LArche Homes for Life Incorporated

EIN: 522219812 501(c)(3) Housing & Shelter

Washington, DC

Total Revenue
$380,228
Total Expenses
$371,416
Total Assets
$4,490,253
Net Assets
$2,907,819
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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
2000
Legal Domicile
DC
Tax Period
2023-10-01 to 2024-09-30

LArche Homes for Life Incorporated, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $380K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Net assets of $2.9M represent 92 months of operating reserves.

Mission

TO SUPPORT LARCHE INC. BY OWNING AND MAINTAINING REAL PROPERTY USED BY LARCHE INC. IN FURTHERANCE OF ITS EXEMPT PURPOSE WHICH INCLUDES OPERATING LICENSED COMMUNITY RESIDENTIAL FACILITIES FOR ADULTS WITH INTELLECTUAL DISABILITIES.

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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 $0
Program Service Revenue $289,656
Investment Income $90,572
Other Revenue $0
TOTAL REVENUE $380,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $270,243
Other Expenses $371,416
TOTAL EXPENSES $371,416

Year-over-Year Comparison

2023 2022 Change
Revenue $380,228 $304,405 +0.2%
Expenses $371,416 $708,516 -0.5%
Net Income $8,812 $-404,111 -1.0%
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
5
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
3
$206,084
Total Directors
3
$0
Key Employees
2
$206,084
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Luke Smith Executive Director 40.00
Officer Key Emp Highest
$0 $0 $113,262
Jitta Banya DFO 40.00
Officer Key Emp
$0 $0 $92,822
Nadine Reid Board Member 0.00
Director
$0 $0 $0
Chris Dorment Board Member 0.00
Director
$0 $0 $0
Alice Felker Board Chair 0.00
Officer 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 $380,228 $371,416 $4,490,253 $8,812
2023 $304,405 $708,516 $4,918,793 $-404,111
2022 $1,172,647 $352,864 $5,045,870 $819,783
2021 $385,186 $365,105 $4,708,148 $20,081
2020 $479,244 $372,149 $4,800,055 $107,095
2018 $470,600 $432,917 $4,935,778 $37,683
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