L&T AFFORDABLE HOUSING URBAN RENEWAL CORPORATION (EIN 844675709) - 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

2019

Legal Domicile

Principal Officer

LOUIS RICCIO

Phone

2019434449

Tax Period

2024-01-01 to 2024-12-31

L&T AFFORDABLE HOUSING URBAN RENEWAL CORPORATION, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $440K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $424K left a modest 4% surplus.

Mission

TO PROVIDE AND MANAGE HOUSING FOR LOW AND MODERATE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $429,193

Investment Income $0

Other Revenue $10,897

TOTAL REVENUE $440,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,080

Fundraising Expenses $0

Program Expenses $325,808

Other Expenses $371,365

TOTAL EXPENSES $424,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$440,090	$634,423	-0.3%
Expenses	$424,445	$355,674	+0.2%
Net Income	$15,645	$278,749	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SERANFIN CRAIG	PRESIDENT	1.00	Director	$0	$0	$0
ELIZABETH DECOURSEY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS HARALAMPOUDIS	TRUSTEE	1.00	Director	$0	$0	$0
EVANGELINE TROSS	VICE PRESIDENT	1.00	Director	$0	$0	$0
SUSAN FOERSTER	TRUSTEE	1.00	Director	$0	$0	$0
CARL OUSLEY	TRUSTEE	1.00	Director	$0	$0	$0
IRENE MELI	TRUSTEE	1.00	Director	$0	$0	$0
CONSTANCE STOBER	TRUSTEE	1.00	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	$440,090	$424,445	$3,001,041	$15,645
2023	$634,423	$355,674	$3,148,151	$278,749
2022	$1,363,037	$228,637	$2,911,333	$1,134,400
2021	$712,092	$180,084	$1,792,538	$532,008
2020	$21,807	$5,560	$1,237,856	$16,247

L&T AFFORDABLE HOUSING URBAN RENEWAL CORPORATION