LANTERN HILL INC

EIN: 371742780 501(c)(3) Housing & Shelter

NEW PROVIDENCE, NJ

Total Revenue
$47,639,239
Total Expenses
$48,623,404
Total Assets
$247,348,679
Net Assets
$-29,667,112
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
MD
Principal Officer
PATRICIA BROWN
Phone
9082196702
Tax Period
2023-01-01 to 2023-12-31

LANTERN HILL INC, founded in 2013, is a mid-sized nonprofit in the Housing & Shelter sector that reported $47.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,055,882
Program Service Revenue $46,183,562
Investment Income $198,547
Other Revenue $201,248
TOTAL REVENUE $47,639,239

Expense Breakdown

Grants Paid $7,000
Salaries & Benefits $18,612,088
Fundraising Expenses $1,544
Program Expenses $41,626,139
Other Expenses $30,004,316
TOTAL EXPENSES $48,623,404

Year-over-Year Comparison

2023 2022 Change
Revenue $47,639,239 $54,016,716 -0.1%
Expenses $48,623,404 $60,152,831 -0.2%
Net Income $-984,165 $-6,136,115 -0.8%
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

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Governance

Voting Members
12
Independent Members
8
Employees
550
Volunteers
101

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
9
$808,617
Total Directors
15
$1,340,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARNOLD SPEERT DIRECTOR (THRU 3/31/23) 1.10
Director
$0 $0 $22,500
BARBARA C BISGAIER VICE CHAIR & VICE PRESIDENT 0.30
Officer Director
$0 $0 $110,000
C JACKSON BAIN DIRECTOR (THRU 3/31/23) 0.10
Director
$0 $0 $22,500
DAVE MARR RESIDENT DIRECTOR (THRU 3/31/23) 0.20
Director
$0 $0 $0
EILEEN G ERSTAD TREASURER 0.10
Officer Director
$0 $0 $167,500
IAN BROWN DIRECTOR (BEG 4/1/23) 0.10
Director
$0 $0 $65,000
MARY D COLINS SECRETARY 0.10
Officer Director
$0 $0 $150,000
MICHAEL W ROSKIEWICZ DIRECTOR 0.10
Director
$0 $0 $110,000
MONTY C LEONARD DIRECTOR 0.10
Director
$0 $0 $87,500
PAMELA D PAULK DIRECTOR 0.10
Director
$0 $0 $87,500
PATRICIA M BROWN CHAIR & PRESIDENT 1.00
Officer Director
$0 $0 $87,500
REV DR ZINA JACQUE DIRECTOR 0.10
Director
$0 $0 $215,000
RUSSELL SHARP DIRECTOR (BEG 4/1/23) 0.10
Director
$0 $0 $65,000
STEPHANIE L REEL DIRECTOR 0.10
Director
$0 $0 $150,000
TERRY COX RESIDENT DIRECTOR (BEG 4/1/23) 0.20
Director
$0 $0 $0
CHRIS RATHMANN ASSISTANT TREASURER 0.50
Officer
$0 $0 $0
CRAIG KARCZMER EXECUTIVE DIRECTOR 40.00
Officer
$277,846 $15,771 $293,617
JOHN HALL ASSISTANT TREASURER 0.50
Officer
$0 $0 $0
MARK EMBLEY ASSISTANT TREASURER 0.50
Officer
$0 $0 $0
NEAL GANTERT ASSISTANT TREASURER 0.50
Officer
$0 $0 $0
KATHARYN BANKS SALES COUNSELOR 40.00
Highest
$119,210 $417 $119,627
LINDA BECHTOLD DIRECTOR, NURSING 40.00
Highest
$148,847 $14,997 $163,844
MARISSA DELATORRE COORDINATOR, MDS PATIENT 40.00
Highest
$113,572 $3,607 $117,179
TERRI CAMPBELL HEALTH CARE COUNSELOR 40.00
Highest
$114,087 $8,496 $122,583
KAREN CAMPBELL INFECTION PREVENTIONIST 40.00
Highest
$115,361 $10,433 $125,794
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 $47,639,239 $48,623,404 $247,348,679 $-984,165
2022 $54,016,716 $60,152,831 $474,235,915 $-6,136,115
2021 $49,148,353 $54,216,519 $464,665,892 $-5,068,166
2020 $45,680,976 $45,081,959 $430,250,318 $599,017
2019 $38,682,202 $43,241,853 $402,913,758 $-4,559,651
2018 $31,499,232 $36,672,878 $290,427,002 $-5,173,646
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