LBB CORP

EIN: 320225691 501(c)(3) Housing & Shelter

NEWPORT, RI

Total Revenue
$577,837
Total Expenses
$658,733
Total Assets
$5,229,778
Net Assets
$4,362,099
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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
RI
Phone
4018465114
Tax Period
2025-01-01 to 2025-12-31

LBB CORP, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $578K in total revenue in fiscal year 2025. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $659K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO DEVELOP AND OWN AFFORDABLE HOUSING FOR PERSONS UNDER 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $570,625
Investment Income $1,323
Other Revenue $5,889
TOTAL REVENUE $577,837

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $658,733
Other Expenses $658,733
TOTAL EXPENSES $658,733

Year-over-Year Comparison

2025 2024 Change
Revenue $577,837 $452,797 +0.3%
Expenses $658,733 $605,968 +0.1%
Net Income $-80,896 $-153,171 -0.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT SABEL President 0.50
Officer Director
$0 $0 $0
MARJORIE JENSEN Vice President 0.50
Officer Director
$0 $0 $0
KARENLU LAPOLICE Secretary 0.50
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 $577,837 $658,733 $5,229,778 $-80,896
2024 No data No data No data No data
2023 $329,858 $578,812 $5,480,587 $-248,954
2022 $341,133 $528,982 $5,700,470 $-187,849
2021 $350,858 $527,266 $5,882,889 $-176,408
2020 $342,684 $524,434 $6,063,039 $-181,750
2019 $336,713 $518,838 $6,241,841 $-182,125
2018 $338,070 $528,875 $6,424,403 $-190,805
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