HOUSING RESOURCE CENTER OF MONTERE… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

KELLIE MORGANTINI

Phone

8314249186

Tax Period

2023-01-01 to 2023-12-31

HOUSING RESOURCE CENTER OF MONTEREY COUN, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2023. Expenses of $4.3M left a modest 4% surplus.

Mission

THE MISSION OF THE HOUSING RESOURCE CENTER OF MONTEREY COUNTY (HRC) IS TO PROVIDE A CONTINUUM OF RESOURCES FROM HOMELESS PREVENTION TO HOME OWNERSHIP TO ENABLE HOUSEHOLDS TO ACCESS AFFORDABLE HOUSING OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $4,176,937 Revenue: $4,088,782

HOMELESS PREVENTION PROGRAMS TO ASSIST LOW AND VERY LOW INCOME HOUSEHOLDS TO OBTAIN AND MAINTAIN PERMANENT HOUSING. PRE-PURCHASE WORKSHOPS, FINANCIAL LITERACY, AND VETERANS SUPPORT SERVICES ARE...

HOMELESS PREVENTION PROGRAMS TO ASSIST LOW AND VERY LOW INCOME HOUSEHOLDS TO OBTAIN AND MAINTAIN PERMANENT HOUSING. PRE-PURCHASE WORKSHOPS, FINANCIAL LITERACY, AND VETERANS SUPPORT SERVICES ARE PROVIDED TO MONTEREY COUNTY AND OTHER SURROUNDING AREA RESIDENTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $325,685

Program Service Revenue $4,088,782

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,414,467

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,286,017

Fundraising Expenses $0

Program Expenses $4,176,937

Other Expenses $2,965,549

TOTAL EXPENSES $4,251,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,414,467	$4,585,451	0.0%
Expenses	$4,251,566	$4,560,707	-0.1%
Net Income	$162,901	$24,744	+5.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA BERKLEY	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JOE SERVI	TREASURER	1.00	Officer Director	$0	$0	$0
KELLIE MORGANTINI	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ANNA VELAZQUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANETTE CAGUAIT	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA ZISKA-MARCHAND	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM ANDREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICA JONES	VICE CHAIR	1.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$4,414,467	$4,251,566	$1,341,100	$162,901
2022	$4,585,451	$4,560,707	$1,280,200	$24,744
2021	$4,680,244	$4,345,886	$933,269	$334,358
2020	$2,418,494	$2,491,112	$365,274	$-72,618
2019	$1,683,175	$1,530,280	$261,758	$152,895
2018	$1,207,949	$1,429,310	$180,685	$-221,361

HOUSING RESOURCE CENTER OF MONTEREY COUN