LILAC LANE NON-PROFIT HOUSING CORP

EIN: 383196830

GRAND RAPIDS, MI

Total Revenue
$-1,114,507
Total Expenses
$232,955
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
MI
Principal Officer
ANDRE PIERRE
Phone
6163018000
Tax Period
2018-10-01 to 2019-09-30

LILAC LANE NON-PROFIT HOUSING CORP, founded in 1994, is a micro nonprofit that reported $1.1M in total revenue in fiscal year 2018. Revenue fell 188% from the prior year — a significant decline worth monitoring.

Mission

IN CHRISTIAN SERVICE, HOPE NETWORK EMPOWERS PEOPLE TO OVERCOME CHALLENGES TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $209,709 Revenue: $233,692

WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDE INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING IS OFFERED TO LOW AND...

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WE WANT PEOPLE TO FEEL RIGHT AT HOME. OUR SUBSIDIZED HOUSING SERVICES PROVIDE INCOME-BASED RENTALS THAT ARE COMFORTABLE, AFFORDABLE, AND LOCATED IN A SAFE NEIGHBORHOOD. HOUSING IS OFFERED TO LOW AND MODERATE INCOME ADULTS AND FAMILIES, ACCORDING TO HUD INCOME GUIDELINES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $231,080
Investment Income $-1,348,199
Other Revenue $2,612
TOTAL REVENUE $-1,114,507

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $209,709
Other Expenses $232,955
TOTAL EXPENSES $232,955

Year-over-Year Comparison

2018 2017 Change
Revenue $-1,114,507 $1,260,805 -1.9%
Expenses $232,955 $982,207 -0.8%
Net Income $-1,347,462 $278,598 -5.8%
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
4
Independent Members
N/A
Employees
N/A
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
5
$1,098,705
Total Directors
5
$1,098,705
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP W WEAVER PRESIDENT 0.30
Officer Director
$0 $32,601 $457,500
RICHARD FABBRINI FORMER TREASURER 0.30
Officer Director
$0 $12,516 $200,006
TIMOTHY BECKER VICE PRESIDENT 0.30
Officer Director
$0 $18,539 $190,342
CHRISTOPHER STEMLER SECRETARY 0.30
Officer Director
$0 $8,766 $168,503
LARRY JONGEKRIJG TREASURER 0.30
Officer Director
$0 $2,437 $82,354
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
2019 $-1,114,507 $232,955 No data $-1,347,462
2018 $1,260,805 $982,207 $4,299,784 $278,598
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