LINC UP NONPROFIT HOUSING CORPORATION (EIN 383537915) - 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

2000

Legal Domicile

Principal Officer

LAKIYA JENKINS

Phone

6169882537

Tax Period

2024-01-01 to 2024-12-31

LINC UP NONPROFIT HOUSING CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $3.2M exceeded revenue, resulting in a 79% operating deficit.

Mission

STIMULATE COMMUNITY REVITALIZATION THROUGH PROVIDING QUALITY AFFORDABLE HOUSING IN KENT COUNTY, MICHIGAN FOR PERSONS OF LOW AND MODERATE INCOME, THROUGH OTHER HOMEOWNER ASSISTANCE, THROUGH COMMUNITY ORGANIZING, AND COMMERCIAL DEVELOPMENT.

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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 $1,162,916

Program Service Revenue $617,845

Investment Income $3,594

Other Revenue $12,056

TOTAL REVENUE $1,796,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,762,072

Fundraising Expenses $134,679

Program Expenses $2,081,550

Other Expenses $1,453,080

TOTAL EXPENSES $3,215,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,796,411	$2,178,849	-0.2%
Expenses	$3,215,152	$2,940,159	+0.1%
Net Income	$-1,418,741	$-761,310	+0.9%

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

Volunteers

336

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

$121,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER ROSEMA	CHAIR	4.00	Officer Director	$0	$0	$0
JAMEICA GARRET-THOMAS	DIRECTOR	2.00	Director	$0	$0	$0
LATASHA ROBERTSON CRUMP	DIRECTOR	2.00	Director	$0	$0	$0
SARAH HAMPTON	SECRETARY	2.00	Officer Director	$0	$0	$0
TERESA PHILLIPS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRUCE MCCOY	DIRECTOR	2.00	Director	$0	$0	$0
LAKIYA JENKINS	EXECUTIVE DIRECTOR	40.00	Officer	$121,463	$0	$121,463

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	$1,796,411	$3,215,152	$9,502,897	$-1,418,741
2023	$2,178,849	$2,940,159	$11,417,144	$-761,310
2022	$3,052,504	$2,833,181	$11,822,867	$219,323
2021	$1,506,390	$2,556,101	$10,740,022	$-1,049,711
2020	$2,663,785	$1,486,758	$12,380,486	$1,177,027
2020	$3,399,322	$2,503,532	$11,312,001	$895,790
2019	$3,631,190	$3,178,979	$10,767,034	$452,211

LINC UP NONPROFIT HOUSING CORPORATION