LAGEHO COMMUNITY DEVELOPMENT NETWO… - Form 990 Financial Data

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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

2004

Legal Domicile

Phone

9547709071

Tax Period

2024-01-01 to 2024-12-31

LAGEHO COMMUNITY DEVELOPMENT NETWORK INC, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

Investir in the less fortunate to empower them to take ownership of their communities and to enhance their quality of life. We lead positive social, economic and cultural change through information, advocacy and service.

Program Service Accomplishments

Program 1

FREE TAX PREPARATION PROGRAM FOR LOW INCOME IN PARTNERSHIP WITH THE IRS (VITA)

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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 $1,016,951

Program Service Revenue $2,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,018,951

Expense Breakdown

Grants Paid $1,000,002

Salaries & Benefits $2,658

Fundraising Expenses $0

Other Expenses $12,291

TOTAL EXPENSES $1,014,951

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,018,951	$1,095,460	-0.1%
Expenses	$1,014,951	$1,096,880	-0.1%
Net Income	$4,000	$-1,420	-3.8%

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

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
JEAN ROBERT ARMAND	PRESIDENT	0		$0	$0	$0
LUNA GARCON	OPERATIONS DIRECTOR	0		$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	$1,018,951	$1,014,951	$113,942	$4,000
2023	$1,095,460	$1,096,880	$132,412	$-1,420
2022	$1,034,291	$1,047,865	$295,586	$-13,574
2021	$1,074,446	$1,036,224	$309,160	$38,222
2020	$878,684	$848,518	$102,430	$30,166

LAGEHO COMMUNITY DEVELOPMENT NETWORK INC