LAKEVIEW VILLAGE PHASE II INC

EIN: 450464609 501(c)(3) Housing & Shelter

SPEEDWAY, IN

Total Revenue
$159,495
Total Expenses
$209,953
Total Assets
$952,323
Net Assets
$927,637
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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
2003
Legal Domicile
IN
Principal Officer
TIMOTHY PAINO
Phone
3172245223
Tax Period
2024-05-01 to 2025-04-30

LAKEVIEW VILLAGE PHASE II INC, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $159K in total revenue in fiscal year 2024. Expenses of $210K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE HOUSING TO LOW/VERY LOW INCOME INDIVIDUALS UNDER FEDERAL PROGRAMS.

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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 $155,655
Investment Income $976
Other Revenue $2,864
TOTAL REVENUE $159,495

Expense Breakdown

Grants Paid $0
Salaries & Benefits $30,581
Fundraising Expenses $0
Program Expenses $209,953
Other Expenses $179,372
TOTAL EXPENSES $209,953

Year-over-Year Comparison

2024 2023 Change
Revenue $159,495 $158,470 +0.0%
Expenses $209,953 $211,893 0.0%
Net Income $-50,458 $-53,423 -0.1%
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
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIMOTHY D PAINO PRESIDENT 0.00
Officer Director
$0 $0 $0
DWAYNE SHAW DIRECTOR 0.00
Director
$0 $0 $0
LARRY WHITE SECRETARY/TREASURER 0.00
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
2025 $159,495 $209,953 $952,323 $-50,458
2024 $158,470 $211,893 $1,003,222 $-53,423
2023 $157,351 $214,766 $1,060,949 $-57,415
2022 $140,891 $185,085 $1,117,299 $-44,194
2021 $144,476 $179,864 $1,147,064 $-35,388
2020 $138,794 $187,820 $1,186,549 $-49,026
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