LAO PARK HOUSING CORPORATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

KATHY CHAO ROTHBERG

Phone

5105338850

Tax Period

2024-01-01 to 2024-12-31

LAO PARK HOUSING CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $515K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $830K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO OWN AND OPERATE HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS WHO ARE IN NEED OF AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS

Program Service Accomplishments

Program 1

Expenses: $829,831 Revenue: $514,536

TO DEVELOP MULTIPLE FAMILY LOW INCOME HOUSING FOR VERY LOW, LOW AND MODERATE INCOME PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $514,536

Investment Income $0

Other Revenue $0

TOTAL REVENUE $514,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,391

Fundraising Expenses $0

Program Expenses $829,831

Other Expenses $730,440

TOTAL EXPENSES $829,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$514,536	$542,080	-0.1%
Expenses	$829,831	$817,323	+0.0%
Net Income	$-315,295	$-275,243	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$323,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY WARD	DIRECTOR	2.00	Director	$0	$0	$0
KATHY CHAO ROTHBERG	CHIEF EXECUTIVE DIRECTOR	2.00	Officer	$0	$0	$323,959

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	$514,536	$829,831	$1,731,305	$-315,295
2023	$542,080	$817,323	$1,781,886	$-275,243