LAKEWOOD COMMUNITY SERVICES CENTER… - 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

1983

Legal Domicile

Principal Officer

PATRICIA ROONEY

Phone

2162266466

Tax Period

2023-01-01 to 2023-12-31

LAKEWOOD COMMUNITY SERVICES CENTER INC, founded in 1983, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 14% operating deficit.

Mission

LAKEWOOD COMMUNITY SERVICES CENTER, INC. PROVIDES BASIC NEEDS ASSISTANCE, PERSONALIZED RESOURCES AND REFERRAL SERVICES WITH THE GOAL TO EMPOWER EACH INDIVIDUAL TO MOVE TOWARD GREATER SELF SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $356,585

LCSC IS THE POINT OF ACCESS FOR LAKEWOOD RESIDENTS WHO QUALIFY FOR THE CITY OF LAKEWOOD'S HUD EMERGENCY SHELTER GRANT (ESG) FUNDS FOR RENT AND/OR UTILITY CASH ASSISTANCE TO PREVENT HOMELESSNESS FOR HOUSEHOLDS AT IMMINENT RISK OR FOR SHORT-TERM SHELTER SERVICES FOR LITERALLY HOMELESS LAKEWOOD HOUSEHOLDS. BECAUSE OF COVID-19 LCSC'S LICENSED SOCIAL WORKERS PROVIDE CASE MANAGEMENT SERVICES ON A REMOTE BASIS. IF IN-PERSON SERVICES ARE NECESSARY, THEY ARE PROVIDED BY APPOINTMENT ONLY. A COMPREHENSIVE LIST OF ESSENTIAL SERVICES IS PROVIDED TO THOSE WHO QUALIFY FOR ASSISTANCE. CASE MANAGEMENT IS PROVIDED REGARDLESS OF ELIGIBILITY.

Program 2

Expenses: $381,484

LCSC DELIVERS A THREE DAY SUPPLY OF FOOD TWICE EVERY MONTH TO THOSE IN NEED, AS WELL AS ONCE A MONTH TO SENIORS WHO RECEIVE DOOR-TO-DOOR EMERGENCY FOOD DELIVERY TO FOUR SUBSIDIZED SENIOR APARTMENTS IN LAKEWOOD AND ONE IN ROCKY RIVER. EACH THREE DAY SUPPLY OF FOOD INCLUDES SHELF-STABLE STAPLES AS WELL AS BREAD AND FRESH FRUIT, VEGETABLES AND PROTEIN, AS AVAILABLE. PERSONAL CARE ITEMS ARE ALSO PROVIDED WHEN AVAILABLE.

Program 3

Expenses: $246,519

LCSC IS THE POINT OF ACCESS FOR LAKEWOOD RESIDENTS WHO QUALIFY FOR THE CITY OF LAKEWOOD'S AMERICAN RESCUE PLAN ACT EMERGENCY RENT ASSISTANCE (ARPA) AND EMERGENCY RENT ASSISTANCE (ERA-1) FUNDS FOR...

LCSC IS THE POINT OF ACCESS FOR LAKEWOOD RESIDENTS WHO QUALIFY FOR THE CITY OF LAKEWOOD'S AMERICAN RESCUE PLAN ACT EMERGENCY RENT ASSISTANCE (ARPA) AND EMERGENCY RENT ASSISTANCE (ERA-1) FUNDS FOR RENT AND/OR UTILITY CASH ASSISTANCE TO PREVENT HOMELESSNESS FOR HOUSEHOLDS AT IMMINENT RISK.

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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 $1,008,501

Program Service Revenue $0

Investment Income $38,647

Other Revenue $0

TOTAL REVENUE $1,047,148

Expense Breakdown

Grants Paid $489,140

Salaries & Benefits $510,391

Fundraising Expenses $59,146

Program Expenses $1,022,729

Other Expenses $190,221

TOTAL EXPENSES $1,189,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,047,148	$2,441,098	-0.6%
Expenses	$1,189,752	$2,714,967	-0.6%
Net Income	$-142,604	$-273,869	-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

Governance

Voting Members

Independent Members

Employees

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

$134,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL COHN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
KAREN COOK	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
BRIAN CAPPELLI	TREASURER	2.00	Officer Director	$0	$0	$0
COLLEEN COTTER	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD JANUS	TRUSTEE	2.00	Director	$0	$0	$0
JOHN CORLETT	TRUSTEE	2.00	Director	$0	$0	$0
PATRICIA ROONEY	EXECUTIVE DIRECTOR	40.00	Officer	$134,996	$0	$134,996

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	$1,047,148	$1,189,752	$1,149,000	$-142,604
2022	$2,441,098	$2,714,967	$1,238,956	$-273,869
2021	$2,603,866	$2,294,019	$1,611,423	$309,847
2020	$1,599,722	$1,493,354	$1,352,686	$106,368
2019	$813,352	$691,553	$1,106,375	$121,799
2018	$666,404	$627,076	$963,031	$39,328

LAKEWOOD COMMUNITY SERVICES CENTER INC