LEXINGTON HOUSING DEVELOPMENT CORPORATION

EIN: 261596578 501(c)(3)

LEXINGTON, NE

Total Revenue
$303,028
Total Expenses
$205,836
Total Assets
$1,126,249
Net Assets
$1,093,129
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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
2007
Legal Domicile
NE
Principal Officer
JOHN SALEM
Phone
3083244633
Tax Period
2021-07-01 to 2022-06-30

LEXINGTON HOUSING DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit that reported $303K in total revenue in fiscal year 2021. The organization ran a surplus of $97K, a strong 32% operating margin.

Mission

THE MISSION OF THE HOUSING AUTHORITY OF THE CITY OF LEXINGTON NEBRASKA IS TO BE THE AREA'S AFFORDABLE HOUSING OF CHOICE. WE PROVIDE AND MAINTAIN SAFE, QUALITY HOUSING IN A COST-EFFECTIVE MANNER. BY PARTNERING WITH OTHERS, WE OFFER RENTAL ASSISTANCE AND OTHER RELATED SERVICES TO OUR COMMUNITY IN A NON-DISCRIMINATORY MANNER.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $303,015
Investment Income $13
Other Revenue $0
TOTAL REVENUE $303,028

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,724
Fundraising Expenses $0
Program Expenses $203,023
Other Expenses $169,112
TOTAL EXPENSES $205,836

Year-over-Year Comparison

2021 2020 Change
Revenue $303,028 N/A N/A
Expenses $205,836 N/A N/A
Net Income $97,192 N/A N/A
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
5
Independent Members
5
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM BRECKS DIRECTOR 1.00
Director
$0 $0 $0
VANCE BRICKER DIRECTOR 1.00
Director
$0 $0 $0
KYLE FERGUSON RESIDENT 1.00
Director
$0 $0 $0
JOHN SALEM VICE CHAIR 1.00
Officer 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
2022 $303,028 $205,836 $1,126,249 $97,192
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