LEONARD HOUSING CORPORATION (EIN 262167082) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

MICHELLE STINER

Phone

8147651551

Tax Period

2024-10-01 to 2025-09-30

LEONARD HOUSING CORPORATION, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $123K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $160K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE CORPORATION CONSTRUCTED AND OWNS A LOW-INCOME ELDERLY HOUSING PROJECT KNOWN AS LEONARD COURT. THE PROJECT WAS FINANCED BY, AND IS SUBJECT TO THE REGULATIONS PURSUANT TO, HUD SECTION 202.

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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 $0

Program Service Revenue $121,167

Investment Income $937

Other Revenue $1,134

TOTAL REVENUE $123,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,744

Fundraising Expenses $0

Program Expenses $159,528

Other Expenses $139,784

TOTAL EXPENSES $159,528

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,238	$113,969	+0.1%
Expenses	$159,528	$153,193	+0.0%
Net Income	$-36,290	$-39,224	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TYLER KIRKWOOD	CHAIRPERSON	N/A	Officer Director	$0	$0	$0
DAN NELSON	VICE CHAIRPE	N/A	Officer Director	$0	$0	$0
STEVE LIVERGOOD	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KRISTI RICH	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA RUSSELL	DIRECTOR	N/A	Director	$0	$0	$0
LUKE WALKER	DIRECTOR	N/A	Director	$0	$0	$0
JASON HOLENCIK	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
2025	$123,238	$159,528	$1,203,480	$-36,290
2024	$113,969	$153,193	$1,240,485	$-39,224
2023	$105,052	$159,263	$1,277,926	$-54,211
2022	$100,470	$149,527	$1,314,014	$-49,057
2021	$118,824	$155,914	$1,364,698	$-37,090
2020	$102,075	$139,224	$1,399,368	$-37,149
2019	$97,829	$131,913	$1,442,432	$-34,084
2018	$94,919	$136,380	$1,481,673	$-41,461

LEONARD HOUSING CORPORATION