LINCOLN AVENUE APARTMENTS INC (EIN 680333527) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

LAURA HALL

Phone

4152581800

Tax Period

2024-10-01 to 2025-09-30

LINCOLN AVENUE APARTMENTS INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $236K in total revenue in fiscal year 2024. Expenses of $272K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR DISABLED PERSONS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $162,998

Program Service Revenue $72,585

Investment Income $106

Other Revenue $0

TOTAL REVENUE $235,689

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,924

Fundraising Expenses $0

Program Expenses $255,652

Other Expenses $206,591

TOTAL EXPENSES $271,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$235,689	$222,479	+0.1%
Expenses	$271,515	$224,299	+0.2%
Net Income	$-35,826	$-1,820	+18.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,415,836

Total Directors

$1,415,836

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA HALL	PRESIDENT	0.10	Officer Director	$0	$47,351	$673,413
WELTON JORDAN	VICE PRESIDENT	0.10	Officer Director	$0	$34,547	$492,640
KARIM SULTAN	SECRETARY/TREAS	0.10	Officer Director	$0	$21,169	$249,783

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	$235,689	$271,515	$828,812	$-35,826
2024	$222,479	$224,299	$829,280	$-1,820
2023	$195,411	$190,348	$851,340	$5,063
2022	$153,094	$219,420	$857,462	$-66,326
2021	$156,872	$196,095	$897,177	$-39,223
2020	$155,647	$236,639	$946,706	$-80,992
2019	$142,929	$166,741	$1,024,490	$-23,812
2018	$137,667	$159,423	$1,047,665	$-21,756

LINCOLN AVENUE APARTMENTS INC