LAKEWOOD TENANTS ORGANIZATION INC (EIN 222184416) - 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

1977

Legal Domicile

Phone

7323670660

Tax Period

2024-01-01 to 2024-12-31

LAKEWOOD TENANTS ORGANIZATION INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

ADMINISTER FEDERAL SECTION 8 PROGRAM

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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 $1,758,143

Program Service Revenue $0

Investment Income $176,497

Other Revenue $0

TOTAL REVENUE $1,934,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,418,213

Fundraising Expenses $0

Program Expenses $1,946,419

Other Expenses $528,206

TOTAL EXPENSES $1,946,419

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,934,640	$2,082,896	-0.1%
Expenses	$1,946,419	$3,165,729	-0.4%
Net Income	$-11,779	$-1,082,833	-1.0%

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

N/A

Employees

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

$233,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENYA RICHTER	CEO	40.00	Officer	$233,843	$0	$233,843
SOLOMON MOSKOWITZ	Secretary	0.00	Director	$0	$0	$0
ISRAEL KANAREK	MEMBER	0.00	Director	$0	$0	$0
CHAIM B WOLF	MEMBBER	0.00	Director	$0	$0	$0
DAVID DONNER	MEMBER	0.00	Director	$0	$0	$0
SIMCHA GREENWALD	Vice President	0.00	Officer	$0	$0	$0
MOSHE SOFER	Treasurer	0.00	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
2024	$1,934,640	$1,946,419	$3,462,905	$-11,779
2023	$2,082,896	$3,165,729	$3,243,982	$-1,082,833
2022	$1,725,961	$1,149,419	$4,343,919	$576,542
2021	$1,570,898	$1,670,461	$3,791,162	$-99,563
2020	$1,413,618	$1,217,540	$3,866,562	$196,078

LAKEWOOD TENANTS ORGANIZATION INC