LINC HOUSING CORPORATION (EIN 330578620) - 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

1993

Legal Domicile

Phone

5626841100

Tax Period

2023-01-01 to 2023-12-31

LINC HOUSING CORPORATION, founded in 1993, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.7M in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $23.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

LINC HOUSING CORPORATION IS A NONPROFIT ORGANIZATION THAT BUILDS, OWNS AND OPERATES AFFORDABLE HOUSING FOR SENIORS AND FAMILIES THROUGHOUT CALIFORNIA. LINC ALSO OFFERS ITS RESIDENTS LIFE-ENHANCING SERVICES THROUGH THE LINC CARES PROGRAM.

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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 $5,021,238

Program Service Revenue $13,739,049

Investment Income $994,069

Other Revenue $-14,599

TOTAL REVENUE $19,739,757

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $12,377,418

Fundraising Expenses $867,556

Program Expenses $14,786,032

Other Expenses $11,320,988

TOTAL EXPENSES $23,713,406

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,739,757	$43,197,874	-0.5%
Expenses	$23,713,406	$19,568,923	+0.2%
Net Income	$-3,973,649	$23,628,951	-1.2%

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

147

Volunteers

131

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

$2,699,351

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA F CLARK	CEO	36.00	Officer	$512,290	$41,557	$553,847
SUNY CHANG	President & COO	36.00	Officer	$450,953	$47,624	$498,577
MARY MOORE	CFO	36.00	Officer	$299,294	$21,805	$321,099
ANDERS PLETT	SVP of devel	36.00	Officer	$251,465	$47,328	$298,793
BENJAMIN WINTER	svp bus develop	36.00	Officer	$246,470	$42,541	$289,011
JAMES AlIBERTI	Sr Vice Pres.	36.00	Officer	$231,019	$39,199	$270,218
CECELIA NGO	VP of Housing Development	36.00		$224,034	$44,094	$268,128
DONIELLE NICHOLS	VP OF FINANCE	36.00	Officer	$221,633	$39,845	$261,478
RUTH SMITH	VP OF HR	36.00		$198,270	$24,476	$222,746
EILEEN K DOOLEY	VP OF CORP DEV	36.00	Officer	$179,766	$26,562	$206,328
WILL SAGER	DR OF HSG FINANCE	36.00		$178,169	$27,683	$205,852
Yvette Barry	DR OF ASSET MGMT	36.00		$175,856	$29,014	$204,870
MARIA MARQUEZ-BROOKS	VP of Resident Services	36.00		$172,508	$30,508	$203,016
Marco Ramirez	VP of Impact and Strategic	36.00		$177,940	$17,439	$195,379
JORDAN FREEDMAN	SR PROJECT MRG	36.00		$162,530	$27,423	$189,953
JHONA TRAINA	Controller	36.00		$158,889	$20,645	$179,534
IAN SIMPSON	DR OF Markets	36.00		$144,980	$20,088	$165,068
Terri Mosqueda	Director	0.55	Director	$0	$0	$0
JILL MCCULLOUGH	Secretary	0.73	Officer Director	$0	$0	$0
RYAN ATLOON	Director	0.47	Director	$0	$0	$0
JOHN GIVEN	Director	0.79	Director	$0	$0	$0
Cynthia Gonzalez	Director	0.45	Director	$0	$0	$0
CATHY ROONEY	Director	0.58	Director	$0	$0	$0
RYAN CALLAHAN	Director	0.63	Director	$0	$0	$0
JEFF LEE	Chairman	0.79	Officer Director	$0	$0	$0
WENDY JAQUEMIN	Director	0.52	Director	$0	$0	$0
EVERETT ORRICK	Vice Chair	0.75	Officer Director	$0	$0	$0
AMBER SCOTT	Director	0.45	Director	$0	$0	$0
SCOTT ANDERSON	Treasurer	0.56	Officer Director	$0	$0	$0
Bonnie Lowenthal	Director	0.55	Director	$0	$0	$0
Ruby Bolaria Shifrin	Director	0.10	Director	$0	$0	$0
JAY PRAG	PAST CHAIR	0.58	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	$19,739,757	$23,713,406	$234,573,114	$-3,973,649
2022	$43,197,874	$19,568,923	$271,674,927	$23,628,951
2021	$22,614,981	$13,795,760	$238,297,567	$8,819,221
2020	$20,252,623	$12,499,470	$207,020,342	$7,753,153
2019	$28,105,286	$9,853,085	$131,409,079	$18,252,201
2018	$20,003,248	$11,830,115	$128,889,299	$8,173,133

LINC HOUSING CORPORATION