LIGHTHOUSE HOUSING FOUNDATION INC

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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

2008

Legal Domicile

Principal Officer

BRUCE HAUPERT

Phone

3195412426

Tax Period

2023-01-01 to 2023-12-31

LIGHTHOUSE HOUSING FOUNDATION INC, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Expenses of $2.8M left a modest 5% surplus.

Mission

LIGHTHOUSE PROVIDES DECENT, SAFE, CLEAN HOUSING FOR RENT AT AN AFFORDABLE RATE TO LOW TO MODERATE INCOME INDIVIDUALS, INCLUDING FAMILIES, ELDERLY AND THE HANDICAPPED, AS APPROPRIATE.

Program Service Accomplishments

Program 1

Expenses: $2,778,125 Revenue: $2,927,640

LIGHTHOUSE DEVELOPS, ACQUIRES, REHABILITATES, OWNS AND OPERATES AFFORDABLE HOUSING RENTAL UNITS INTENDED TO BE RENTED TO INDIVIDUALS AND FAMILIES WITH LOW AND VERY-LOW INCOMES.THE HOUSING UNITS ARE OCCUPIED BY RESIDENTS THAT QUALIFY AS LOW INCOME AND VERY-LOW INCOME INDIVIDUALS AND FAMILIES AS DEFINED BY THE INCOME LIMITS ESTABLISHED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,927,640

Investment Income $2,270

Other Revenue $0

TOTAL REVENUE $2,929,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,850

Fundraising Expenses $0

Program Expenses $2,778,125

Other Expenses $2,302,275

TOTAL EXPENSES $2,778,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,929,910	$2,750,321	+0.1%
Expenses	$2,778,125	$2,897,869	0.0%
Net Income	$151,785	$-147,548	-2.0%

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
BRUCE HAUPERT	DIRECTOR	1.00	Director	$0	$0	$0
TRACY GLAESEMANN FALCOMATA	DIRECTOR	1.00	Director	$0	$0	$0
MARY DOYLE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$2,929,910	$2,778,125	$8,360,434	$151,785
2022	$2,750,321	$2,897,869	$8,514,298	$-147,548
2021	$2,553,879	$2,748,355	$8,876,909	$-194,476
2020	$2,536,512	$2,688,206	$9,441,606	$-151,694
2019	$2,427,415	$2,802,523	$9,745,220	$-375,108
2018	$3,141,564	$3,335,374	$11,259,528	$-193,810