Lake Street Housing Corporation
Overview
Mission
Lake street housing corporation is an organization formed to provide decent and affordablehousing to the elderly and low to moderate income people.
What it reported doing in 2024
To provide decent affordable housing to the elderly and low to moderate income people.
Operating model
- Revenue model
- Donor-supported. 62% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 030357141
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Headquarters
- Burlington, VT, USA
- Phone
- 8028626244
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Developmentally Disabled Centers
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88%; rating input score 88
- Program expense ratio: 84.9%; rating input score 85
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -3.6%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 1.12; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 56th percentile among comparable filings
- Revenue growth: 2.7% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: -7.7% per year; rating input score 0; 20th percentile among comparable filings
Details
- Where the money goes: 88% of revenue deployed · 84.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $75K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 14 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
12 people listed
Source: IRS Form 990-EZ. Selected filing: FY2024.