LEE GARDENS HOUSING CORPORATION (EIN 541516042) - 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

1987

Legal Domicile

Principal Officer

PAUL BERNARD

Phone

7034860626

Tax Period

2023-01-01 to 2023-12-31

LEE GARDENS HOUSING CORPORATION, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2018. The organization ran a surplus of $1.2M, a strong 76% operating margin.

Mission

TO ASSIST IN THE OPERATIONS OF DECENT, SAFE, AFFORDABLE HOUSING FOR LOW-INCOME PERSONS.

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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 $0

Program Service Revenue $2,940,245

Investment Income $4,469

Other Revenue $0

TOTAL REVENUE $2,944,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $236,085

Fundraising Expenses $0

Program Expenses $1,385,693

Other Expenses $1,219,457

TOTAL EXPENSES $1,455,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,944,714	$2,872,714	+0.0%
Expenses	$1,455,542	$2,324,674	-0.4%
Net Income	$1,489,172	$548,040	+1.7%

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

N/A

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

$1,367,536

Total Directors

$1,367,536

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BERNARD	PRESIDENT	1.00	Officer Director	$0	$20,307	$366,911
KENNETH CRAWFORD	VICE PRESIDENT	1.00	Officer Director	$0	$8,363	$169,893
STEVE YEATMAN	TREASURER	1.00	Officer Director	$0	$33,849	$302,246
JENNIFER ENDO	SECRETARY	1.00	Officer Director	$0	$28,589	$224,063
ALAN GOLDSTEIN	VICE PRESIDENT UNTIL 9/23	1.00	Officer Director	$0	$36,348	$304,423
WALTER WEBDALE	FORMER PRESIDENT	0.00		$0	$0	$129,813

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	No data	No data	No data	No data
2023	$2,944,714	$1,455,542	$40,862,988	$1,489,172
2022	$2,872,714	$2,324,674	$40,000,237	$548,040
2021	$2,498,487	$2,196,925	$33,404,956	$301,562
2020	$1,638,037	$1,764,120	$27,590,263	$-126,083
2019	$1,633,408	$1,020,990	$27,716,346	$612,418
2018	$1,558,515	$370,133	$27,101,235	$1,188,382

LEE GARDENS HOUSING CORPORATION