Largo Landing Elderly Developments Inc (EIN 521264032) - 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

1984

Legal Domicile

Principal Officer

Dr Shontay Kincaid

Phone

3012492100

Tax Period

2023-07-01 to 2024-06-30

LARGO LANDING ELDERLY DEVELOPMENTS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2017. Expenses of $1.8M left a modest 9% surplus.

Mission

Affordable housing and services for low income seniors and those who are physically disabled.

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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 $50,433

Program Service Revenue $2,197,277

Investment Income $4,700

Other Revenue $3,851

TOTAL REVENUE $2,256,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $459,115

Fundraising Expenses $0

Program Expenses $2,187,062

Other Expenses $1,838,348

TOTAL EXPENSES $2,297,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,256,261	$2,236,512	+0.0%
Expenses	$2,297,463	$2,222,121	+0.0%
Net Income	$-41,202	$14,391	-3.9%

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

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

$230,530

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shontay Kincaid	President	0.75	Officer Director	$0	$0	$0
Allison Watts	Director	0.75	Director	$0	$0	$0
Theresa Hill	Secretary/Treasurer	0.50	Officer Director	$0	$0	$0
Lynn Thomas	Vice President	0.50	Officer Director	$0	$0	$0
Nicole Marshall	Director	0.50	Director	$0	$0	$0
John Priebe	Director	0.50	Director	$0	$0	$0
Christina Zeitz	CEO	1.00	Officer	$0	$28,953	$230,530

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	No data	No data	No data	No data
2024	$2,256,261	$2,297,463	$5,279,026	$-41,202
2023	$2,236,512	$2,222,121	$5,793,131	$14,391
2022	$2,235,033	$2,001,884	$5,570,892	$233,149
2021	$2,018,480	$1,879,417	$5,574,886	$139,063
2020	$1,987,925	$1,702,453	$5,583,512	$285,472
2019	$1,968,044	$1,784,307	$5,437,921	$183,737
2018	$1,928,167	$1,756,068	$5,429,547	$172,099

Largo Landing Elderly Developments Inc