ASPIRE COMMUNITY HOUSING AND ECONOMIC DEVELOPMENT ORGANIZATION INC

EIN: 262190732 501(c)(3) Housing & Shelter

RIVERSIDE, CA

Total Revenue
$612,227
Total Expenses
$603,812
Total Assets
$4,283,308
Net Assets
$-491,777
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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
2009
Legal Domicile
CA
Principal Officer
DOM BETRO
Phone
9512835958
Tax Period
2024-07-01 to 2025-06-30

ASPIRE COMMUNITY HOUSING AND ECONOMIC DEVELOPMENT ORGANIZATION INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $612K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ASPIRE'S MISSION IS TO CREATE STABLE AND VIBRANT COMMUNITIES BY DEVELOPING AND/OR PROVIDING AFFORDABLE HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME FAMILIES, VETERANS, SENIORS AND INDIVIDUALS WITH SPECIAL NEEDS IN THE INLAND EMPIRE REGION OF SOUTHERN CALIFORNIA.

Program Service Accomplishments

Program 1
Expenses: $491,620 Revenue: $612,227

CONTINUED STABILIZATION OF RENTS RELATIVE TO MARKET RATES FOR MARKET UNITS AND AMI ALLOWABLE RENT LEVELS FOR AFFORDABLE UNITS FOR GRAND VILLAS COMPLEX.

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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 $0
Program Service Revenue $607,709
Investment Income $0
Other Revenue $4,518
TOTAL REVENUE $612,227

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $491,620
Other Expenses $603,812
TOTAL EXPENSES $603,812

Year-over-Year Comparison

2024 2023 Change
Revenue $612,227 $562,696 +0.1%
Expenses $603,812 $601,075 +0.0%
Net Income $8,415 $-38,379 -1.2%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOM BETRO CHAIRMAN 5.00
Officer Director
$0 $0 $0
EDWARD L FLORES VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
ALEX ESTRADA MEMBER 1.00
Director
$0 $0 $0
WILFREDO TRIVINO PEREZ ESQ MEMBER 1.00
Director
$0 $0 $0
DIANE COTTO TREASURER 2.00
Officer Director
$0 $0 $0
ELLIE BENNETT SECRETARY 2.00
Officer Director
$0 $0 $0
MARY URENA MEMBER 1.00
Director
$0 $0 $0
LUKE ROBINSON MEMBER 1.00
Director
$0 $0 $0
EDUARDO BRUGMAN MEMBER 1.00
Director
$0 $0 $0
JOHN THOMAS MEMBER 1.00
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
2025 $612,227 $603,812 $4,283,308 $8,415
2024 $562,696 $601,075 $4,425,005 $-38,379
2023 $540,586 $1,027,236 $5,084,326 $-486,650
2022 $495,534 $564,488 $5,287,581 $-68,954
2021 $499,237 $533,097 $4,731,488 $-33,860
2019 $606,951 $550,666 $4,997,983 $56,285
2018 $484,119 $453,246 $5,206,351 $30,873
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