LYCEUM III HOUSING DEVELOPMENT FUND CORPORATION (EIN 271706494) - 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

2010

Legal Domicile

Principal Officer

ROBERT DOEBLIN

Phone

3157898010

Tax Period

2025-01-01 to 2025-12-31

LYCEUM III HOUSING DEVELOPMENT FUND CORPORATION, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $140K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $205K exceeded revenue, resulting in a 47% operating deficit.

Mission

DEVELOP, CONSTRUCT, AND MANAGE RENTAL HOUSING PROJECTS FOR SENIOR CITIZENS OF LOW INCOME.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $139,600

Investment Income $40

Other Revenue $0

TOTAL REVENUE $139,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,088

Fundraising Expenses $0

Program Expenses $164,923

Other Expenses $194,214

TOTAL EXPENSES $205,302

Year-over-Year Comparison

	2025	2024	Change
Revenue	$139,640	$128,170	+0.1%
Expenses	$205,302	$203,538	+0.0%
Net Income	$-65,662	$-75,368	-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
DOMINICK VEDORA	PRESIDENT	1.00	Officer Director	$0	$0	$0
PHIL BECKLEY	VICE-PRESIDENT	1.00	Director	$0	$0	$0
JAMES VEDORA	TREASURER	1.00	Director	$0	$0	$0
JOHN PARROTT JR	SECRETARY	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
2025	$139,640	$205,302	$2,078,290	$-65,662
2024	$128,170	$203,538	$2,139,086	$-75,368
2023	$122,788	$184,583	$2,195,509	$-61,795
2022	$126,074	$189,680	$2,275,578	$-63,606
2021	$122,058	$185,345	$2,364,499	$-63,287
2020	$122,430	$166,443	$2,417,344	$-44,013
2019	$118,446	$170,643	$2,483,892	$-52,197
2018	$118,937	$165,417	$2,527,482	$-46,480

LYCEUM III HOUSING DEVELOPMENT FUND CORPORATION