Lytton IV 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

1992

Legal Domicile

Phone

9259567370

Tax Period

2024-04-01 to 2025-03-31

Lytton IV Housing Corporation, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $574K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $725K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE LOWER INCOME SENIORS WITH QUALITY COMMUNITIES, ENCOMPASSING HOUSING, SOCIAL & HEALTH CARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $513,160 Revenue: $563,757

LYTTON IV HOUSING CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION INCORPORATED IN THE STATE OF CALIFORNIA TO DEVELOP, CONSTRUCT AND OPERATE A 51 UNIT INDEPENDENT LIVING APARTMENT COMPLEX (THE "PROJECT") IN PALO ALTO, CALIFORNIA FOR LOW INCOME SENIORS. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. SUCH PROJECTS ARE REGULATED BY THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO ALLOWABLE RENT CHARGES, OPERATING METHODS AND USE OF ASSETS. THE PROJECT CONSISTS OF 50 PARTIALLY SUBSIDIZED UNITS AND ONE EMPLOYEE UNIT. 62 PEOPLE WERE SERVED DURING THE YEAR.

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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 $562,934

Investment Income $10,589

Other Revenue $823

TOTAL REVENUE $574,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $113,668

Fundraising Expenses $0

Program Expenses $513,160

Other Expenses $611,085

TOTAL EXPENSES $724,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$574,346	$503,562	+0.1%
Expenses	$724,753	$627,011	+0.2%
Net Income	$-150,407	$-123,449	+0.2%

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

$3,435,527

Total Directors

Key Employees

$177,489

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Donnelly Jr	Board Chair	0.5	Officer Director	$0	$0	$0
Bill Peters	Director	0.5	Director	$0	$0	$0
Carlos Jimenez	Director	0.5	Director	$0	$0	$0
Christoper Jones	Director START: 12/24	0.5	Director	$0	$0	$0
Kevin Kroeker	Director	0.5	Director	$0	$0	$0
Margol Kennison	Director	0.5	Director	$0	$0	$0
Marion McGovern	Director	0.5	Director	$0	$0	$0
Eduardo Salvador	CFO	0.1	Officer	$0	$23,923	$906,991
Rachel Vranich	Chief Legal Officer / Secretary	0.1	Officer	$0	$45,974	$562,741
Sean Kelly	CEO	0.1	Officer	$0	$67,741	$1,459,056
Soraya Diaz	President - CARING Housing Ministries	0.1	Officer	$0	$36,668	$506,739
Vanessa Lombardo	Director of Operations - CARING Housing Ministries	0.1	Key Emp	$0	$25,837	$177,489
Jennie La	Controller	0.1	Highest	$0	$26,655	$169,041
Joseph Miller	Director of Finance - CARING Housing Ministries	0.1	Highest	$0	$16,473	$170,871
Martin Lakatos	Vice President - Development	0.1	Highest	$0	$40,712	$359,252

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	$574,346	$724,753	$22,348,851	$-150,407
2024	$503,562	$627,011	$22,658,212	$-123,449
2023	$465,810	$693,572	$22,533,231	$-227,762
2022	$378,835	$762,944	$22,628,676	$-384,109
2021	$381,670	$620,991	$4,276,302	$-239,321
2020	$398,428	$519,757	$4,376,516	$-121,329
2019	$419,325	$523,192	$4,508,237	$-103,867