Lawndale Apartments Inc Nonprofit Housing Corporation (EIN 383069393) - 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

1992

Legal Domicile

Principal Officer

Mary Trucks

Phone

5177723261

Tax Period

2024-01-01 to 2024-12-31

Lawndale Apartments Inc Nonprofit Housing Corporation, founded in 1992, is a small nonprofit that reported $177K in total revenue in fiscal year 2024. Expenses of $168K left a modest 5% surplus.

Mission

Provide affordable housing to low and moderate income senior citizens.

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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 $79,100

Program Service Revenue $95,647

Investment Income $2,003

Other Revenue $0

TOTAL REVENUE $176,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,589

Other Expenses $167,551

TOTAL EXPENSES $167,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,750	$174,192	+0.0%
Expenses	$167,551	$235,209	-0.3%
Net Income	$9,199	$-61,017	-1.2%

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
Mary Trucks	Chairperson	1.00	Officer Director	$0	$0	$0
Anita Brown	Vice Chair	1.00	Officer Director	$0	$0	$0
David Osterman	Treasurer	1.00	Officer Director	$0	$0	$0
Yvonne Dicus	Secretary	1.00	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
2024	$176,750	$167,551	$516,590	$9,199
2023	$174,192	$235,209	$510,692	$-61,017
2022	$177,536	$233,050	$574,730	$-55,514
2021	$181,150	$207,660	$627,976	$-26,510
2020	$168,592	$217,351	$685,007	$-48,759
2019	$166,782	$194,835	$694,870	$-28,053
2018	$157,750	$205,068	$765,174	$-47,318

Lawndale Apartments Inc Nonprofit Housing Corporation