LEE COUNTY HOUSING DEVELOPMENT CORPORATION (EIN 650295038) - 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

1991

Legal Domicile

Principal Officer

AHMAD R KAREH

Phone

2392755105

Tax Period

2023-10-01 to 2024-09-30

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.

Mission

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.

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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 $4,365,019

Program Service Revenue $49,853

Investment Income $204

Other Revenue $0

TOTAL REVENUE $4,415,076

Expense Breakdown

Grants Paid $458,103

Salaries & Benefits $111,687

Fundraising Expenses $51,326

Program Expenses $3,755,701

Other Expenses $3,320,067

TOTAL EXPENSES $3,889,857

Year-over-Year Comparison

	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%

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

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

$124,770

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

LEE COUNTY HOUSING DEVELOPMENT CORPORATION