LAKEVIEW VILLAGE INC

EIN: 351439037 501(c)(3) Health Care

SPEEDWAY, IN

Total Revenue
$801,064
Total Expenses
$758,364
Total Assets
$1,520,088
Net Assets
$-147,970
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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
1979
Legal Domicile
IN
Principal Officer
TIMOTHY PAINO
Phone
3172245223
Tax Period
2024-05-01 to 2025-04-30

LAKEVIEW VILLAGE INC, founded in 1979, is a small nonprofit in the Health Care sector that reported $801K in total revenue in fiscal year 2024. Expenses of $758K left a modest 5% surplus.

Mission

TO PROVIDE HOUSING TO LOW/VERY LOW INCOME INDIVIDUALS UNDER FEDERAL PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $790,575
Investment Income $4,317
Other Revenue $6,172
TOTAL REVENUE $801,064

Expense Breakdown

Grants Paid $0
Salaries & Benefits $185,471
Fundraising Expenses $0
Program Expenses $758,364
Other Expenses $572,893
TOTAL EXPENSES $758,364

Year-over-Year Comparison

2024 2023 Change
Revenue $801,064 $756,917 +0.1%
Expenses $758,364 $681,041 +0.1%
Net Income $42,700 $75,876 -0.4%
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
6
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY PAINO PRESIDENT 0.00
Officer Director
$0 $0 $0
DWAYNE SHAW DIRECTOR 0.00
Director
$0 $0 $0
LARRY WHITE SECRETARY/TREASURER 0.00
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 $801,064 $758,364 $1,520,088 $42,700
2024 $756,917 $681,041 $1,525,380 $75,876
2023 $715,754 $690,265 $1,541,069 $25,489
2022 $699,518 $625,043 $1,568,069 $74,475
2021 $698,367 $625,084 $1,543,354 $73,283
2020 $678,852 $628,166 $1,537,883 $50,686
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