LASKER VILLAGE APARTMENTS

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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

1994

Legal Domicile

Principal Officer

DR MICHAEL PASSMORE

Phone

2103419133

Tax Period

2024-04-01 to 2025-03-31

LASKER VILLAGE APARTMENTS, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $162K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $569K represent 42 months of operating reserves.

Mission

PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED PERSONS UNDER THE HUD SECTION 811 PROGRAM

Program Service Accomplishments

Program 1

Expenses: $143,535 Revenue: $159,139

PROVIDE AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED PERSONS UNDER THE HUD SECTION 811 PROGRAM

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $159,139

Investment Income $3,191

Other Revenue $0

TOTAL REVENUE $162,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,497

Fundraising Expenses $0

Program Expenses $143,535

Other Expenses $131,275

TOTAL EXPENSES $173,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,330	$146,638	+0.1%
Expenses	$173,772	$176,734	0.0%
Net Income	$-11,442	$-30,096	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL PASSMORE	PRESIDENT	N/A	Officer	$0	$0	$0
LILLIE RENDON-SEQOVIA	SECRETARY	N/A	Officer	$0	$0	$0
JESSE SANDOZ	VICE PRESIDE	N/A	Officer	$0	$0	$0
GABRIEL SANCHEZ	TREASURER	N/A	Officer	$0	$0	$0
RUTH ESTRADA	MEMBER	N/A	Director	$0	$0	$0
CECIL LARA	MEMBER	N/A	Director	$0	$0	$0
PAT GARLAND	MEMBER	N/A	Director	$0	$0	$0
DR LYNDA CAVAZOS	MEMBER	N/A	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
2025	$162,330	$173,772	$581,335	$-11,442
2024	$146,638	$176,734	$596,277	$-30,096
2023	$141,715	$155,456	$623,292	$-13,741
2022	$146,685	$148,770	$635,943	$-2,085
2021	$140,557	$147,928	$638,531	$-7,371