STONEBORO DEVELOPMENT CORPORATION

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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

1982

Legal Domicile

Principal Officer

ELENA REITHER

Phone

8009631280

Tax Period

2024-07-01 to 2025-06-30

STONEBORO DEVELOPMENT CORPORATION, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $453K in total revenue in fiscal year 2024. Expenses of $433K left a modest 4% surplus.

Mission

OPERATION OF HUD SUBSIDIZED HOUSING FOR THE LOW INCOME ELDERLY

Program Service Accomplishments

Program 1

Expenses: $395,406 Revenue: $209,752

STONEBORO DEVELOPMENT CORPORATION D/B/A LAKEVIEW MANOR (CORPORATION) OPERATES A 50-UNIT APARTMENT COMPLEX LOCATED IN MERCER COUNTY, PENNSYLVANIA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (ACT)...

STONEBORO DEVELOPMENT CORPORATION D/B/A LAKEVIEW MANOR (CORPORATION) OPERATES A 50-UNIT APARTMENT COMPLEX LOCATED IN MERCER COUNTY, PENNSYLVANIA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (ACT), WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY INDIVIDUALS. THE CORPORATION IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES, OPERATING EXPENSES, DISTRIBUTIONS TO OFFICERS OR DIRECTORS, AND OPERATING METHODS.

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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 $242,985

Program Service Revenue $209,752

Investment Income $345

Other Revenue $0

TOTAL REVENUE $453,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $395,406

Other Expenses $432,832

TOTAL EXPENSES $432,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$453,082	$462,371	0.0%
Expenses	$432,832	$402,020	+0.1%
Net Income	$20,250	$60,351	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELENA REITHER	PRESIDENT	4.00	Officer Director	$0	$0	$0
PATRICIA HENRY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANET PRATT	TREASURER	1.00	Officer Director	$0	$0	$0
MELISSA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM EVERALL	DIRECTOR	1.00	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	$453,082	$432,832	$392,671	$20,250
2024	$462,371	$402,020	$465,526	$60,351
2023	$455,627	$468,296	$492,519	$-12,669
2022	$369,069	$421,078	$584,859	$-52,009
2021	$394,928	$422,532	$644,173	$-27,604
2020	$409,644	$475,262	$686,785	$-65,618
2019	$422,665	$489,286	$763,510	$-66,621