BHS COMMUNITY DEVELOPMENT CORPORATION

EIN: 263188804 501(c)(3) Housing & Shelter

LONG BEACH, CA

Total Revenue
$450,600
Total Expenses
$543,973
Total Assets
$8,467,957
Net Assets
$-178,811
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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
2008
Legal Domicile
CA
Principal Officer
DENISE SHOOK
Phone
3108731600
Tax Period
2023-07-01 to 2024-06-30

BHS COMMUNITY DEVELOPMENT CORPORATION, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $451K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $544K exceeded revenue, resulting in a 21% operating deficit.

Mission

BHS COMMUNITY DEVELOPMENT CORPORATIONS IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO ENGAGE IN ECONOMIC AND COMMUNITY DEVELOPMENT. THE PURPOSE OF THIS CORPORATION INCLUDES BUT IS NOT LIMITED TO: INCREASE AWARENESS AND SUPPORT COMMUNITY INVOLVEMENT IN DEVELOPMENT AND REDEVELOPMENT ACTIVITIES. TO FACILITATE JOB GROWTH IN UNDERSERVED AREAS THROUGH STABLE HOUSING, JOB TRAINING, AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $504,154 Revenue: $450,600

INCREASE AWARENESS AND SUPPORT COMMUNITY INVOLVEMENT IN DEVELOPMENT AND REDEVELOPMENT ACTIVITIES AND TO FACILITATE JOB GROWTH IN UNDERSERVED AREAS THROUGH STABLE HOUSING, JOB TRAINING, AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $336,600
Investment Income $114,000
Other Revenue $0
TOTAL REVENUE $450,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $504,154
Other Expenses $543,973
TOTAL EXPENSES $543,973

Year-over-Year Comparison

2023 2022 Change
Revenue $450,600 $384,000 +0.2%
Expenses $543,973 $379,981 +0.4%
Net Income $-93,373 $4,019 -24.2%
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
3
Independent Members
2
Employees
N/A
Volunteers
4

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
5
$638,302
Total Directors
4
$538,678
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLEY SUMMERS CEO/PRESIDENT (THRU 8/23) 2.50
Officer Director
$0 $7,767 $290,194
KEITH KENNEDY CHAIR 2.00
Officer Director
$0 $0 $0
DAVID GASCON BOARD MEMBER 2.00
Director
$0 $0 $0
DENISE SHOOK CEO/PRESIDENT (AS OF 8/23) 2.50
Officer Director
$0 $1,623 $248,484
TODD TURLEY CFO/VP OF FINANCE 2.50
Officer
$0 $0 $0
ANDREA JONES CFO (AS OF 06/23) 2.50
Officer
$0 $4,109 $99,624
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 No data No data No data No data
2024 $450,600 $543,973 $8,467,957 $-93,373
2023 $384,000 $379,981 $6,786,259 $4,019
2022 $368,250 $416,068 $6,184,584 $-47,818
2021 $338,000 $360,807 $6,592,474 $-22,807
2020 $339,447 $380,892 $7,050,089 $-41,445
2019 $370,857 $341,990 $5,318,085 $28,867
2018 $340,484 $280,741 $4,088,651 $59,743
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