FORT MYERS, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LEE COUNTY HOUSING DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2023. Revenue surged 298% from the prior year, signaling strong growth momentum. Expenses of $3.9M left a modest 12% surplus.
ORGANIZATION WAS FORMED TO PROVIDE LOW INCOME FAMILIES OF LEE COUNTY FLORIDA WITH AFFORDABLE HOUSING BY CONSTRUCTING AND PROVIDING NEEDED RESOURCES TO SUCH INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD SUCH HOUSING FOR THEMSELVES OR THEIR FAMILIES.
RENTAL ASSISTANCE PROGRAM: THROUGHOUT THE YEAR, OUR RENTAL ASSISTANCE PROGRAM HAS BEEN A BEACON OF HOPE FOR NUMEROUS FAMILIES FACING HOUSING INSECURITY. WE PROVIDED VITAL SUPPORT TO OVER 156...
RENTAL ASSISTANCE PROGRAM: THROUGHOUT THE YEAR, OUR RENTAL ASSISTANCE PROGRAM HAS BEEN A BEACON OF HOPE FOR NUMEROUS FAMILIES FACING HOUSING INSECURITY. WE PROVIDED VITAL SUPPORT TO OVER 156 FAMILIES, OFFERING VARIOUS FORMS OF ASSISTANCE TAILORED TO THEIR NEEDS. FROM RENTAL SUBSIDIES TO DIRECT FINANCIAL AID, WE ENSURED THAT EVERY INDIVIDUAL HAD ACCESS TO SAFE AND STABLE HOUSING. THE IMPACT OF THIS ASSISTANCE HAS BEEN PROFOUND, WITH MANY FAMILIES EXPERIENCING NEWFOUND STABILITY AND SECURITY IN THEIR HOMES.
REHABILITATION PROGRAM: OUR COMMITMENT TO REVITALIZING NEIGHBORHOODS AND PRESERVING AFFORDABLE HOUSING STOCK HAS BEEN EVIDENT IN OUR REHABILITATION EFFORTS. OVER THE PAST YEAR, WE EMBARKED ON A...
REHABILITATION PROGRAM: OUR COMMITMENT TO REVITALIZING NEIGHBORHOODS AND PRESERVING AFFORDABLE HOUSING STOCK HAS BEEN EVIDENT IN OUR REHABILITATION EFFORTS. OVER THE PAST YEAR, WE EMBARKED ON A JOURNEY TO TRANSFORM PROPERTIES, UNDERTAKING EXTENSIVE REPAIRS AND RENOVATIONS TO ENHANCE SAFETY, ACCESSIBILITY, AND OVERALL QUALITY. THESE EFFORTS NOT ONLY IMPROVED THE LIVING CONDITIONS FOR RESIDENTS BUT ALSO BREATHED NEW LIFE INTO OUR COMMUNITIES. THROUGH ADHERENCE TO STRINGENT QUALITY STANDARDS AND REGULATIONS, WE ENSURED THAT EVERY REHABILITATED PROPERTY MET OR EXCEEDED MINIMUM HOUSING STANDARDS, CONTRIBUTING TO THE LONG-TERM SUSTAINABILITY OF OUR NEIGHBORHOODS.
DOWN PAYMENT ASSISTANCE FOR HOME PURCHASE: ACHIEVING THE DREAM OF HOMEOWNERSHIP BECAME A REALITY FOR MANY INDIVIDUALS AND FAMILIES, THANKS TO OUR DOWN PAYMENT ASSISTANCE PROGRAM. WE ASSISTED...
DOWN PAYMENT ASSISTANCE FOR HOME PURCHASE: ACHIEVING THE DREAM OF HOMEOWNERSHIP BECAME A REALITY FOR MANY INDIVIDUALS AND FAMILIES, THANKS TO OUR DOWN PAYMENT ASSISTANCE PROGRAM. WE ASSISTED HOMEBUYERS IN OVERCOMING FINANCIAL BARRIERS TO HOMEOWNERSHIP, PROVIDING CRUCIAL SUPPORT IN THE FORM OF DOWN PAYMENT ASSISTANCE. THIS INITIATIVE NOT ONLY INCREASED HOMEOWNERSHIP RATES WITHIN OUR COMMUNITY BUT ALSO LAID THE FOUNDATION FOR LONG-TERM STABILITY AND PROSPERITY. AS MORE FAMILIES TAKE PRIDE IN HOMEOWNERSHIP, OUR COMMUNITY GROWS STRONGER AND MORE RESILIENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,415,076 | $1,109,652 | +3.0% |
| Expenses | $3,889,857 | $1,105,174 | +2.5% |
| Net Income | $525,219 | $4,478 | +116.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIKA COOKS | EXECUTIVE DI | 40.00 |
Officer
|
$100,450 | $24,320 | $124,770 |
| AHMAD R KAREH | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHNNY STREETS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STACY WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,415,076 | $3,889,857 | $1,860,616 | $525,219 |
| 2023 | $1,109,652 | $1,105,174 | $1,598,359 | $4,478 |
| 2022 | $286,343 | $525,837 | $1,053,549 | $-239,494 |
| 2021 | $752,992 | $485,155 | $1,275,879 | $267,837 |
| 2020 | $777,432 | $794,282 | $552,435 | $-16,850 |
| 2019 | $1,054,727 | $997,391 | $570,373 | $57,336 |
| 2018 | $443,895 | $495,358 | $476,904 | $-51,463 |
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