LGBT HOUSING INITIATVE

EIN: 842525726 501(c)(3) Human Services

Westlae, OH

Total Revenue
$149,383
Total Expenses
$125,179
Total Assets
$46,180
Net Assets
$46,180
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OH
Principal Officer
Michael Zinicola
Phone
4404654444
Tax Period
2022-01-01 to 2022-12-31

LGBT HOUSING INITIATVE, founded in 2019, is a small nonprofit in the Human Services sector that reported $149K in total revenue in fiscal year 2022. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 16% operating margin.

Mission

Our mission is to improve home ownership in the LGBT+Community and to raise money to assist organizations that help elevate at risk homeless youth out of homelessness. Monies are raised from small donations from LGBT+ realtors every time they sell a home.

Program Service Accomplishments

Program 1
Expenses: $122,370 Revenue: $0

The organization provided grant money to other 501C3 organizations across the country to provide assistance for at risk and homeless LGBT youth.The goal is to elevate them out of homelessness and/or...

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The organization provided grant money to other 501C3 organizations across the country to provide assistance for at risk and homeless LGBT youth.The goal is to elevate them out of homelessness and/or housing insecurity. We gave 10 grants to 10 different organizations covering everything from providing meals and necessity items to providing funds for mental health. We look at the gran sell a hometee organizations to tell us what specifically they will will use the funds for and then our board approves the grants. All monies go to specific programs and not to fund administrative costs. Monies are raised from small donations from LGBT+ realtors every time they sell a home.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $149,383
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $149,383

Expense Breakdown

Grants Paid $122,370
Salaries & Benefits $0
Fundraising Expenses $2,809
Program Expenses $122,370
Other Expenses $2,809
TOTAL EXPENSES $125,179

Year-over-Year Comparison

2022 2021 Change
Revenue $149,383 $65,373 +1.3%
Expenses $125,179 $43,397 +1.9%
Net Income $24,204 $21,976 +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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dave Gervase trustee 0
Director
$0 $0 $0
Kimberly Davis Trustee 0
Director
$0 $0 $0
Michael Zinicola Trustee 10
Director
$0 $0 $0
Matthew Buchta Trustee 0
Director
$0 $0 $0
Nicole Moore Trustee 0
Director
$0 $0 $0
Bradford Davis Trustee 0
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
2022 $149,383 $125,179 $46,180 $24,204
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