LORETTA VILLAGE HOUSING II 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

2004

Legal Domicile

Principal Officer

DR TYRONE CHASE

Phone

4107491142

Tax Period

2024-07-01 to 2025-06-30

LORETTA VILLAGE HOUSING II INC, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $76K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $110K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING AND ASSISTANCE TO THE ELDERLY OF THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $77,541 Revenue: $32,206

TO PROVIDE LOW COST HOUSING AND ASSISTANCE TO THE ELDERLY OF THE COMMUNITY

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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 $43,844

Program Service Revenue $29,093

Investment Income $1,036

Other Revenue $2,077

TOTAL REVENUE $76,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,781

Fundraising Expenses $0

Program Expenses $77,541

Other Expenses $85,530

TOTAL EXPENSES $110,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,050	$80,194	-0.1%
Expenses	$110,311	$107,696	+0.0%
Net Income	$-34,261	$-27,502	+0.2%

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

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

$177,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDDY L MITCHELL	BOARD MEMBER	0.00	Director	$0	$0	$0
MCKINLEY TULL	VICE CHAIR	0.00	Officer Director	$0	$0	$0
WILLIAM BARCLAY	BOARD MEMBER	0.00	Director	$0	$0	$0
CRAIG MATHIES	CHAIR	0.00	Officer Director	$0	$0	$0
KEITH DAVIDSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ELMIRA BROWN	TREASURER	0.00	Officer Director	$0	$0	$0
DR TYRONE CHASE	EXECUTIVE DIRECTOR	2.00	Officer	$0	$11,603	$177,123

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	$76,050	$110,311	$325,711	$-34,261
2024	No data	No data	No data	No data
2023	$75,094	$113,966	$386,385	$-38,872
2022	$73,327	$96,024	$388,787	$-22,697
2021	$70,507	$95,488	$407,701	$-24,981
2020	$69,430	$85,865	$425,618	$-16,435
2019	$69,340	$79,902	$451,388	$-10,562