LAS VEGAS COMMUNITY INVESTMENT CORP

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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

2012

Legal Domicile

Principal Officer

GARY AMELING

Phone

7022296077

Tax Period

2023-07-01 to 2024-06-30

LAS VEGAS COMMUNITY INVESTMENT CORP, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $588K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $563K, a strong 96% operating margin.

Mission

IN AUGUST 2012, THE LAS VEGAS COMMUNITY INVESTMENT CORPORATION (LVCIC), A NONPROFIT COMMUNITY DEVELOPMENT ENTITY (CDE), WAS CREATED TO PURSUE NEW MARKETS TAX CREDIT (NMTC) ALLOCATION. NMTCS ENABLE LVCIC TO PROVIDE FLEXIBLE FINANCING TO BORROWERS THAT ARE FOCUSED ON DELIVERING EXCEPTIONAL SERVICE TO THE CITY OF LAS VEGAS' IMPOVERISHED NEIGHBORHOODS. LVCIC HAS RECEIVED THREE ALLOCATION AWARDS TOTALING $128 MILLION. AS OF JANUARY 2021, LVCIC HAS USED $128 MILLION OF ITS ALLOCATION TO INVEST IN TEN PROJECTS. EACH INVESTMENT IS MADE WITH THE GOAL OF IMPROVING THE LIVES OF STRUGGLING RESIDENTS THROUGH QUANTIFIABLE COMMUNITY BENEFITS SUCH AS JOB CREATION AND THE DELIVERY OF NECESSARY COMMUNITY GOODS AND SERVICES. LVCIC'S SERVICE AREA IS GREATER LAS VEGAS, HOWEVER NMTC INVESTMENTS ARE TARGETED TO THE MOST DISTRESSED AREAS OF OUR SERVICE AREA.

Program Service Accomplishments

Program 1

Expenses: $25,528 Revenue: $588,141

UNDER THE ORGANIZATION'S ALLOCATION AGREEMENTS WITH THE CDFI FUND, THE ORGANIZATION HAS ESTABLISHED CDES WHICH ARE APPROVED "SUBSIDIARY ALLOCATEES" OF THE ORGANIZATION. THE ORGANIZATION IS THE...

UNDER THE ORGANIZATION'S ALLOCATION AGREEMENTS WITH THE CDFI FUND, THE ORGANIZATION HAS ESTABLISHED CDES WHICH ARE APPROVED "SUBSIDIARY ALLOCATEES" OF THE ORGANIZATION. THE ORGANIZATION IS THE MANAGING MEMBER OF EACH OF THE SUBSIDIARY ALLOCATEES. AN ALLOCATION AGREEMENT PLACES RESTRICTIONS ON THE CDE'S OPERATIONS, INCLUDING, BUT NOT LIMITED TO, A SPECIFIC GEOGRAPHICAL AREA OF THE LOW-INCOME COMMUNITIES THE CDE MUST SERVE. THE ORGANIZATION HAS BEEN APPROVED TO SERVE LOW-INCOME COMMUNITIES IN THE STATES OF ARIZONA AND NEVADA. AS OF JUNE 30, 2024 AND 2023, THE ORGANIZATION HAD UTILIZED $128,000,000, RESPECTIVELY, OF ITS NMTC ALLOCATIONS.

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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 $588,141

Investment Income $0

Other Revenue $0

TOTAL REVENUE $588,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,528

Other Expenses $25,528

TOTAL EXPENSES $25,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,141	$621,644	-0.1%
Expenses	$25,528	$22,822	+0.1%
Net Income	$562,613	$598,822	-0.1%

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

N/A

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

$637,853

Total Directors

$1,746,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY AMELING	PRESIDENT	1.00	Officer Director	$0	$0	$263,434
SUSAN HELTSLEY	TREASURER	1.00	Officer Director	$0	$0	$180,108
JORGE CERVANTES	DIRECTOR	1.00	Director	$0	$0	$328,596
KATHI THOMAS-GIBSON	DIRECTOR	1.00	Director	$0	$0	$221,954
LISA MORRIS-HIBBLER	DIRECTOR	1.00	Director	$0	$0	$265,096
RYAN SMITH	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$194,311
TOM PERRIGO	DIRECTOR	1.00	Director	$0	$0	$293,327

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	No data	No data	No data	No data
2024	$588,141	$25,528	$4,316,169	$562,613
2023	$621,644	$22,822	$3,763,076	$598,822
2022	$710,661	$25,158	$3,173,168	$685,503
2021	$2,128,256	$1,529,907	$2,443,285	$598,349
2020	$1,506,691	$816,282	$1,846,860	$690,409
2019	$354,402	$315,273	$1,160,792	$39,129
2018	$1,675,397	$1,035,594	$1,116,163	$639,803