LUCAS HOUSING SERVICES CORPORATION (EIN 463415835) - 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

2013

Legal Domicile

Principal Officer

SHIMEAKO COLE

Phone

4193924042

Tax Period

2023-01-01 to 2023-12-31

LUCAS HOUSING SERVICES CORPORATION, founded in 2013, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 126% from the prior year, signaling strong growth momentum.

Mission

TO HELP LIFT THE ECONOMIC STATUS OF THE COMMUNITY AND ATTRACT WEALTH TO A BLIGHTED LOW-INCOME CENSUS TRACT.

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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 $887,010

Program Service Revenue $352,773

Investment Income $748,156

Other Revenue $51,193

TOTAL REVENUE $2,039,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $149,996

Fundraising Expenses $0

Program Expenses $1,978,381

Other Expenses $1,931,078

TOTAL EXPENSES $2,081,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,039,132	$901,252	+1.3%
Expenses	$2,081,074	$1,589,307	+0.3%
Net Income	$-41,942	$-688,055	-0.9%

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

$263,683

Total Directors

$263,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAQUIN CINTRON VEGA	PRESIDENT	1.00	Officer Director	$0	$55,286	$263,683
JERRY L BOOSE	TRUSTEE	1.00	Director	$0	$0	$0
ALISHA GANT	TRUSTEE	1.00	Director	$0	$0	$0
ROCHELLE PURDUE	TRUSTEE	1.00	Director	$0	$0	$0
EUNICE GLOVER	TRUSTEE	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	$2,039,132	$2,081,074	$3,409,391	$-41,942
2022	$901,252	$1,589,307	$2,805,827	$-688,055
2021	$593,606	$911,856	$3,718,850	$-318,250
2020	$1,060,374	$827,066	$3,749,691	$233,308
2019	$507,467	$857,293	$3,254,810	$-349,826
2018	$146,553	$215,501	$2,631,699	$-68,948

LUCAS HOUSING SERVICES CORPORATION