LEE CENTRAL ENRICHED HOUSING INC C/O HEARTHWAY INC (EIN 550814215) - 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

JEFFREY MENKES

Phone

4134991630

Tax Period

2024-01-01 to 2024-12-31

LEE CENTRAL ENRICHED HOUSING INC C/O HEARTHWAY INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $514K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $714K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

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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 $0

Program Service Revenue $508,008

Investment Income $6,397

Other Revenue $0

TOTAL REVENUE $514,405

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,469

Fundraising Expenses $0

Program Expenses $602,941

Other Expenses $606,764

TOTAL EXPENSES $714,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,405	$445,509	+0.2%
Expenses	$714,233	$658,970	+0.1%
Net Income	$-199,828	$-213,461	-0.1%

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	Role	Reportable Comp	Other Comp	Total
JEFFREY MENKES	PRESIDENT	Officer Director	$0	$0	$0
BRUCE BERNSTEIN	VICE PRESIDENT	Officer Director	$0	$0	$0
GEORGETTE KINNEY	TREASURER	Officer Director	$0	$0	$0
JACOB DABROWSKI	BOARD MEMBER (THROUGH OCTOBER 2024)	Director	$0	$0	$0
RANDY BURDICK	BOARD MEMBER (THROUGH MARCH 2024)	Director	$0	$0	$0
CHRISTOPHER MCLAUGHLIN	NON-VOTING MEMBER	Director	$0	$0	$0
MARK KIM	NON-VOTING MEMBER	Director	$0	$0	$0
PATRICIA CARLINO	BOARD MEMBER	Director	$0	$0	$0
RHONA HETSRONY	BOARD MEMBER	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	$514,405	$714,233	$3,054,630	$-199,828
2023	$445,509	$658,970	$3,217,043	$-213,461
2022	$533,441	$612,197	$3,433,980	$-78,756
2021	$436,119	$623,069	$3,508,671	$-186,950
2020	$436,417	$630,747	$3,695,918	$-194,330
2019	$409,424	$603,428	$3,876,013	$-194,004
2018	$407,786	$587,212	$4,072,829	$-179,426

LEE CENTRAL ENRICHED HOUSING INC C/O HEARTHWAY INC