R-LCOA HOUSING DEVELOPMENT CORP INC (EIN 581396693) - 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

1980

Legal Domicile

Principal Officer

HARRISON C JOSEPH

Phone

8035453767

Tax Period

2024-01-01 to 2024-12-31

R-LCOA HOUSING DEVELOPMENT CORP INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $718K in total revenue in fiscal year 2024. The organization ran a surplus of $129K, a strong 18% operating margin.

Mission

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 $471,317

Program Service Revenue $237,570

Investment Income $6,646

Other Revenue $2,859

TOTAL REVENUE $718,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,872

Fundraising Expenses $0

Program Expenses $392,440

Other Expenses $434,000

TOTAL EXPENSES $589,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$718,392	$688,502	+0.0%
Expenses	$589,872	$480,330	+0.2%
Net Income	$128,520	$208,172	-0.4%

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

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
TALESHIA STEWART	CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN K WERNER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
JAMES LANPHER	DIRECTOR	1.00	Director	$0	$0	$0
BRITTANI RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN KIRKWOOD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHI J SNIPES	DIRECTOR	1.00	Director	$0	$0	$0
MILES T HANLEY	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA ENGLISH	DIRECTOR	1.00	Director	$0	$0	$0
VANZELL HAIRE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF PALEN	ASS'T CITY M	1.00	Director	$0	$0	$0
HARRISON C JOSEPH	EXECUTIVE DI	8.00	Officer Director	$0	$0	$0
MINNIE WILSON-BIVINS	ADVISORY MEM	1.00	Director	$0	$0	$0
KATRINA HART LORICK	ADVISORY MEM	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	$718,392	$589,872	$1,856,503	$128,520
2023	$688,502	$480,330	$1,850,422	$208,172
2022	$660,209	$699,065	$1,710,356	$-38,856
2021	$638,566	$553,961	$1,687,083	$84,605
2020	$593,746	$479,469	$1,595,799	$114,277
2019	$628,315	$525,990	$1,528,793	$102,325
2018	$605,682	$556,481	$1,536,289	$49,201

R-LCOA HOUSING DEVELOPMENT CORP INC