or who are disabled. Located in Woodbridge, VA, LRFH opened in...
Lake Ridge Fellowship House (LRFH) is an apartment community designed for individuals with limited income who are independent, over 62, or who are disabled. Located in Woodbridge, VA, LRFH opened in 1983 with 99 one bedroom apartments, and common space designed for activities, games, exercise, social events, and wellness presentations. The property is adjacent to a local shopping plaza which makes errands convenient for residents, and operates a 14 seat passenger van for more expanded shopping, errands and seasonal field trips. An onsite service coordinator works with residents to navigate medicare, medicaid, and community resources. The organization operates under section 223(f) of the National Housing Act, and participates in the section 8 housing assistance payment program. The property is regulated by the US Housing and Urban Development agency regarding rent charges and operating methods.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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