LAKESIDE PLAZA 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

1971

Legal Domicile

Principal Officer

BONNIE HOFFMAN

Tax Period

2024-09-01 to 2025-08-31

LAKESIDE PLAZA INC, founded in 1971, is a small nonprofit that reported $600K in total revenue in fiscal year 2024. Net assets of $1.2M represent 25 months of operating reserves.

Mission

PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS INCLUDING LOW AND MODERATE INCOME, LOW INCOME HOUSING COMPLEX (1OO UNIT)

Program Service Accomplishments

Program 1

Expenses: $570,531 Revenue: $600,022

THE PROJECTS SINGULAR PURPOSE IS TO PROVIDE APARTMENTS FOR QUALIFIED INDIVIDUALS TO RENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $600,022

Investment Income $356

Other Revenue $0

TOTAL REVENUE $600,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $218,709

Fundraising Expenses $0

Program Expenses $570,531

Other Expenses $386,430

TOTAL EXPENSES $605,139

Year-over-Year Comparison

	2024	2023	Change
Revenue	$600,378	N/A	N/A
Expenses	$605,139	N/A	N/A
Net Income	$-4,761	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD HITT	CHAIRMAN	0.00	Officer Director	$0	$0	$0
JODY HACK	DIRECTOR	0.00	Officer Director	$0	$0	$0
CARLYN LEMON	DIRECTOR	0.00	Officer Director	$0	$0	$0
DEBBIE HAWKINSON	CHAMBER EXECUTIVE DIRECTOR	0.00	Officer Director	$0	$0	$0
KAYLA MORITZ	DIRECTOR	0.00	Officer Director	$0	$0	$0
BONNIE HOFFMAN	EXECUTIVE DIRECTOR	40.00	Officer Key Emp	$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
2025	$600,378	$605,139	$1,331,231	$-4,761
2024	$560,793	$615,808	$1,338,210	$-55,015
2023	$570,791	$638,645	$1,401,142	$-67,854
2022	$547,705	$614,998	$1,466,360	$-67,293
2021	$542,912	$618,321	$1,522,047	$-75,409
2020	$529,467	$613,310	$1,593,532	$-83,843
2019	$530,329	$589,709	$1,661,682	$-59,380