VENTURA, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC), founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2023. The organization ran a surplus of $3.1M, a strong 84% operating margin.
THE SPECIFIC CHARITABLE AND PUBLIC PURPOSES ARE TO BENEFIT AND SUPPORT THE HOUSING AUTHORITY OF THE CITY OF SAN BUENAVENTURA BY PROVIDING, DEVELOPING, FINANCING, REHABILITATING, OWNING AND OPERATING DECENT, SAFE AND SANITARY HOUSING AFFORDABLE TO PERSONS AND HOUSEHOLDS OF LOW INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.
THE ORGANIZATION SERVES AS A GENERAL PARTNER OF CHAPEL LANE L.P., WHICH OWNS AND OPERATES A 38 UNIT SENIOR HOUSING APARTMENT COMPLEX FOR LOW INCOME SENIORS LOCATED IN VENTURA, CALIFORNIA.
INVESTMENTS IN TEN LOW INCOME PROPERTIES THROUGH OWNING THEM AS THE SOLE MEMBER/OWNER OR MANAGING MEMBER OF THE FOLLOWING LIMITED LIABILITY COMPANIES:- ENCANTO DEL MAR APARTMENTS, LLC (A SINGLE...
INVESTMENTS IN TEN LOW INCOME PROPERTIES THROUGH OWNING THEM AS THE SOLE MEMBER/OWNER OR MANAGING MEMBER OF THE FOLLOWING LIMITED LIABILITY COMPANIES:- ENCANTO DEL MAR APARTMENTS, LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER) - REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF ENCANTO DEL MAR APARTMENTS, L.P., WHICH OWNS AND OPERATES A 37 UNIT SENIOR HOUSING APARTMENT COMPLEX FOR LOW INCOME SENIORS LOCATED IN VENTURA, CALIFORNIA.- SOHO HOUSING LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF SOHO ASSOCIATES, L.P., WHICH OWNS AND OPERATES A 12 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VISTA DEL MAR COMMONS LLC (LLC WITH HOMECOMINGS, INC. AS THE MANAGING MEMBER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VISTA DEL MAR COMMONS, L.P., WHICH OWNS AND OPERATES A 140 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- CASTILLO DEL SOL LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF CASTILLO DEL SOL APARTMENTS, L.P., WHICH OWNS AND OPERATES A 40 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- JOHNSON GARDENS LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF JOHNSON GARDENS, L.P., WHICH OWNS AND OPERATES A 101 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- BUENA VIDA LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF BUENA VIDA, L.P., WHICH OWNS AND OPERATES A 95 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- RANCHO VERDE LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF RANCHO VERDE VENTURA, L.P., WHICH OWNS AND OPERATES A 24 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- EL PORTAL VENTURA LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF EL PORTAL VENTURA, L.P., WHICH OWNS AND OPERATES A 29 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- WILLETT RANCH LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF WILLETT RANCH, L.P., WHICH OWNS AND OPERATES A 50 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.- VILLAGES AT WESTVIEW I LLC (A SINGLE MEMBER LLC WITH HOMECOMINGS, INC. AS THE SOLE MEMBER/OWNER)- REPRESENTING AN OWNERSHIP INTEREST AS A GENERAL PARTNER OF VILLAGES AT WESTVIEW I, L.P., WHICH OWNS AND OPERATES A 131 UNIT MULTIFAMILY HOUSING APARTMENT COMPLEX FOR LOW INCOME HOUSEHOLDS LOCATED IN VENTURA, CALIFORNIA.
AHSC PROGRAM GRANT FUNDS - CONTRACT NUMBER 19-AHSC-12790UNDER THE AGREEMENT WITH THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT, THE ORGANIZATION RECEIVED FEDERAL GRANTS UNDER THE AHSC PROGRAM...
AHSC PROGRAM GRANT FUNDS - CONTRACT NUMBER 19-AHSC-12790UNDER THE AGREEMENT WITH THE DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT, THE ORGANIZATION RECEIVED FEDERAL GRANTS UNDER THE AHSC PROGRAM GRANT FUNDS. THE GRANT FUNDS WILL BE USED BY THE ORGANIZATION TO MAKE CAPITAL IMPROVEMENTS, CONSTRUCTION OF SIDEWALKS AND BIKEWAYS, UPGRADING BUS SHELTERS AND PURCHASING UNLIMITED MONTHLY PASSES FOR RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,673,819 | $3,689,190 | 0.0% |
| Expenses | $595,472 | $537,985 | +0.1% |
| Net Income | $3,078,347 | $3,151,205 | 0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JIM WHITE | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN POLANSKEY | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANA SPARAGNA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATE SIMONSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SELFA SAUCEDO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL SCHULKIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BARBARA KELLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE NOCELLA | CFO | 40.00 |
Officer
|
$120,126 | $0 | $120,126 |
| JEFFREY LAMBERT | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$71,266 | $0 | $71,266 |
| DENISE M WISE | EXECUTIVE DIRECTOR | 40.00 |
|
$214,116 | $0 | $214,116 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $3,673,819 | $595,472 | $9,723,551 | $3,078,347 |
| 2022 | $3,689,190 | $537,985 | $4,998,055 | $3,151,205 |
| 2021 | $1,632,441 | $584,507 | $1,286,095 | $1,047,934 |
| 2020 | $215,738 | $586,613 | $-174,935 | $-370,875 |
| 2019 | $162,900 | $643,693 | $-290,474 | $-480,793 |
| 2018 | $91,036 | $931,840 | $-140,174 | $-840,804 |
Compare HOMECOMINGS INC (FKA CHAPEL LANE HOUSING INC) with other nonprofits in California and across the country.