LESPMHA HOUSING DEVELOPMENT FUND CORPORATION (EIN 455567885) - 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

2012

Legal Domicile

Principal Officer

HERMAN HEWITT

Tax Period

2023-01-01 to 2023-12-31

LESPMHA HOUSING DEVELOPMENT FUND CORPORATION, founded in 2012, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $3.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVISION OF LOW AND MODERATE INCOME HOUSING

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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 $2,763,532

Investment Income $211,207

Other Revenue $0

TOTAL REVENUE $2,974,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,439

Fundraising Expenses $0

Program Expenses $3,441,977

Other Expenses $3,322,803

TOTAL EXPENSES $3,659,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,974,739	$2,723,188	+0.1%
Expenses	$3,659,242	$3,464,391	+0.1%
Net Income	$-684,503	$-741,203	-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

Governance

Voting Members

Independent Members

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

$102,950

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HERMAN HEWITT	PRESIDENT	N/A	Officer Director	$0	$0	$0
VERONIQUE DOUMBE	VP	N/A	Officer Director	$0	$0	$0
MAHBUB HASSAN	TREASURER	N/A	Officer Director	$0	$0	$0
BETTINA KINDERMANN	SECRETARY	N/A	Officer Director	$0	$0	$0
KIL J YI	MEMBER	N/A	Director	$0	$0	$0
THOMAS CHEN	MEMBER	N/A	Director	$0	$0	$0
YING LIN CHEN	MEMBER	N/A	Director	$0	$0	$0
LILLIAN NAZARIO	MEMBER	N/A	Director	$0	$0	$0
RONA CLEMENTE	EXECUTIVE OF	10.00	Officer	$0	$7,052	$102,950

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	$2,974,739	$3,659,242	$24,057,198	$-684,503
2022	$2,723,188	$3,464,391	$24,435,486	$-741,203
2021	$2,658,143	$3,128,210	$24,987,263	$-470,067
2020	$2,643,505	$3,280,581	$25,041,090	$-637,076
2019	$2,815,212	$3,210,246	$25,245,077	$-395,034
2018	$9,406,088	$3,914,070	$24,992,994	$5,492,018

LESPMHA HOUSING DEVELOPMENT FUND CORPORATION