Lazarus House Initiative Inc

Nonprofit profile at a glance

EIN
760699844
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2020, Form 990-EZ 2024, Form 990-N 2019
Location
Dallas, TX, USA
Phone
9728030432
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Services N.E.C.

Reported finances

Revenue
$56,581
Expenses
$54,044
Assets
$4,499
Liabilities
$2,081

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • DR CATHY WILLIAMS (EXECUTIVE DIRECTOR)

People named in this filing

  • DR CATHY WILLIAMS (EXECUTIVE DIRECTOR)
  • JAN WAFFER (CHAIRMAN)
  • BYRON EVANS II (V CHAIRMAN TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help low-income families rebuild their lives by helping keep housing affordable as they take steps necessary for becoming self-sufficient and to help below-grade learners in low-income families advance by providing supplemental mathematics, reading science, and technology enrichment and social-emotional empowerment.

What it reported doing in 2024

The organization provided vocational/career development development, job quest training, life skills training, counseling, and security and utility deposits and up to 12 months of rent subsidies to 3 low-income households living in ellis county and 9 low-income households comprised of persons with disabilities living in living in dallas county and provided school supplies and supplemental mathematics, reading, science, and technology enrichment and social-emotional empowerment and school supplies to 17 youth in low-income households living in dallas county.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.9%; rating input score 78
  • Program expense ratio: 81.5%; rating input score 82

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 4.5%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 15.5%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -42% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -45.1% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -31.1% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 77.9% of revenue deployed · 81.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $44K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.