LACKAWANNA NEIGHBORS 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

1968

Legal Domicile

Principal Officer

DAVID WEGNER

Phone

5709637616

Tax Period

2024-01-01 to 2024-12-31

LACKAWANNA NEIGHBORS INC, founded in 1968, is a micro nonprofit in the Housing & Shelter sector that reported $80K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 54% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN SCRANTON AND SURROUNDING LACKAWANNA COUNTY, PA.

Program Service Accomplishments

Program 1

Expenses: $27,872 Revenue: $52,174

THE ORGANIZATION PROVIDED PROPERTY MANAGEMENT SERVICES TO TWO (2) APARTMENT COMPLEXES IN SCRANTON, PENNSYLVANIA. BOTH COMPLEXES ARE OWNED AND OPERATED BY FELLOW NON-PROFIT ORGANIZATIONS, AND ALL...

THE ORGANIZATION PROVIDED PROPERTY MANAGEMENT SERVICES TO TWO (2) APARTMENT COMPLEXES IN SCRANTON, PENNSYLVANIA. BOTH COMPLEXES ARE OWNED AND OPERATED BY FELLOW NON-PROFIT ORGANIZATIONS, AND ALL TENANTS ARE LOWER INCOME FAMILIES AND INDIVIDUALS. RENTS ARE CHARGED AT WELL BELOW MARKET VALUE (35% TO 40% BELOW FMV) TO MAKE THESE UNITS AFFORDABLE TO FAMILIES AND INDIVIDUALS IN NEED. THE ORGANIZATION MANAGED DAY-TO-DAY AFFAIRS FOR APPROXIMATELY 250 RESIDIENTIAL UNITS, INCLUDING THE CLEANLINESS, QUALITY, AND SAFETY OF THE APARTMENTS AND ALL COMMON AREAS, INCLUDING LAWNS, SIDEWALKS, GREEN SPACES, AND PARKING LOTS. THE ORGANIZATION IS STILL ACTIVELY PURSUING GRANT FUNDING AND PROJECTS TO PURCHASE OLDER AND/OR NEGLECTED HOMES, AND TO REHABILITATE THEM FOR THE PURPOSE OF SELLING THESE RESIDENCES TO FIRST-TIME HOME BUYERS.

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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 $6,870

Program Service Revenue $52,174

Investment Income $20,986

Other Revenue $0

TOTAL REVENUE $80,030

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,215

Fundraising Expenses $0

Program Expenses $27,872

Other Expenses $19,871

TOTAL EXPENSES $37,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,030	$60,699	+0.3%
Expenses	$37,086	$54,389	-0.3%
Net Income	$42,944	$6,310	+5.8%

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

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

$86,491

Total Directors

$89,996

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEAN ANNE MANZO EX-OFFICIO	EXECUTIVE DI	5.00	Director	$0	$10,675	$89,996
EDIS HANIC	TREASURER	4.00	Officer	$0	$10,751	$86,491
JOHN BOGDANOVICZ	DIRECTOR	2.00	Director	$0	$0	$0
SISTER JEAN COUGHLIN	DIRECTOR	2.00	Director	$0	$0	$0
SANDY FRAZIER	DIRECTOR	2.00	Director	$0	$0	$0
JERRY GILPATRICK	DIRECTOR	2.00	Director	$0	$0	$0
MIKE HAUSER	DIRECTOR	2.00	Director	$0	$0	$0
DANA JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
TAMMY JACKSON	DIRECTOR	2.00	Director	$0	$0	$0
SISTER JANET JEFFERS	DIRECTOR	2.00	Director	$0	$0	$0
HERB KNELLER	DIRECTOR	2.00	Director	$0	$0	$0
LORRIE LOUGHNEY	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH MAHONEY	DIRECTOR	2.00	Director	$0	$0	$0
KUNIHIKO MATSUI	DIRECTOR	2.00	Director	$0	$0	$0
ED MOTT	DIRECTOR	2.00	Director	$0	$0	$0
LAKESH PATEL	DIRECTOR	2.00	Director	$0	$0	$0
BHUPENDRA AMIN	VICE PRESIDE	6.00	Officer	$0	$0	$0
JOAN DONOVAN	ASSISTANT SE	5.00	Officer	$0	$0	$0
AMANDA MCIVER	SECRETARY	6.00	Officer	$0	$0	$0
DAVID WEGNER	PRESIDENT	9.00	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	$80,030	$37,086	$611,887	$42,944
2023	$60,699	$54,389	$570,518	$6,310
2022	$53,192	$37,541	$562,713	$15,651
2021	$60,317	$41,291	$547,111	$19,026
2020	$56,267	$43,089	$528,097	$13,178
2019	$59,971	$44,815	$514,870	$15,156
2018	$54,959	$174,402	$499,750	$-119,443