LAMOILLE HOUSING PARTNERSHIP INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $2,817,957 Revenue: $320,400

PROPERTY MANAGEMENT AND DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF THE ORGANIZATION FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING.

Program 2

Expenses: $370,569 Revenue: $304,134

PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS FOR ALL THE ORGANIZATION'S PROJECTS. THE PROPERTY OPERATIONS INCLUDES EVERGREEN MANOR MOBILE HOME PARK (EMMHP) WHICH PROVIDES...

PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS FOR ALL THE ORGANIZATION'S PROJECTS. THE PROPERTY OPERATIONS INCLUDES EVERGREEN MANOR MOBILE HOME PARK (EMMHP) WHICH PROVIDES HOUSING FOR LOW INCOME INDIVIDUALS. EMMHP HAS 32 RESIDENTIAL LOTS AND IS LOCATED IN HARDWICK,VERMONT.

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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 (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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$112,783

Total Directors

Key Employees

Highest Compensated

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