MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION

EIN: 202685023 501(c)(3) Housing & Shelter

SALINAS, CA

Total Revenue
$14,114,412
Total Expenses
$3,923,975
Total Assets
$79,409,391
Net Assets
$53,120,360
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
CA
Principal Officer
ZULIEKA BOYKIN
Phone
8317755000
Tax Period
2024-07-01 to 2025-06-30

MONTEREY COUNTY HOUSING AUTHORITY DEVELOPMENT CORPORATION, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.1M in total revenue in fiscal year 2024. Revenue surged 278% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10.2M, a strong 72% operating margin.

Mission

TO ACQUIRE, REHABILITATE, DEVELOP, OWN AND OPERATE AFFORDABLE HOUSING AND THE PROVISIONS OF RELATED SERVICES FOR LOW-, VERY LOW-, AND MODERATE-INCOME HOUSEHOLDS WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH HOUSEHOLDS. THESE SERVICES ARE FOR AND ON BEHALF OF THE HOUSING AUTHORITY OF THE COUNTY OF MONTEREY, THE CITY OF SOLEDAD HOUSING AUTHORITY, OTHER POLITICAL SUBDIVISIONS OF THE STATE OF CALIFORNIA, AND NONPROFIT CORPORATIONS, WHICH ARE EXEMPT FROM FEDERAL TAX UNDER SECTION 501(C)(3) OF THE CODE OR SUCCESSOR PROVISION, AND TO CARRY ON OTHER CHARITABLE ACTIVITIES ASSOCIATED WITH THESE GOALS AS ALLOWED BY LAW.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,778,007
Program Service Revenue $2,336,405
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,114,412

Expense Breakdown

Grants Paid $0
Salaries & Benefits $805,730
Fundraising Expenses $0
Program Expenses $2,266,572
Other Expenses $3,118,245
TOTAL EXPENSES $3,923,975

Year-over-Year Comparison

2024 2023 Change
Revenue $14,114,412 $3,735,652 +2.8%
Expenses $3,923,975 $3,167,983 +0.2%
Net Income $10,190,437 $567,669 +17.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
101
Volunteers
N/A

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
3
$135,031
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YURI ANDERSON VICE-CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
KEVIN HEALY DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN BALLESTEROS DIRECTOR 1.00
Director
$0 $0 $0
HANS BUDER DIRECTOR 1.00
Director
$0 $0 $0
MARIA OROZCO DIRECTOR 1.00
Director
$0 $0 $0
FRANCINE GOODWIN CHAIR OF THE BOARD 1.00
Officer Director
$0 $0 $0
ZULIEKA BOYKIN EXECUTIVE DIRECTOR 20.00
Officer
$135,031 $0 $135,031
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
2025 $14,114,412 $3,923,975 $79,409,391 $10,190,437
2024 $3,735,652 $3,167,983 $69,155,951 $567,669
2023 $4,027,332 $3,504,798 $66,117,558 $522,534
2022 $2,516,931 $3,604,411 $82,646,561 $-1,087,480
2021 $14,098,847 $1,525,020 $74,874,742 $12,573,827
2020 $4,008,634 $1,822,629 $37,878,498 $2,186,005
2019 $2,827,086 $1,767,515 $35,813,024 $1,059,571
2018 $10,199,759 $2,666,868 $34,989,893 $7,532,891
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