ANNETTA M LANE HOUSING INC (EIN 541702741) - 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

1994

Legal Domicile

Principal Officer

DIANE NEWELL

Phone

7576223969

Tax Period

2024-04-01 to 2025-03-31

ANNETTA M LANE HOUSING INC, founded in 1994, is a small nonprofit that reported $329K in total revenue in fiscal year 2018.

Mission

ANNETTA M. LANE, INC., A VIRGINIA NOT-FOR-PROFIT CORPORATION, WAS ORGANIZED TO OWN AND OPERATE A 40-UNIT APARTMENT COMMUNITY IN NORFOLK, VIRGINIA, KNOWN AS ANNETTA M. LANE, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE CORPORATION LEASES APARTMENT UNITS TO LOW-INCOME FAMILIES OR PERSONS IN THE NORMAL COURSE OF BUSINESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $234,265

Program Service Revenue $153,484

Investment Income $17,791

Other Revenue $2,603

TOTAL REVENUE $408,143

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $261,957

Other Expenses $406,839

TOTAL EXPENSES $406,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$408,143	$391,536	+0.0%
Expenses	$406,839	$363,949	+0.1%
Net Income	$1,304	$27,587	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE NEWELL	PRESIDENT	0.50	Officer Director	$0	$0	$0
DORETTA GILLIAM	CHAPLAIN	0.50	Director	$0	$0	$0
MARY ANN RAMBERT	ASSISTANT SECRETARY	0.50	Director	$0	$0	$0
MARY JANE NEWSOME	MEMBER	0.50	Director	$0	$0	$0
REGINA TAYLOR	MEMBER	0.50	Director	$0	$0	$0
CATHERINE JONES-LEWIS	MEMBER	0.50	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
2025	$408,143	$406,839	$1,036,655	$1,304
2024	$391,536	$363,949	$1,033,338	$27,587
2023	$367,670	$369,163	$1,031,283	$-1,493
2022	$359,241	$391,412	$1,015,256	$-32,171
2021	$371,486	$365,425	$1,054,654	$6,061
2020	$340,122	$362,655	$1,039,589	$-22,533
2019	$329,445	$347,970	$1,054,445	$-18,525

ANNETTA M LANE HOUSING INC