LINC - REDONDO BEACH SENIORS INC - 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

1995

Legal Domicile

Phone

5626841100

Tax Period

2024-01-01 to 2024-12-31

LINC - REDONDO BEACH SENIORS INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024.

Mission

LINC-REDONDO BEACH SENIORS, INC OWNS AN APARTMENT BUILDING IN ORDER TO LESSEN THE BURDEN OF GOVERNMENTS AND PROVIDE AFFORDABLE HOUSING THROUGHOUT CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $2,892,450 Revenue: $2,796,006

PROVIDE LOW INCOME AFFORDABLE HOUSING TO NEEDY INDIVIDUALS.

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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 $0

Program Service Revenue $2,795,693

Investment Income $313

Other Revenue $0

TOTAL REVENUE $2,796,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,475

Fundraising Expenses $0

Program Expenses $2,892,450

Other Expenses $2,576,908

TOTAL EXPENSES $2,928,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,796,006	$2,641,084	+0.1%
Expenses	$2,928,383	$2,626,114	+0.1%
Net Income	$-132,377	$14,970	-9.8%

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

$699,354

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
REBECCA F CLARK	CEO	Officer	$0	$43,809	$556,148
ERIK SVENSSON	CFO	Officer	$0	$6,964	$143,206
PAUL NOWATKA	Secretary	Officer Director	$0	$0	$0
JEFF MINDES	Chairman	Officer Director	$0	$0	$0
MARK MONTOYA	VICE CHAIRMAN	Officer Director	$0	$0	$0
TERRY TORNEK	TREASURER	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
2024	$2,796,006	$2,928,383	$14,122,458	$-132,377
2023	$2,641,084	$2,626,114	$14,492,220	$14,970
2022	$2,552,170	$2,583,410	$14,634,878	$-31,240
2021	$2,342,634	$2,354,220	$6,573,479	$-11,586
2020	$2,359,654	$2,408,043	$6,970,951	$-48,389
2019	$2,366,743	$2,278,242	$6,872,445	$88,501
2018	$2,359,948	$1,930,667	$6,628,607	$429,281

LINC - REDONDO BEACH SENIORS INC