Charity Search / LAKEWOOD HOUSING INC
Housing & Shelter (L20) 990 on File

LAKEWOOD HOUSING INC

EIN: 56-2128975 · DUNN, NC 28335-1254 · United States · FY 2024 Data
3 out of 5 46 / 100 Based on 2+ years of filings
Financial strength (30%) 62/100
Reliability (20%) 55/100
Effectiveness (25%) 68/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$174K
Total Revenue
$238K
Total Expenses
$-637,961
Net Assets
0
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 80.8%
Fundraising Efficiency N/A
Operating Reserve -32.22x
Liability-to-Asset 174.9%
Revenue Diversification 99.9%
Compared with Peers
FY 2024
Compared with 5,473 similar organizations (United States, Housing & Shelter, $100K–$1M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
80.8% 87.3%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
19.2% 11.7%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
-32.2 mo 13.6 mo
P10P90
Bottom quarter
Liabilities to assets
Total liabilities / total assets · lower is better
174.9% 25.2%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
99.9% 91.7%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
4.8% 5.0%
P10P90
Expense growth
Year over year expense growth
31.8% 5.2%
P10P90
Surplus margin
Surplus as a share of revenue
-36.7% -6.8%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $174K $238K $-637,961 80.8% 0
2023 $166K $180K $-574,201 75.7% 0
2022 $161K $164K $-559,878 73.6% 0
2021 $154K $168K N/A — 0
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Organization Details
EIN
56-2128975
State
NC
City
DUNN
ZIP
28335-1254
Classification
L20
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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