LEE ELDERLY HOUSING CORP C/O HEARTHWAY INC (EIN 222472999) - 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

1983

Legal Domicile

Principal Officer

PAULA GANGELL-MILLER

Phone

4134991630

Tax Period

2024-01-01 to 2024-12-31

LEE ELDERLY HOUSING CORP C/O HEARTHWAY INC, founded in 1983, is a small nonprofit that reported $628K in total revenue in fiscal year 2024. Expenses of $579K left a modest 8% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

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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 $0

Program Service Revenue $624,369

Investment Income $3,956

Other Revenue $0

TOTAL REVENUE $628,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,248

Fundraising Expenses $0

Program Expenses $453,075

Other Expenses $474,168

TOTAL EXPENSES $579,416

Year-over-Year Comparison

	2024	2023	Change
Revenue	$628,325	$609,156	+0.0%
Expenses	$579,416	$612,604	-0.1%
Net Income	$48,909	$-3,448	-15.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
PAULA GANGELL-MILLER	PRESIDENT	Officer Director	$0	$0	$0
PAM NAVENTI	VICE PRESIDENT	Officer Director	$0	$0	$0
LAURA BROWN	CLERK	Officer Director	$0	$0	$0
LINDA WILCOX	BOARD MEMBER	Director	$0	$0	$0
DIANNA STRINGER	BOARD MEMBER	Director	$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	$628,325	$579,416	$1,317,596	$48,909
2023	$609,156	$612,604	$1,241,850	$-3,448
2022	$586,062	$588,678	$1,263,368	$-2,616
2021	$577,052	$572,660	$1,326,460	$4,392
2020	$530,413	$533,349	$1,317,256	$-2,936
2019	$535,003	$525,945	$1,335,650	$9,058
2018	$541,181	$499,344	$1,353,792	$41,837

LEE ELDERLY HOUSING CORP C/O HEARTHWAY INC