LARKIN PINE SENIOR HOUSING CORPORATION (EIN 943170538) - 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

1992

Legal Domicile

Principal Officer

CINDY LOUIE

Phone

4159841450

Tax Period

2023-01-01 to 2023-12-31

LARKIN PINE SENIOR HOUSING CORPORATION, founded in 1992, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $1.6M, a strong 100% operating margin.

Mission

THE ORGANIZATION SERVES AS PARTNER OF FIVE LIMITED PARTNERSHIPS: LARKIN PINE LP, NAMIKI APARTMENTS LP, GGA 1820 POST LP, HAMLIN HOTEL LP, AND NOTRE DAME HOUSING PARTNERS LP. THESE FIVE PARTNERSHIPS OPERATE LOW INCOME HOUSING PROJECTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,587,563

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,587,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $220

Other Expenses $2,100

TOTAL EXPENSES $2,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,587,563	$1,692,635	-0.1%
Expenses	$2,100	$62,927	-1.0%
Net Income	$1,585,463	$1,629,708	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

$464,959

Total Directors

$464,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WHITNEY JONES	SECRETARY	0.10	Officer Director	$0	$29,986	$237,723
CINDY LOUIE	PRESIDENT	0.10	Officer Director	$0	$23,175	$227,236
JAMES NGUYEN	FORMER TREASURER/CFO	0.10	Officer Director	$0	$0	$0
WENDELL LIN	DIRECTOR	0.10	Director	$0	$0	$0
JIM FAGLER	DIRECTOR	0.10	Director	$0	$0	$0
TERENCE CORDERO	TREASURER	0.10	Officer Director	$0	$0	$0
TOMMY CHAN	DIRECTOR	0.10	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	$1,587,563	$2,100	$15,295,676	$1,585,463
2022	$1,692,635	$62,927	$13,259,382	$1,629,708
2021	$1,790,438	$760	$11,115,194	$1,789,678
2020	$2,003,983	$1,380	$8,873,017	$2,002,603
2019	$5,280,003	$1,390	$6,366,283	$5,278,613
2018	$354,908	$255,423	$714,867	$99,485

LARKIN PINE SENIOR HOUSING CORPORATION