LAKELAND-POLK HOUSING CORPORATION (EIN 593425999) - 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

2006

Legal Domicile

Principal Officer

BENJAMIN STEVENSON

Phone

8636872911

Tax Period

2024-01-01 to 2024-12-31

LAKELAND-POLK HOUSING CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $228K in total revenue in fiscal year 2024. Revenue surged 4717% from the prior year, signaling strong growth momentum. Expenses of $704K exceeded revenue, resulting in a 209% operating deficit.

Mission

PROVIDING AND DEVELOPING AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE INCOME PERSONS AND/OR FAMILIES PRIMARILY LOCATED IN, BUT NOT LIMITED TO LAKELAND FL AND THE SURROUNDING AREAS..

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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 $223,119

Investment Income $5,071

Other Revenue $0

TOTAL REVENUE $228,190

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,053

Fundraising Expenses $0

Program Expenses $704,303

Other Expenses $618,250

TOTAL EXPENSES $704,303

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,190	$4,737	+47.2%
Expenses	$704,303	$715,617	0.0%
Net Income	$-476,113	$-710,880	-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

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
MICHAEL PIMENTEL	CHAIRPERSON	1.00	Officer	$0	$0	$0
EDDIE HALL	DIRECTORS	1.00	Officer	$0	$0	$0
LARRY MITCHEL	DIRECTORS	1.00	Officer	$0	$0	$0
BENJAMIN STEVENSON	SECRETARY	1.00	Officer	$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	$228,190	$704,303	$8,618,843	$-476,113
2023	$4,737	$715,617	$8,936,371	$-710,880
2022	$231,965	$148,180	$9,647,251	$83,785
2021	$349,059	$86,372	$9,568,514	$262,687

LAKELAND-POLK HOUSING CORPORATION