WALNUT CREEK, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARRISON STREET SENIOR HOUSING CORP, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $40K in total revenue in fiscal year 2024. Revenue surged 127% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 2829% operating deficit.
THE SPECIFIC AND PRIMARY PURPOSES FOR WHICH THIS CORPORATION IS FORMED ARE TO (1) PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; (2) PROVIDE DECENT, SAFE AND SANITARY HOUSING FOR LOW INCOME PERSONS; (3) ASSIST LOW INCOME HOUSEHOLDS BY ENABLING THEM TO SECURE THE BASIC HUMAN NEED OF DECENT SHELTER; AND (4) PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR ECONOMIC, PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER INDEPENDENT LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS; AND (5) ACT AS THE GENERAL PARTNER OF A LIMITED PARTNERSHIP TO OWN ONE OR MORE AFFORDABLE HOUSING DEVELOPMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $39,671 | $17,447 | +1.3% |
| Expenses | $1,161,991 | $214,827 | +4.4% |
| Net Income | $-1,122,320 | $-197,380 | +4.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RAFAEL MICOLESCU | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MANDY LAMMERS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA WELLS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE GRIFFITH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $39,671 | $1,161,991 | $40,146 | $-1,122,320 |
| 2023 | $17,447 | $214,827 | $419,234 | $-197,380 |
| 2022 | $28,102 | $28,169 | $596,141 | $-67 |
| 2021 | $27,037 | $27,092 | $594,446 | $-55 |
| 2020 | $36,384 | $36,452 | $603,848 | $-68 |
| 2019 | $34,338 | $34,396 | $601,863 | $-58 |
| 2018 | $29,851 | $29,909 | $597,435 | $-58 |
Compare HARRISON STREET SENIOR HOUSING CORP with other nonprofits in California and across the country.