LIFE SPAN HOME 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

2008

Legal Domicile

Principal Officer

CRAIG GILLETT

Phone

9169650110

Tax Period

2023-01-01 to 2023-12-31

LIFE SPAN HOME INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $234K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $186K, a strong 79% operating margin.

Mission

THE PRIMARY PURPOSE OF THIS CORPORATION IS TO (A) FOSTER THE PRODUCTION, DEVELOPMENT, OWNERSHIP, AND OPERATION OF AFFORDABLE AND MIXED-INCOME HOUSING, (B) PROVIDE PRE-DEVELOPMENT, CONSTRUCTION, BRIDGE AND PERMANENT FINANCING TO AFFORDABLE AND MIXED-INCOME HOUSING DEVELOPMENTS, (C) FOSTER, SUPPORT, FINANCE AND ENCOURAGE THE DEVELOPMENT OF INNOVATIVE SERVICES SUPPORTING THE HEALTH AND WELLBEING OF RESIDENTS OF AFFORDABLE AND MIXED INCOME HOUSING PROJECTS AND OTHER LOW-INCOME AND/OR UNDERSERVED COMMUNITIES, AND (D) ENGAGING IN ANY ACTIVITIES THAT ARE REASONABLY RELATED TO OR IN FURTHERANCE OF ITS STATED CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $20,000 Revenue: $233,640

PRODUCTION AND DEVELOPMENT OF AFFORDABLE HOUSING

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $233,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $233,640

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,000

Other Expenses $27,919

TOTAL EXPENSES $47,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,640	$23,468,500	-1.0%
Expenses	$47,919	$5,177	+8.3%
Net Income	$185,721	$23,463,323	-1.0%

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
BETH SOUTHERN	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CRAIG GILLETT	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
DARREN BOBROVSKY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
EDWARD HERZOG	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
GEOFF BROWN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
KEN ROBERTSON	BOARD SECRETARY	10.00	Officer Director	$0	$0	$0
KYLE ARNDT	BOARD DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$233,640	$47,919	$25,302,897	$185,721
2022	$23,468,500	$5,177	$24,976,686	$23,463,323