LINCOLN AVENUE APARTMENTS INC

EIN: 680333527 501(c)(3) Housing & Shelter

SAN RAFAEL, CA

Total Revenue
$235,689
Total Expenses
$271,515
Total Assets
$828,812
Net Assets
$-168,235
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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
1993
Legal Domicile
CA
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

Program Service Accomplishments

Program 1
Expenses: $255,652 Revenue: $72,585

THE CORPORATION OPERATES A SEVEN UNIT LOW-INCOME APARTMENT COMPLEX IN SAN RAFAEL, CALIFORNIA FOR DEVELOPMENTALLY DISABLED ADULTS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT. THE PROJECT IS...

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THE CORPORATION OPERATES A SEVEN UNIT LOW-INCOME APARTMENT COMPLEX IN SAN RAFAEL, CALIFORNIA FOR DEVELOPMENTALLY DISABLED ADULTS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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%)

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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
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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

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Governance

Voting Members
3
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
3
$1,415,836
Total Directors
3
$1,415,836
Key Employees
0
$0
Highest Compensated
0
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
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