PICO UNION HOUSING CORPORATION (EIN 237113307) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Phone

2137472790

Tax Period

2023-04-01 to 2024-03-31

PICO UNION HOUSING CORPORATION, founded in 1971, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.3M in total revenue in fiscal year 2023. Expenses of $21.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

To provide affordable low income rental housing to qualified low income individuals and families and various social services to undeserved community.

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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 $5,305,746

Program Service Revenue $9,948,776

Investment Income $91,209

Other Revenue $0

TOTAL REVENUE $15,345,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,199,604

Fundraising Expenses $0

Program Expenses $21,513,921

Other Expenses $17,512,182

TOTAL EXPENSES $21,711,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,345,731	$14,487,431	+0.1%
Expenses	$21,711,786	$22,686,566	0.0%
Net Income	$-6,366,055	$-8,199,135	-0.2%

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

$800,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
1Gloria Farias	Executive Director	55.00	Officer	$800,000	$0	$800,000
2Mario Morales	President	5.00	Officer Director	$0	$0	$0
3Wilfrido Pineda	Treasurer	3.00	Officer Director	$0	$0	$0
4Rosa NOVOA	Secretary	3.00	Officer Director	$0	$0	$0
5Esperanza Bello Cortez	Board Member	3.00	Director	$0	$0	$0
6 Celia Ramirez	Board Member	3.00	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	$15,345,731	$21,711,786	$143,060,986	$-6,366,055
2024	$14,203,012	$15,512,485	$143,778,629	$-1,309,473
2023	$14,487,431	$22,686,566	$137,808,245	$-8,199,135
2022	$17,120,613	$20,466,894	$136,637,775	$-3,346,281
2021	$13,772,739	$16,100,676	$136,534,243	$-2,327,937

PICO UNION HOUSING CORPORATION