EAST LAKE HOUSING CORPORATION (EIN 582248791) - 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

1996

Legal Domicile

Principal Officer

MEISHA WHITE

Phone

4042334339

Tax Period

2023-01-01 to 2023-12-31

EAST LAKE HOUSING CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $380K in total revenue in fiscal year 2023. The organization ran a surplus of $303K, a strong 80% operating margin.

Mission

REVITALIZE ATLANTA'S LOW-INCOME EAST LAKE COMMUNITY.

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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 $0

Program Service Revenue $0

Investment Income $214,327

Other Revenue $165,476

TOTAL REVENUE $379,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,419

Other Expenses $76,419

TOTAL EXPENSES $76,419

Year-over-Year Comparison

	2023	2022	Change
Revenue	$379,803	$361,633	+0.1%
Expenses	$76,419	$85,210	-0.1%
Net Income	$303,384	$276,423	+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

N/A

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

$417,283

Total Directors

$295,997

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN GIORNELLI	DIRECTOR	0.00	Director	$0	$0	$0
SAM MOSS	PRESIDENT	1.00	Officer Director	$0	$0	$72,000
CAROL NAUGHTON	DIRECTOR	0.00	Director	$0	$0	$0
RICK BENT	DIRECTOR	0.00	Director	$0	$0	$0
ILLHAM ASKIA	DIRECTOR	1.00	Director	$0	$8,727	$223,997
MEISHA WHITE	TREASURER	1.00	Officer	$0	$28,903	$156,361
CATHERINE WOODLING	SECRETARY	1.00	Officer	$0	$16,838	$188,922

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	$379,803	$76,419	$15,963,397	$303,384
2022	$361,633	$85,210	$15,660,013	$276,423
2021	$454,495	$75,956	$15,383,590	$378,539
2020	$19,857,174	$134,851	$15,005,051	$19,722,323
2019	$1,730,808	$3,197,814	$9,589,825	$-1,467,006
2018	$561,359	$74,262	$12,056,540	$487,097

EAST LAKE HOUSING CORPORATION