LSS HOUSING CENTER STREET INC

EIN: 391927384 501(c)(3) Housing & Shelter

WEST ALLIS, WI

Total Revenue
$89,500
Total Expenses
$135,979
Total Assets
$517,008
Net Assets
$453,387
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
WI
Principal Officer
HECTOR COLON
Phone
4142462300
Tax Period
2024-01-01 to 2024-12-31

LSS HOUSING CENTER STREET INC, founded in 2000, is a micro nonprofit in the Housing & Shelter sector that reported $90K in total revenue in fiscal year 2024. Expenses of $136K exceeded revenue, resulting in a 52% operating deficit.

Mission

ACT COMPASSIONATELY. SERVE HUMBLY. LEAD COURAGEOUSLY.

Program Service Accomplishments

Program 1
Expenses: $127,573 Revenue: $89,471

LSS HOUSING, CENTER, INC (CENTER STREET) IS A SERVICE CORPORATION FOR THE PURPOSE OF PROVIDING PREMIER LOW-INCOME HOUSING FACILITIES AND SERVICES FOR OUR TENANTS. CENTER STREET OFFERS 6 UNITS OF...

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LSS HOUSING, CENTER, INC (CENTER STREET) IS A SERVICE CORPORATION FOR THE PURPOSE OF PROVIDING PREMIER LOW-INCOME HOUSING FACILITIES AND SERVICES FOR OUR TENANTS. CENTER STREET OFFERS 6 UNITS OF SUBSIDIZED HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS IN COOPERATION WITH THE US DEPT OF HOUSING & URBAN DEVELOPMENT. CENTER STREET IS MANAGED BY LUTHERAN SOCIAL SERVICES OF WISCONSIN AND UPPER MICHIGAN WHOSE MISSION IS "ACT COMPASSIONATELY. SERVE HUMBLY. LEAD COURAGEOUSLY." SOME OF THE PROPERTY'S AMENITIES INCLUDE AN ON-SITE MANAGER, COMMUNITY ROOM, ON-SITE LAUNDRY FACILITIES, WELL MAINTAINED LANDSCAPING WITH OUTDOOR SEATING AREA, PETS ALLOWED, SECURE BUILDING, CABLE HOOKUP AND FURNISHED REFRIGERATORS AND RANGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $89,108
Investment Income $29
Other Revenue $363
TOTAL REVENUE $89,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,083
Fundraising Expenses $0
Program Expenses $127,573
Other Expenses $106,896
TOTAL EXPENSES $135,979

Year-over-Year Comparison

2024 2023 Change
Revenue $89,500 $85,180 +0.1%
Expenses $135,979 $109,308 +0.2%
Net Income $-46,479 $-24,128 +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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
6
Employees
N/A
Volunteers
10

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
10
$1,432,370
Total Directors
10
$1,432,370
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HECTOR COLON PRESIDENT 1.00
Officer Director
$0 $40,683 $550,190
JOSEPH ARZBECKER VP/ASST SECRETARY 1.00
Officer Director
$0 $27,399 $349,981
RANDY OLESZAK VP/ASST TREASURER 1.00
Officer Director
$0 $26,147 $342,798
DENNIS HANSON VP/ASST SECRETARY 1.00
Officer Director
$0 $14,152 $189,401
JOSE OLIVIERI PAST CHAIR 1.00
Officer Director
$0 $0 $0
ERIC LORENZ CHAIR 1.00
Officer Director
$0 $0 $0
KATIE BAARDSETH VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOEL TREFFERT SECOND VICE CHAIR 1.00
Officer Director
$0 $0 $0
MIKE GROTH TREASURER 1.00
Officer Director
$0 $0 $0
FRANKLIN CUMBERBATCH 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 $89,500 $135,979 $517,008 $-46,479
2023 $85,180 $109,308 $512,469 $-24,128
2022 $89,035 $98,208 $531,141 $-9,173
2021 $84,403 $92,248 $543,359 $-7,845
2020 $89,409 $95,694 $561,135 $-6,285
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