LEMKO HOUSING CORPORATION

EIN: 521123365

BALTIMORE, MD

Total Revenue
$1,636,462
Total Expenses
$1,486,550
Total Assets
$1,365,725
Net Assets
$-1,807,869
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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
1978
Legal Domicile
MD
Principal Officer
VIOLETTA SEDLACEK
Phone
4103427200
Tax Period
2024-10-01 to 2025-09-30

LEMKO HOUSING CORPORATION, founded in 1978, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 9% surplus.

Mission

Housing For Low Income Elderly

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,618,460
Investment Income $25
Other Revenue $17,977
TOTAL REVENUE $1,636,462

Expense Breakdown

Grants Paid $0
Salaries & Benefits $350,850
Fundraising Expenses $0
Other Expenses $1,135,700
TOTAL EXPENSES $1,486,550

Year-over-Year Comparison

2024 2023 Change
Revenue $1,636,462 $1,571,005 +0.0%
Expenses $1,486,550 $1,327,956 +0.1%
Net Income $149,912 $243,049 -0.4%
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
N/A
Independent Members
N/A
Employees
7
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANISLASV MILADINOV PRESIDENT 20
Officer Director
$0 $0 $0
JAMES RHODES SECRETARY 1
Officer Director
$0 $0 $0
ROMAN KHOMA SECRETARY 1
Officer Director
$0 $0 $0
MARK MACEK TRUSTEE 1
Director
$0 $0 $0
DARRIN BAILEY TRUSTEE 1
Director
$0 $0 $0
JAN VARGA TRUSTEE 1
Director
$0 $0 $0
MICHAEL KOKOLUS TRUSTEE 1
Director
$0 $0 $0
FRANK GORDANO TRUSTEE 1
Director
$0 $0 $0
VIOLA SEDLACEK VICE PRESIDENT 1
Officer
$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 $1,636,462 $1,486,550 $1,365,725 $149,912
2024 $1,571,005 $1,327,956 $1,480,222 $243,049
2023 $1,481,130 $1,358,739 $1,061,306 $122,391
2022 $1,439,302 $1,319,291 $1,066,433 $120,011
2021 $1,406,331 $1,380,456 $1,139,174 $25,875
2019 $1,358,719 $1,343,698 $1,089,785 $15,021
2018 $1,310,569 $1,367,509 $1,177,538 $-56,940
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