LUMBER RIVER HOUSING DEVELOPMENT I… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

REV JERRY STEPHENS

Phone

9108147338

Tax Period

2023-10-01 to 2024-09-30

LUMBER RIVER HOUSING DEVELOPMENT INCORPORATED, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $809K in total revenue in fiscal year 2023. Expenses of $701K left a modest 13% surplus.

Mission

PROVIDE HOUSING TO QUALIFIED LOW TO MODERATE INCOME FAMILIES UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.

Program Service Accomplishments

Program 1

Expenses: $481,643 Revenue: $237,757

PROVIDE HOUSING TO QUALIFIED LOW TO MODERATE INCOME FAMILIES UNDER PROGRAMS SUPERVISED AND SUBSIDIZED BY HUD.

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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 $571,084

Program Service Revenue $237,147

Investment Income $325

Other Revenue $610

TOTAL REVENUE $809,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,349

Fundraising Expenses $0

Program Expenses $481,643

Other Expenses $531,048

TOTAL EXPENSES $701,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$809,166	$809,496	0.0%
Expenses	$701,397	$654,613	+0.1%
Net Income	$107,769	$154,883	-0.3%

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

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
REV JERRY STEPHENS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR THOMAS JONES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV TYRONE WATSON	CHAPLAIN	1.00	Officer Director	$0	$0	$0
REV JEROME BILLUPS	MODERATOR	1.00	Officer Director	$0	$0	$0
REV SAMMY L SHROPSHIRE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
MIN RENEE B GUINYARD	DIRECTOR	1.00	Director	$0	$0	$0
REV VISTA JONES	DIRECTOR	1.00	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	$809,166	$701,397	$1,178,667	$107,769
2023	$809,496	$654,613	$1,082,450	$154,883
2022	$719,259	$729,426	$965,652	$-10,167
2021	$763,647	$731,646	$950,525	$32,001
2020	$735,313	$689,067	$926,437	$46,246
2019	$711,330	$801,813	$914,495	$-90,483
2018	$714,336	$723,409	$1,010,667	$-9,073

LUMBER RIVER HOUSING DEVELOPMENT INCORPORATED