LIFESPRING RESIDENTIAL SER INC D/B/A MANOR HOUSE APARTMENTS (EIN 311140517) - 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

1985

Legal Domicile

Principal Officer

NICK CLARK

Phone

8122061344

Tax Period

2024-07-01 to 2025-06-30

LIFESPRING RESIDENTIAL SER INC D/B/A MANOR HOUSE APARTMENTS, founded in 1985, is a small nonprofit in the Unknown sector that reported $219K in total revenue in fiscal year 2024. The organization ran a surplus of $51K, a strong 23% operating margin.

Mission

LIFESPRING RESIDENTIAL SERVICES, INC WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 20 UNIT APARTMENT COMMUNITY IN NEW ALBANY, INDIANA, KNOWN AS MANOR HOUSE APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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 $149,318

Program Service Revenue $68,610

Investment Income $11

Other Revenue $1,167

TOTAL REVENUE $219,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,462

Other Expenses $168,553

TOTAL EXPENSES $168,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$219,106	$206,748	+0.1%
Expenses	$168,553	$211,928	-0.2%
Net Income	$50,553	$-5,180	-10.8%

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
JOE KIMMEL	PRESIDENT	0.20	Officer Director	$0	$0	$0
JEFFERY CALDWELL	VICE PRESIDENT (RESIGNED 3/6/25)	0.20	Officer Director	$0	$0	$0
NICK CLARK	SECRETARY/TREASURER	1.75	Officer Director	$0	$0	$0
RENEE BAINES	VICE PRESIDENT (EFF. 5/5/25)	0.20	Director	$0	$0	$0
BETH KEENEY	MEMBER	0.20	Director	$0	$0	$0
DARNELL JACKSON	MEMBER	0.20	Director	$0	$0	$0
JEANA BATEMAN	MEMBER	0.20	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	$219,106	$168,553	$413,719	$50,553
2024	$206,748	$211,928	$397,440	$-5,180

LIFESPRING RESIDENTIAL SER INC D/B/A MANOR HOUSE APARTMENTS