LH HOMES III INC

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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

2010

Legal Domicile

Principal Officer

KIRSTEN ELLIOTT

Phone

2489280111

Tax Period

2024-01-01 to 2024-12-31

LH HOMES III INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $134K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $163K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO INDIVIDUALS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $134,007 Revenue: $47,986

LH HOMES III, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF MICHIGAN. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING FOUR...

LH HOMES III, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF MICHIGAN. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING FOUR RESIDENCES KNOWN AS LIBERTY HILL HOMES III LOCATED IN THE METRO DETROIT AREA, WHICH PROVIDES HOUSING FOR PERSONS WITH DEVELOPMENTAL DISABILITIES PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $84,636

Program Service Revenue $47,986

Investment Income $995

Other Revenue $0

TOTAL REVENUE $133,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $134,007

Other Expenses $163,462

TOTAL EXPENSES $163,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$133,617	$101,649	+0.3%
Expenses	$163,462	$158,139	+0.0%
Net Income	$-29,845	$-56,490	-0.5%

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
MARK WIEDELMAN	DIRECTOR	0.50	Director	$0	$0	$0
PATTY PRZYBYLSKI	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL POLITE	DIRECTOR	0.50	Director	$0	$0	$0
TRACY CARTER	DIRECTOR	0.50	Director	$0	$0	$0
THOMAS LANDRY	DIRECTOR	0.50	Director	$0	$0	$0
GARY ABERNATHY	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM ROBINSON JR	DIRECTOR	0.50	Director	$0	$0	$0
KIRSTEN ELLIOTT	CEO, PRESIDENT	1.00	Officer	$0	$0	$0
CARRIE MENDOZA	VICE PRESIDENT, CFO, TREASURER	1.00	Officer	$0	$0	$0
MICHELLE BRINKMANN	VICE PRESIDENT OF PROGRAMS	1.00	Officer	$0	$0	$0
MARC CRAIG	PRESIDENT (FORMER)	1.00	Officer	$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	$133,617	$163,462	$1,529,762	$-29,845
2023	$101,649	$158,139	$1,570,539	$-56,490
2022	$100,935	$152,802	$1,619,167	$-51,867
2021	$99,593	$152,128	$1,661,762	$-52,535
2020	$100,911	$139,583	$1,713,269	$-38,672
2019	$98,756	$137,930	$1,750,903	$-39,174
2018	$95,013	$148,439	$1,801,022	$-53,426