LONE STAR HOUSING AND COMMUNITY DE… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

MICHELLE GRANDT

Phone

5126371278

Tax Period

2023-01-01 to 2023-12-31

LONE STAR HOUSING AND COMMUNITY DEVELOPMENT CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $400K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $511K exceeded revenue, resulting in a 28% operating deficit.

Mission

DEVELOPMENT, OPERATION, AND MANAGEMENT OF AFFORDABLE HOUSING AND RELATED SUPPORT PROGRAMS AND OPPORTUNITIES FOR LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $511,471 Revenue: $330,613

DEVELOP AFFORDABLE HOUSING AND OPPORTUNITIES FOR LOW INCOME FAMILIES

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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 $195,613

Investment Income $68,996

Other Revenue $135,000

TOTAL REVENUE $399,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,560

Fundraising Expenses $0

Program Expenses $511,471

Other Expenses $382,911

TOTAL EXPENSES $511,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,609	$1,314,275	-0.7%
Expenses	$511,471	$281,642	+0.8%
Net Income	$-111,862	$1,032,633	-1.1%

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

$106,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA WARNER GILMER	DIRECTOR	15.00	Director	$0	$0	$0
ALFREDO CASTANEDA	DIRECTOR	15.00	Director	$0	$0	$0
JILL MILLER	PRESIDENT	15.00	Director	$0	$0	$0
KRISTEN STUEVER	DIRECTOR	15.00	Director	$0	$0	$0
MIRANDA HEDLUND	DIRECTOR	15.00	Director	$0	$0	$0
MICHELLE GRANDT	EXECUTIVE DIRECTOR/SECRETA	40.00	Director	$106,500	$0	$106,500

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	$399,609	$511,471	$24,126,429	$-111,862
2022	$1,314,275	$281,642	$22,808,428	$1,032,633
2021	$1,933,331	$128,223	$14,915,980	$1,805,108
2020	$222,909	$83,084	$3,526,165	$139,825

LONE STAR HOUSING AND COMMUNITY DEVELOPMENT CORPORATION