LAKEVIEW APARTMENTS II INC (EIN 460741253) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

DAVID LANGE

Phone

8702398084

Tax Period

2023-01-01 to 2023-12-31

LAKEVIEW APARTMENTS II INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $56K in total revenue in fiscal year 2018. Expenses of $68K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ENTITY OPERATES A LOW INCOME HOUSING COMPLEX FOR ELDERLY INDIVIDUALS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $18,665

Program Service Revenue $31,626

Investment Income $385

Other Revenue $0

TOTAL REVENUE $50,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,224

Fundraising Expenses $0

Program Expenses $80,974

Other Expenses $68,750

TOTAL EXPENSES $80,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,676	$60,810	-0.2%
Expenses	$80,974	$72,058	+0.1%
Net Income	$-30,298	$-11,248	+1.7%

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

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

$7,179

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LANGE	EXECUTIVE DI	5.00	Officer	$3,949	$0	$3,949
POLLY FISK	ASSISTANT DI	5.00	Officer	$3,230	$0	$3,230
GLEN BURNETT	CHAIRMAN	N/A	Director	$0	$0	$0
NEELEY CAMP	BOARD MEMBER	N/A	Director	$0	$0	$0
KAREN COOPER	BOARD MEMBER	N/A	Director	$0	$0	$0
DEBBIE CROSS	VICE CHAIRMA	N/A	Director	$0	$0	$0
BILL MCCARTNEY	SEC/TREASURE	N/A	Director	$0	$0	$0
JR RISEN	BOARD MEMBER	N/A	Director	$0	$0	$0
ANDREA WILLIAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
JIMMY WILSON	BOARD MEMBER	N/A	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	$50,676	$80,974	$1,128,474	$-30,298
2022	$60,810	$72,058	$1,160,361	$-11,248
2021	$58,644	$77,826	$1,170,628	$-19,182
2020	$59,209	$67,453	$1,191,208	$-8,244
2019	$55,285	$72,087	$1,202,521	$-16,802
2018	$56,234	$68,486	$1,218,354	$-12,252

LAKEVIEW APARTMENTS II INC