EAST LAKE COMMUNITY DEVELOPMENT INC

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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

1983

Legal Domicile

Principal Officer

ERIC LIPP

Phone

2056395090

Tax Period

2024-07-01 to 2025-06-30

EAST LAKE COMMUNITY DEVELOPMENT INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 44% operating margin.

Mission

EAST LAKE COMMUNITY DEVELOPMENT, INC. PROVIDES LOW INCOME HOUSING TO THE COMMUNITY VIA INVESTMENTS IN VARIOUS APARTMENT COMPLEXES.

Program Service Accomplishments

Program 1

Expenses: $2,083,849 Revenue: $3,717,969

EAST LAKE COMMUNITY DEVELOPMENT, INC. PROVIDES LOW INCOME HOUSING TO THE COMMUNITY VIA INVESTMENTS IN VARIOUS APARTMENT COMPLEXES.

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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 $3,704,870

Investment Income $13,099

Other Revenue $0

TOTAL REVENUE $3,717,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,083,849

Other Expenses $2,083,849

TOTAL EXPENSES $2,083,849

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,717,969	$1,949,027	+0.9%
Expenses	$2,083,849	$1,890,545	+0.1%
Net Income	$1,634,120	$58,482	+26.9%

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
JESSICA ZORN	TREASURER	0.00	Director	$0	$0	$0
YOUVINZA PRICE	SECRETARY	0.00	Director	$0	$0	$0
NIKESHIA BAILEY	DIRECTOR	0.00	Director	$0	$0	$0
DEBORAH ABBOTT	DIRECTOR	0.00	Director	$0	$0	$0
ERIC LIPP	EXECUTIVE DIRECTOR	30.00	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
2025	$3,717,969	$2,083,849	$11,697,578	$1,634,120
2024	$1,949,027	$1,890,545	$10,174,483	$58,482
2023	$2,087,889	$1,781,532	$10,244,420	$306,357
2022	$2,005,589	$1,489,646	$10,029,573	$515,943
2021	$773,646	$741,192	$8,615,377	$32,454
2020	$19,082	$310,761	$256,937	$-291,679
2019	$327,946	$200,564	$548,616	$127,382