ELLIS LAKE TOWNHOMES 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

1991

Legal Domicile

Principal Officer

LINDA MANDOLINI

Phone

5105821460

Tax Period

2018-07-01 to 2019-06-30

ELLIS LAKE TOWNHOMES INC, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $25K in total revenue in fiscal year 2018. Revenue decreased 19% compared to the prior year. Expenses of $570K exceeded revenue, resulting in a 2193% operating deficit.

Mission

TO SERVE AS MANAGING GENERAL PARTNER WHICH OWNS AND OPERATES A LOW INCOME HOUSING PROJECT.

Program Service Accomplishments

Program 1

Expenses: $567,816 Revenue: $22,763

TO PROVIDE HOUSING AND RELATED SERVICES FOR LOW OR MODERATE INCOME PERSONS WHO ARE IN NEED OF AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,091

Program Service Revenue $22,763

Investment Income $0

Other Revenue $0

TOTAL REVENUE $24,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $567,816

Other Expenses $569,916

TOTAL EXPENSES $569,916

Year-over-Year Comparison

	2018	2017	Change
Revenue	$24,854	$30,505	-0.2%
Expenses	$569,916	$591,527	0.0%
Net Income	$-545,062	$-561,022	0.0%

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

$682,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS J RANDALL	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
JIM KENNEDY	VICE CHAIRPERSON	0.10	Officer Director	$0	$0	$0
KATHLEEN HAMM	SECRETARY	0.10	Officer Director	$0	$0	$0
ANNETTE BILLINGSLEY	TREASURER	0.10	Officer Director	$0	$0	$0
TIMOTHY REILLY	ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
CALVIN WHITAKER	ASSISTANT SECRETARY	0.10	Officer Director	$0	$0	$0
JOHN GAFFNEY	DIRECTOR	0.10	Director	$0	$0	$0
DOUG KUERSCHNER	DIRECTOR	0.10	Director	$0	$0	$0
GRACE LI	DIRECTOR	0.10	Director	$0	$0	$0
JOE POSTIGO	DIRECTOR	0.10	Director	$0	$0	$0
PAULINE WEAVER	DIRECTOR	0.10	Director	$0	$0	$0
ILENE WEINREB	DIRECTOR	0.10	Director	$0	$0	$0
RUDY JOHNSON III	DIRECTOR	0.10	Director	$0	$0	$0
ED FORREST	DIRECTOR	0.10	Director	$0	$0	$0
CHERYL O' CONNOR	DIRECTOR	0.10	Director	$0	$0	$0
SEAN CALLUM	DIRECTOR	0.10	Director	$0	$0	$0
LINDA MANDOLINI	PRESIDENT	0.50	Officer	$0	$24,233	$381,222
TATIANA BLANK	CFO	0.50	Officer	$0	$13,525	$301,761

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
2019	$24,854	$569,916	$202,132	$-545,062
2018	$30,505	$591,527	$179,370	$-561,022