512 LEMOYNE AVE HOUSING DEV FUND COINC (EIN 223028987) - 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

1989

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2024-01-01 to 2024-12-31

512 LEMOYNE AVE HOUSING DEV FUND COINC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $199K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $440K exceeded revenue, resulting in a 122% operating deficit.

Mission

LOW INCOME HOUSING PROJECT

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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 $194,909

Investment Income $28

Other Revenue $3,801

TOTAL REVENUE $198,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,600

Fundraising Expenses $0

Program Expenses $392,583

Other Expenses $403,863

TOTAL EXPENSES $440,463

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,738	$240,381	-0.2%
Expenses	$440,463	$455,080	0.0%
Net Income	$-241,725	$-214,699	+0.1%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUDREY FARWAGI	SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTIN RUDGICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE LYSKAWA	TREASURER	1.00	Officer 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	$198,738	$440,463	$2,008,265	$-241,725
2023	$240,381	$455,080	$2,183,532	$-214,699
2022	$310,299	$422,637	$2,374,930	$-112,338
2021	$569,250	$369,686	$2,572,839	$199,564
2020	$272,187	$379,754	$2,269,729	$-107,567
2019	$264,046	$374,107	$2,396,796	$-110,061
2018	$245,431	$361,472	$2,550,658	$-116,041

512 LEMOYNE AVE HOUSING DEV FUND COINC