LAMOILLE HOUSING PARTNERSHIP INC

EIN: 223177209 501(c)(3) Housing & Shelter

MORRISVILLE, VT

Total Revenue
$4,354,207
Total Expenses
$3,446,394
Total Assets
$4,783,671
Net Assets
$3,129,679
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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
1991
Legal Domicile
VT
Principal Officer
LUCY LERICHE
Phone
8028885714
Tax Period
2022-07-01 to 2023-06-30

LAMOILLE HOUSING PARTNERSHIP INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2022. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $908K, a strong 21% operating margin.

Mission

THE LAMOILLE HOUSING PARTNERSHIP COLLABORATES WITH COMMUNITIES TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPPORTUNITIES FOR HARDWICK AND LAMOILLE COUNTY.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $3,719,120
Program Service Revenue $589,151
Investment Income $70
Other Revenue $45,866
TOTAL REVENUE $4,354,207

Expense Breakdown

Grants Paid $0
Salaries & Benefits $318,831
Fundraising Expenses $112,415
Program Expenses $3,188,526
Other Expenses $3,127,563
TOTAL EXPENSES $3,446,394

Year-over-Year Comparison

2022 2021 Change
Revenue $4,354,207 $3,549,386 +0.2%
Expenses $3,446,394 $3,496,525 0.0%
Net Income $907,813 $52,861 +16.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
10

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
5
$112,783
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM LOVINSKY EXECUTIVE DI 40.00
Officer
$109,861 $2,922 $112,783
DAVID FORD PRESIDENT 2.00
Officer Director
$0 $0 $0
STEFANIE EICHLER VICE PRESIDE 2.00
Officer Director
$0 $0 $0
TESS MILNER SECRETARY 2.00
Officer Director
$0 $0 $0
JENNIFER DEGREE TREASURER 2.00
Officer Director
$0 $0 $0
ANNA KERN DIRECTOR 2.00
Director
$0 $0 $0
HANNAH GALE DIRECTOR 2.00
Director
$0 $0 $0
MELISSA SHEFFER DIRECTOR 2.00
Director
$0 $0 $0
CRISTI LAUX DIRECTOR 2.00
Director
$0 $0 $0
KRISTI SANSONE DIRECTOR 2.00
Director
$0 $0 $0
JOHN BRODERICK DIRECTOR 2.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,354,207 $3,446,394 $4,783,671 $907,813
2022 $3,549,386 $3,496,525 $3,838,850 $52,861
2021 $667,862 $631,612 $3,673,827 $36,250
2020 $1,119,029 $687,447 $3,500,919 $431,582
2019 $752,531 $795,523 $3,069,713 $-42,992
2018 $881,242 $464,727 $2,986,391 $416,515
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