LAKESIDE GARDENS INC (EIN 720694204) - 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

1969

Legal Domicile

Phone

3182225138

Tax Period

2023-06-01 to 2024-05-31

LAKESIDE GARDENS INC, founded in 1969, is a small nonprofit that reported $713K in total revenue in fiscal year 2023. Expenses of $690K left a modest 3% surplus.

Mission

Owning and operating an apartment complex providing suitable housing for low and moderate income families accordance with Section 202 and Section 8 HUD guidelines.

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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 $0

Program Service Revenue $712,887

Investment Income $228

Other Revenue $342

TOTAL REVENUE $713,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,179

Fundraising Expenses $0

Program Expenses $689,547

Other Expenses $518,368

TOTAL EXPENSES $689,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,457	$684,242	+0.0%
Expenses	$689,547	$702,715	0.0%
Net Income	$23,910	$-18,473	-2.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lula Brooks	President	002.00	Officer Director	$0	$0	$0
Alan Warren	V-President	001.00	Officer Director	$0	$0	$0
Geneva E Moore	Director	001.00	Director	$0	$0	$0
Jimmie Jackson	Director	001.00	Director	$0	$0	$0
Neva Jones	Sec/Treas	001.00	Officer 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	$713,457	$689,547	$400,068	$23,910
2023	$684,242	$702,715	$358,606	$-18,473
2022	$659,132	$685,204	$410,859	$-26,072
2021	$640,239	$648,297	$417,771	$-8,058
2020	$636,882	$651,253	$482,798	$-14,371
2019	$658,499	$634,983	$531,925	$23,516

LAKESIDE GARDENS INC