LANCE HOUSING CORPORATION (EIN 680374003) - 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

1996

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

LANCE HOUSING CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $761K in total revenue in fiscal year 2023. Net assets of $1.7M represent 27 months of operating reserves.

Mission

LANCE HOUSING CORPORATION IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA FOR THE PURPOSE OF ACQUIRING AND OPERATING A 74-UNIT APARTMENT COMMUNITY KNOWN AS LANCE APARTMENTS LOCATED IN CARMICHAEL, CALIFORNIA.

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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 $73,581

Program Service Revenue $661,204

Investment Income $21,299

Other Revenue $4,447

TOTAL REVENUE $760,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $775,533

Other Expenses $793,335

TOTAL EXPENSES $793,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$760,531	$735,008	+0.0%
Expenses	$793,335	$780,327	+0.0%
Net Income	$-32,804	$-45,319	-0.3%

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

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

$2,468,356

Total Directors

$237,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN LEW-HAILER	DIRECTOR	1.00	Director	$0	$17,820	$237,530
JANET RUGGIERO	DIRECTOR	1.00	Director	$0	$0	$0
STAN KEASLING	CHAIR/DIRECTOR	1.00	Officer Director	$0	$0	$0
ALVIN TUVILLA	VICE PRESIDENT	1.00	Officer	$0	$11,670	$180,748
AMY BAYLEY	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
DOUG SHOEMAKER	PRESIDENT	1.00	Officer	$0	$25,195	$321,446
ED HOLDER	VICE PRESIDENT	1.00	Officer	$0	$38,385	$293,494
ERIKA VILLABLANCA	VICE PRESIDENT	1.00	Officer	$0	$28,669	$205,960
JOSEPH ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RAMIE DARE	VICE PRESIDENT	1.00	Officer	$0	$20,964	$250,355
RICK SPRAGUE	VICE PRESIDENT	1.00	Officer	$0	$14,598	$183,401
TIMOTHY DUNN	VICE PRESIDENT	1.00	Officer	$0	$33,259	$201,896
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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	No data	No data	No data	No data
2023	$760,531	$793,335	$1,916,715	$-32,804
2022	$735,008	$780,327	$2,015,819	$-45,319
2021	$691,298	$700,283	$1,935,420	$-8,985
2020	$652,853	$614,116	$1,864,714	$38,737
2019	$691,437	$623,094	$1,819,451	$68,343
2018	$711,609	$593,449	$1,765,614	$118,160

LANCE HOUSING CORPORATION