LAKESIDE GARDENS INC (EIN 941678063) - 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

1967

Legal Domicile

Principal Officer

RICHARD DENURE

Phone

3232583512

Tax Period

2022-10-01 to 2023-09-30

LAKESIDE GARDENS INC, founded in 1967, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 4% surplus.

Mission

To operate an apartment complex of 85 units to provide low-income housing for elderly tenants.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,116,349

Investment Income $14,165

Other Revenue $0

TOTAL REVENUE $1,130,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $411,579

Fundraising Expenses $0

Program Expenses $760,701

Other Expenses $677,559

TOTAL EXPENSES $1,089,138

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,130,514	$996,076	+0.1%
Expenses	$1,089,138	$1,034,544	+0.1%
Net Income	$41,376	$-38,468	-2.1%

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

Employees

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
KAREN JENNINGS	Director	2.00	Director	$0	$0	$0
RICHARD DENURE	President	2.00	Officer Director	$0	$0	$0
GARY MACDONALD	Director	2.00	Director	$0	$0	$0
RUSTY COOMBS	Treasurer	2.00	Officer Director	$0	$0	$0
DALE COMBS	Vice President	2.00	Officer Director	$0	$0	$0
CORI OWENS-MENDEZ	Secretary	2.00	Officer Director	$0	$0	$0
TIM AVAZIAN	Treasurer	2.00	Officer Director	$0	$0	$0
GRACE VANESELTINE	Director	2.00	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	No data	No data	No data	No data
2023	$1,130,514	$1,089,138	$1,419,218	$41,376
2022	$996,076	$1,034,544	$1,435,069	$-38,468
2021	$1,000,671	$935,320	$1,529,604	$65,351
2020	$975,374	$858,522	$1,493,505	$116,852
2019	$945,548	$860,427	$1,407,139	$85,121
2018	$921,603	$876,755	$1,354,319	$44,848

LAKESIDE GARDENS INC