LEMON STREET DEVELOPMENT CORPORATION (EIN 261380120) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

SCOTT CAMPBELL

Phone

7704195127

Tax Period

2024-01-01 to 2024-12-31

LEMON STREET DEVELOPMENT CORPORATION, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2018. Revenue surged 221% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 71% operating margin.

Mission

DEVELOP, FOSTER, MANAGE, AND OTHERWISE FACILITATE,DIRECTLY OR INDIRECTLY THROUGH OTHER ENTITIES, THE PROVISION OF HOUSING FOR LOW INCOME PERSONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,657,181

Investment Income $517,257

Other Revenue $0

TOTAL REVENUE $3,174,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,311,454

Other Expenses $1,311,454

TOTAL EXPENSES $1,311,454

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,174,438	$3,046,824	+0.0%
Expenses	$1,311,454	$1,355,928	0.0%
Net Income	$1,862,984	$1,690,896	+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

$746,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT CAMPBELL	PRESIDENT	40.00	Officer	$0	$45,051	$191,223
NOEL TAYLOR	DIRECTOR OF	28.00	Officer	$0	$59,549	$308,148
MARK WRIGHT	SEC/TREAS	18.00	Officer	$0	$45,853	$247,316
ALLEN KRIVSKY	CHAIR	N/A	Officer Director	$0	$0	$0
MITCH HUNTER	VICE CHAIR	N/A	Officer Director	$0	$0	$0
RUBEN SANDS	DIRECTOR	N/A	Director	$0	$0	$0
LAING HEIDT	DIRECTOR	N/A	Director	$0	$0	$0
LATASHA HARMON	DIRECTOR	N/A	Director	$0	$0	$0
ALLISON GRUEHN	DIRECTOR	N/A	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	$3,174,438	$1,311,454	$14,361,998	$1,862,984
2023	$3,046,824	$1,355,928	$12,517,334	$1,690,896
2022	$3,111,587	$1,284,946	$10,904,163	$1,826,641
2021	$4,271,754	$1,009,644	$8,974,002	$3,262,110
2020	$1,732,730	$956,659	$5,740,105	$776,071
2019	$2,091,241	$890,135	$4,926,831	$1,201,106
2018	$2,353,815	$692,519	$3,721,038	$1,661,296

LEMON STREET DEVELOPMENT CORPORATION