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Lytle Trace INC EIN 31-1709511

Lytle Trace INC

EIN  31-1709511 Public charity (501(c)(3)) Williamsburg, OH
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Size
$100K–1M
What they do
Builds and manages affordable homes for seniors.
Leadership
Marilyn Hodges · Trustee
Money in and out
$293K revenue, $328K expenses
Bottom line
75% program efficiency

Builds and manages affordable homes for seniors. For fiscal year 2024 it reported $293K in revenue, $328K in expenses, and $1.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$293K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$35K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
-12%
revenue over expenses, this year▲ +51% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$293K
FY2024▲ +14%
Expenses
$328K
FY2024▲ +3%
Total assets
$1.6M
FY2024▼ -3%
Total liabilities
$45K
FY2024▼ -11%
Total revenue
$293K
Pt VIII · Ln 12
Total expenses
$328K
Pt IX · Ln 25
Net assets
$1.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$35K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $246K of program spending, described in the organization's own filed words · FY2024.
01

Lytle Trace, Inc. is a 36 unit apartment complex organized to provide affordable housing to the elderly.

$246Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLytle Trace INC
EINHdr · item D31-1709511
Principal addressHdr · item CWilliamsburg, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFJul 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Rudd
President
$0Pt VII · Sec A
Donna Cann
Treasurer/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$284K · 97%
Other revenue$9K · 3%
Program service revenue97%$284K
Other revenue3%$9K
Investment income$146
Total revenueLn 12$293K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$246K
Management & general25%$82K
Total functional expensesLn 25$328K

Balance Sheet

Part X · end of year
CashLn 1$202K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$45K
Total net assetsLn 32$1.5M
Months of cash on handcomputed7.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $202K · Operating expenses/yr $328K
7.4 months
Where the money goes
Program services
Program services $246K · Total expenses $328K
75%
Management & General
Management & general $82K · Total expenses $328K
25%
Fundraising
Fundraising $0 · Total expenses $328K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $293K
0%
Government reliance
Government grants — · Total revenue $293K
—
Earned-income share
Program service revenue $284K · Total revenue $293K
97%
Investment reliance
Investment income $146 · Total revenue $293K
0%
Program self-sufficiency
Program service revenue $284K · Total expenses $328K
87%
Growth & trend
Revenue growth (YoY)
This year $293K · Prior year $256K
+14%
Revenue CAGR
FY2020 $245K · FY2024 $293K
+5%
Net-asset trend (YoY)
End of year $1.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $293K · Expenses $328K
-12%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
—
Net-asset ratio
Net assets $1.5M · Total assets $1.6M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marilyn Hodges · Reported title Trustee · Highest reported compensation $0 · Total expenses $328K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $63K · Total expenses $328K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%——
Overhead ratio 25%——
Revenue growth 14%——
Accounting fee ratio 3%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$293K revenue · viewing · ⤓ 990 PDF
FY2023$256K revenue · ⤓ 990 PDF
FY2022$251K revenue · ⤓ 990 PDF
FY2021$238K revenue · ⤓ 990 PDF
FY2020$245K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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