LYNN HOUSING AUTHORITY DEVELOPMENT GROUP INC (EIN 542084084) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

STEPHEN MARTIN

Phone

7815818600

Tax Period

2023-01-01 to 2023-12-31

LYNN HOUSING AUTHORITY DEVELOPMENT GROUP INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $650K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring.

Mission

THE CORPORATION IS ORGANIZED TO PROVIDE CHARITABLE ASSISTANCE TO THE GENERAL PUBLIC BY PROVIDING AFFORDABLE HOUSING THROUGH THE PURCHASE, SALE, RENTING AND LEASING OF DWELLINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $641,351

Program Service Revenue $5,800

Investment Income $3,206

Other Revenue $0

TOTAL REVENUE $650,357

Expense Breakdown

Grants Paid $475,174

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $684,284

Other Expenses $218,879

TOTAL EXPENSES $694,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$650,357	$1,056,756	-0.4%
Expenses	$694,053	$985,016	-0.3%
Net Income	$-43,696	$71,740	-1.6%

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

$3,120

Total Directors

$5,040

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN MARTIN	CHAIRPERSON	1.00	Officer Director	$0	$0	$960
SUSAN MCGINNIS-LANG	TREASURER	1.00	Officer Director	$0	$0	$960
JUSTIN ANSEWITZ	DIRECTOR	1.00	Director	$0	$0	$960
ROBERT MUISE	DIRECTOR	1.00	Director	$0	$0	$960
KIARA PALOMARES	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WALSH	FORMER CHARIPERSON (RESIGNED END 2023)	1.00	Officer Director	$0	$0	$1,200

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	$650,357	$694,053	$416,452	$-43,696
2022	$1,056,756	$985,016	$450,499	$71,740
2021	$632,602	$736,334	$366,816	$-103,732
2020	$907,493	$759,358	$477,699	$148,135
2019	$555,808	$551,389	$375,468	$4,419
2018	$633,113	$630,967	$419,698	$2,146

LYNN HOUSING AUTHORITY DEVELOPMENT GROUP INC