Sara, I think the answer is right there in the Charity Navigator report that you linked:
Financial Metrics Full Credit Partial Credit No Credit Liabilities to Assets: Ratio - 70.52%0 out of 15 points The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent IRS Form 990). This ratio is an indicator of an organization's solvency and/or long-term sustainability. On Tue, Dec 19, 2023 at 11:48 PM Sara Mattes <samat...@gmail.com> wrote: > Here is another statement about revenues. > It appears that except for the COVID year, the revenues exceeded expenses > for the RLF. > How could that be if the tenants, who have been there for some time > (Something Special has been there 47 years!) were paying enough rent to > make the total operation profitable. > Do we know what the profit margins are at other malls? > At least ours is in the black, so that must not be a main driver for their > desire to rezone and sell. > > Rich Rosenbaum <s...@bcdef.com> > > > ------ > Sara Mattes > > > > > On Dec 16, 2023, at 11:19 PM, Sara Mattes <samat...@gmail.com> wrote: > > Has anybody asks them how they are doing and what changes in the > environment would hurt/help them? > How are they doing now? > Lots of new foot traffic a plus? > RIse in rents a dela killer? > > I have not seen them asked and/or invited to meetings, so how do we know? > > > > ------ > Sara Mattes > > > > > On Dec 16, 2023, at 4:01 PM, Rich Rosenbaum <s...@bcdef.com> wrote: > > I would note that mall 'viability' goes beyond its P&L statement. Do the > stores get enough foot traffic to remain viable? > Is the mall considered high enough quality space to attract new retail > tenants? Keep the ones we have? > > I don't know the exact answer to these questions but a mall without > tenants won't remain profitable. > > As has been pointed out, the challenges we face are complex and > multidimensional and (in my opinion) cannot be reduced to any single factor. > > Rich Rosenbaum > member of town committees but speaking as a citizen of Lincoln > > > > On Sat, Dec 16, 2023 at 3:33 PM Karla Gravis <karlagra...@gmail.com> > wrote: > >> I would like to address this statement in the email below: >> >> “The facts are that the Mall needs help to remain viable” >> >> Let's not conflate the RLF finances with the Mall finances. >> >> The 990 filings indicate that the Mall itself has been consistently >> profitable over the last five years >> <https://projects.propublica.org/nonprofits/organizations/46132391/202222509349300837/full> >> : >> >> - 2018: $80,399 >> - 2019: $191,279 >> - 2020: $122,519 >> - 2021: $111,795 >> - 2022: $164,571 >> >> Now, in terms of the RLF finances, if there is a concern about its >> sustainability, perhaps there should be a reflection about its cost >> structure. The Concord Land Conservation Trust, which oversees double >> the acreage (more than 1,000 vs more than 500 acres in Lincoln), has >> expenses of $187K versus $334K for the RLF/LLCT >> <https://docs.google.com/spreadsheets/d/1rFLf4j0m6zzM3qOox3b_I0xDz2RCX0Bxxw_W8msll_A/edit> >> . >> >> >> -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > > > > -- > The LincolnTalk mailing list. > To post, send mail to Lincoln@lincolntalk.org. > Browse the archives at https://pairlist9.pair.net/mailman/private/lincoln/ > . > Change your subscription settings at > https://pairlist9.pair.net/mailman/listinfo/lincoln. > >
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