LUCAS HOUSING SERVICES CORPORATION

EIN: 463415835 501(c)(3) Housing & Shelter

TOLEDO, OH

Total Revenue
$2,039,132
Total Expenses
$2,081,074
Total Assets
$3,409,391
Net Assets
$2,777,603
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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
OH
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.

Program Service Accomplishments

Program 1
Expenses: $1,978,381 Revenue: $1,152,122

WE CREATE QUALITY HOUSING OPPORTUNITIES AND BUILD COMMUNITIES THROUGH COLLABORATIVE PARTNERSHIPS. WHILE STIMULATING ECONOMIC GROWTH, WE EMPOWER INDIVIDUALS AND DEVELOP THE NEIGHBORHOODS OF TOMORROW...

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WE CREATE QUALITY HOUSING OPPORTUNITIES AND BUILD COMMUNITIES THROUGH COLLABORATIVE PARTNERSHIPS. WHILE STIMULATING ECONOMIC GROWTH, WE EMPOWER INDIVIDUALS AND DEVELOP THE NEIGHBORHOODS OF TOMORROW FOR THE PEOPLE OF TODAY.

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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 (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

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Governance

Voting Members
5
Independent Members
4
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
1
$263,683
Total Directors
5
$263,683
Key Employees
0
$0
Highest Compensated
0
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
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