SDBTC FAMILY HOUSING CORP TWO

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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

1979

Legal Domicile

Principal Officer

CAROL KIM

Phone

6194773114

Tax Period

2024-01-01 to 2024-12-31

SDBTC FAMILY HOUSING CORP TWO, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. The organization ran a surplus of $961K, a strong 25% operating margin.

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $2,451,450 Revenue: $3,801,481

TO PROVIDE AFFORDABLE RENTAL HOUSING FOR LOW TO MODERATE INCOME FAMILIES.

Program 2

COMMUNITY OUTREACH - THE EDUCATION AND ENGAGEMENT OF VARIOUS COMMUNITY STAKEHOLDERS, ON ISSUES PERTAINING TO THE NEED FOR AND DEVELOPMENT OF AFFORDABLE HOUSING SERVICES AND OTHER OPPORTUNITIES FOR...

COMMUNITY OUTREACH - THE EDUCATION AND ENGAGEMENT OF VARIOUS COMMUNITY STAKEHOLDERS, ON ISSUES PERTAINING TO THE NEED FOR AND DEVELOPMENT OF AFFORDABLE HOUSING SERVICES AND OTHER OPPORTUNITIES FOR LOW TO MODERATE INCOME POPULATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,801,481

Investment Income $47,483

Other Revenue $0

TOTAL REVENUE $3,848,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,383

Fundraising Expenses $0

Program Expenses $2,451,450

Other Expenses $2,813,448

TOTAL EXPENSES $2,887,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,848,964	$3,725,035	+0.0%
Expenses	$2,887,831	$2,014,098	+0.4%
Net Income	$961,133	$1,710,937	-0.4%

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

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

$391,467

Total Directors

$212,288

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL KIM	CEO	40.00	Officer Director	$0	$54,719	$212,288
DAVE GAUTHIER	DIRECTOR	4.00	Director	$0	$0	$0
BEAU COLEMAN	DIRECTOR	4.00	Director	$0	$0	$0
JEREMY ABRAMS	DIRECTOR	4.00	Director	$0	$0	$0
PAUL COLMENERO	DIRECTOR	4.00	Director	$0	$0	$0
VAL MACEDO	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTIAN BETANCOURT	DIRECTOR	4.00	Director	$0	$0	$0
DAVID ZEPEDA	DIRECTOR	4.00	Director	$0	$0	$0
STEVE BERINGER	DIRECTOR	4.00	Director	$0	$0	$0
JODI BARTHOLD	CFOO	40.00	Officer	$0	$23,179	$179,179
MATTHEW GONZALEZ	REHAB PROJECT MANAGER	40.00	Highest	$0	$22,519	$137,994

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	$3,848,964	$2,887,831	$9,245,409	$961,133
2023	$3,725,035	$2,014,098	$7,964,919	$1,710,937
2022	$3,275,210	$2,795,077	$6,650,710	$480,133
2021	$2,204,932	$2,011,898	$6,074,637	$193,034
2021	$3,282,843	$2,588,343	$5,809,453	$694,500
2020	$3,496,819	$2,682,504	$4,883,097	$814,315
2019	$3,131,938	$2,762,803	$4,060,713	$369,135
2018	$2,989,527	$2,581,060	$3,666,292	$408,467