LAKE VIEW TOWERS RESIDENTS ASSOCIATION INC (EIN 363971142) - 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

2004

Legal Domicile

Principal Officer

DIANE SANTUCCI

Phone

7732865400

Tax Period

2024-01-01 to 2024-12-31

LAKE VIEW TOWERS RESIDENTS ASSOCIATION INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $7.3M in total revenue in fiscal year 2018.

Mission

TO PROVIDE AND MAINTAIN SAFE AND AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.

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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 $10,342,924

Investment Income $27,042

Other Revenue $316,274

TOTAL REVENUE $10,686,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,147,971

Fundraising Expenses $0

Program Expenses $10,403,952

Other Expenses $9,255,981

TOTAL EXPENSES $10,403,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,686,240	$9,354,049	+0.1%
Expenses	$10,403,952	$9,749,328	+0.1%
Net Income	$282,288	$-395,279	-1.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE CARTER	Asst. Secretary	2.00	Officer Director	$0	$0	$0
DIANE SANTUCCI	President/Secr	2.00	Officer Director	$0	$0	$0
LENA MCCLELLAN	Vice President	2.00	Director	$0	$0	$0
RASHID SHAIKH	Vice President	2.00	Director	$0	$0	$0
SEID DEGU	Treasurer	2.00	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	No data	No data	No data	No data
2024	$10,686,240	$10,403,952	$43,298,271	$282,288
2023	$9,354,049	$9,749,328	$45,032,987	$-395,279
2022	$9,205,558	$20,867,649	$45,962,939	$-11,662,091
2021	$9,007,735	$9,340,054	$58,558,713	$-332,319
2020	$9,028,041	$9,113,976	$60,286,859	$-85,935
2019	$9,247,590	$8,955,663	$60,938,090	$291,927
2018	$7,313,114	$7,162,022	$35,412,357	$151,092

LAKE VIEW TOWERS RESIDENTS ASSOCIATION INC