LAKEWOOD HOUSING CORPORATION

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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

1978

Legal Domicile

Principal Officer

CARL MUSSO

Phone

3039877588

Tax Period

2023-01-01 to 2023-12-31

LAKEWOOD HOUSING CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 1593% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 12% surplus.

Mission

LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $2,022,871 Revenue: $2,287,595

THIS CORPORATION IN CONJUNCTION WITH THE CITY OF LAKEWOOD HOUSING AUTHORITY OPERATES TO INCREASE THE AVAILABILITY OF HOUSING FOR LOW INCOME PERSONS RESIDING IN LAKEWOOD COLO.

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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 $7,017

Program Service Revenue $1,912,800

Investment Income $220,232

Other Revenue $147,546

TOTAL REVENUE $2,287,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $503,113

Fundraising Expenses $0

Program Expenses $2,022,871

Other Expenses $1,519,758

TOTAL EXPENSES $2,022,871

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,287,595	$135,092	+15.9%
Expenses	$2,022,871	$172,112	+10.8%
Net Income	$264,724	$-37,020	-8.2%

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

$54,845

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LaDawn Sperling	TRUSTEE	1.00	Director	$0	$0	$0
Tom Quinn	TRUSTEE	1.00	Director	$0	$0	$0
BILL MARINO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
GEORGE VALUCK	TRUSTEE	1.00	Director	$0	$0	$0
TAMI FISCHER	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$0
SABRINA PIERRE-LOUIS	CHIEF OPERATING OFFICER	7.00	Officer	$27,504	$0	$27,504
N/A	CHIEF FINANCIAL OFFICER	7.00	Officer	$27,341	$0	$27,341
KAREN KELLEN	CHAIRMAN	1.00	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	No data	No data	No data	No data
2023	$2,287,595	$2,022,871	$27,183,601	$264,724
2022	$135,092	$172,112	$5,642,767	$-37,020
2021	$136,170	$162,780	$5,677,873	$-26,610
2020	$112,663	$179,824	$5,702,604	$-67,161
2019	$117,587	$181,837	$5,772,246	$-64,250
2018	$1,036,320	$1,263,627	$12,544,484	$-227,307