LUTHERAN HOUSING DEVELOPMENT COMPA… - Form 990 Financial Data

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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

Principal Officer

CAROL ROBERTS

Phone

9258251060

Tax Period

2023-07-01 to 2024-06-30

LUTHERAN HOUSING DEVELOPMENT COMPANY LLC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $66K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Expenses of $265K exceeded revenue, resulting in a 302% operating deficit.

Mission

THE MISSION OF LUTHERAN HOUSING DEVELOPMENT COMPANY (LHDC) IS TO ACQUIRE, DEVELOP, AND MANAGE AFFORDABLE HOUSING SITES.

Program Service Accomplishments

Program 1

Expenses: $107,922

LHDC IS PART OF THE TRANSITIONAL HOUSING PROGRAM FOR FAMILIES AND YOUTH. IN SACRAMENTO, THE PROGRAM SERVES(THPF) AND IS A TWO YEAR TRANSITIONAL HOUSING PROGRAM FOR FAMILIES FUNDED THROUGH MCKINNEY...

LHDC IS PART OF THE TRANSITIONAL HOUSING PROGRAM FOR FAMILIES AND YOUTH. IN SACRAMENTO, THE PROGRAM SERVES(THPF) AND IS A TWO YEAR TRANSITIONAL HOUSING PROGRAM FOR FAMILIES FUNDED THROUGH MCKINNEY VENTO FUNDS WITH HOUSING AND URBAN DEVELOPMENT (HUD) DEPARTMENT. LHDC HAS ACQUIRED11 UNITS, INCLUDING ONE, TWO, THREEE AND FOUR BEDROOM UNITS. THE CAPACITY IS SACRAMENTO IS 11. LHDC HAS ALSO ACQUIRED A BUILDING WHICH PROVIDES AN ON-SITE OFFICE AND COMMUNITY SPACE. IN CONCORD, LHDC HAS ACQUIRED A 3 UNIT BUILDING TO SERVE THE TRANSITIONAL HOUSING PROGRAM PLUS (MI CASA0 FOR EMANCIPATED FOSTER YOUTH FUNDED BY CONTRA COSTA COUNTY. THE BUILDING IS USED FOR HOUSING PURPOSES. THE PROGRQAM PROVIDES HOUSING AND COMPREHENSIVE CASE MANAGEMENT AND OTHER SERVICES THAT ALLOW YOUNG ADULTS WHO HAVE EMANCIPATED FROM FOSTE CARE TO FOCUS.

Program 2

Expenses: $157,208 Revenue: $25,143

LHDC HAS ACQUIRED THREE PROPERTIES IN STOCKTON WITH 10,8 AND 6 UNITS. THESE WILL BE TRANSITIONAL HOUSING FOR PERSONS EXPERIENCING HOMELESSNESS OR AT THE RISK OF EXPERIENCING HOMELESSNESS.

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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 $40,823

Program Service Revenue $0

Investment Income $0

Other Revenue $25,143

TOTAL REVENUE $65,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,130

Other Expenses $265,130

TOTAL EXPENSES $265,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,966	$43,560	+0.5%
Expenses	$265,130	$146,177	+0.8%
Net Income	$-199,164	$-102,617	+0.9%

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
SANDRA HAMILTON SLANE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KENT CAMPBELL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN TAYLOR	SECRETARY	1.00	Officer Director	$0	$0	$0
BRION BEETZ	TREASURER	1.00	Officer Director	$0	$0	$0
REGINA BANKS	BOARD MEMBER	1.00	Director	$0	$0	$0
RIDWANA BENTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA BERG	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLYN BRODT	BOARD MEMBER	1.00	Director	$0	$0	$0
YOLANDA GAN	VICE CHAIR	1.00	Director	$0	$0	$0
SCOTT ETZEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA FOLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JAYDE GARCIA	BOARD MEMBER	1.00	Director	$0	$0	$0
IRYNA ORESHKOVA	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY LYNN PERRY	BOARD MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$65,966	$265,130	$5,503,483	$-199,164
2023	$43,560	$146,177	$1,588,695	$-102,617
2022	$366,756	$120,880	$1,584,736	$245,876
2021	$78,842	$74,471	$977,217	$4,371
2020	$43,622	$72,009	$984,771	$-28,387
2019	$114,721	$63,426	$1,024,438	$51,295
2018	$82,925	$48,838	$960,932	$34,087

LUTHERAN HOUSING DEVELOPMENT COMPANY LLC