LAFH PHASE II QALICB INC (EIN 811830036) - Form 990 Financial Analysis & Trantor Score

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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

2016

Legal Domicile

Principal Officer

STEPHANIE KLASKY-GAMER

Phone

8189824091

Tax Period

2023-01-01 to 2023-12-31

LAFH PHASE II QALICB INC, founded in 2016, is a mid-sized nonprofit in the Human Services sector that reported $17.8M in total revenue in fiscal year 2023. Revenue surged 5004% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.0M, a strong 96% operating margin.

Mission

LOW INCOME HOUSING

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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 $276,065

Investment Income $366

Other Revenue $17,501,298

TOTAL REVENUE $17,777,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $690,054

Other Expenses $739,507

TOTAL EXPENSES $739,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,777,729	$348,305	+50.0%
Expenses	$739,507	$1,750,157	-0.6%
Net Income	$17,038,222	$-1,401,852	-13.2%

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

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

$559,709

Total Directors

$559,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGG SHERKIN	DIRECTOR	2.50	Director	$0	$0	$0
DEBBIE BURKART	DIRECTOR	2.50	Director	$0	$0	$0
STEPHANIE KLASKY-GAMER	CHAIRMAN	2.50	Officer Director	$0	$0	$329,417
TOI CHISOM	SECRETARY	2.50	Officer Director	$0	$0	$230,292
YASMIN TONG	TREASURER	0.50	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	$17,777,729	$739,507	$15,879,152	$17,038,222
2022	$348,305	$1,750,157	$16,338,668	$-1,401,852
2021	$779,137	$1,167,178	$17,725,687	$-388,041
2020	$1,629,727	$1,154,810	$18,092,695	$474,917
2019	$1,971,408	$491,236	$18,374,566	$1,480,172
2018	$792,401	$94,927	$16,928,419	$697,474

LAFH PHASE II QALICB INC