Lakewood Housing Inc (EIN 562128975) - 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

1999

Legal Domicile

Principal Officer

DON G WELLONS

Phone

9108920436

Tax Period

2025-01-01 to 2025-12-31

Lakewood Housing Inc, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $174K in total revenue in fiscal year 2025.

Mission

REDUCED RENT HOUSING FOR 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $174,165

Investment Income $133

Other Revenue $0

TOTAL REVENUE $174,298

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,984

Fundraising Expenses $0

Program Expenses $141,129

Other Expenses $152,490

TOTAL EXPENSES $189,474

Year-over-Year Comparison

	2025	2024	Change
Revenue	$174,298	$173,805	+0.0%
Expenses	$189,474	$237,565	-0.2%
Net Income	$-15,176	$-63,760	-0.8%

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
Don G Wellons	President/Director	2.00	Director	$0	$0	$0
Lauren W White	Vice President/Director	2.00	Director	$0	$0	$0
Kathy H Kennedy	Secretary/Treasurer	2.00	Director	$0	$0	$0
Leigh Anna W Thompson	Asst Secretary/Director	2.00	Director	$0	$0	$0
Sylvia W Craft	Director	2.00	Director	$0	$0	$0
Gene T Jernigan	Director	2.00	Director	$0	$0	$0
Andrea C Howard	Director	2.00	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
2025	$174,298	$189,474	$867,450	$-15,176
2024	$173,805	$237,565	$852,256	$-63,760
2023	$165,923	$180,246	$904,647	$-14,323
2022	$160,929	$163,512	$919,359	$-2,583
2021	$154,454	$167,760	$919,812	$-13,306
2020	$150,189	$155,368	$933,106	$-5,179
2019	$143,110	$168,014	$944,700	$-24,904
2018	$133,415	$151,588	$966,463	$-18,173

Lakewood Housing Inc