Lakeland-polk Housing Corporation is a 501(c)(3) organization based in Lakeland, Florida, registered in 1997, with $228,190 in FY2024 revenue. CharityIndex grades it F.
Revenue (FY2024)
$228K
▲ 4717.2% vs prior year
Housing median: $408K
Expenses (FY2024)
$704K
Net assets
$6.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Lakeland-polk Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Lakeland-polk Housing Corporation: 113 mo reserves · -209% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Lakeland-polk Housing Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Lakeland-polk Housing Corporation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $349K (FY2021) to $228K (FY2024) across 4 reported years.
Financial snapshot
Operating margin
-208.6%
Spent more than it raised in the latest fiscal year.
Total assets
$8.6M
Total liabilities
$2.0M
Net assets
$6.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $228,190▲4717% | $704,303▼1.6% | $6,624,230▼3.4% | $8,618,843▼3.6% | 990 |
| 2023 | $4,737▼98.0% | $715,617▲383% | $6,856,354▼9.4% | $8,936,371▼7.4% | 990 |
| 2022 | $231,965▼33.5% | $148,180▲71.6% | $7,567,234▼1.0% | $9,647,251▲0.8% | 990 |
| 2021 | $349,059 | $86,372 | $7,645,796 | $9,568,514 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Lakeland-polk Housing Corporation (EIN 59-3425999) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.