TUCSON, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SONRISA APARTMENTS INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $136K in total revenue in fiscal year 2022. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $179K exceeded revenue, resulting in a 32% operating deficit.
TO PROVIDE PERSONS WITH SERIOUS MENTAL ILLNESS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN THE COMMUNITY.
SONRISA APARTMENTS, INC. IS AN ARIZONA NONPROFIT CORPORATION, ESTABLISHED, AS REQUIRED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS A SINGLE-PURPOSE ENTITY TO DEVELOP, OWN AND...
SONRISA APARTMENTS, INC. IS AN ARIZONA NONPROFIT CORPORATION, ESTABLISHED, AS REQUIRED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS A SINGLE-PURPOSE ENTITY TO DEVELOP, OWN AND OPERATE A 10-UNIT FACILITY OF MULTI-FAMILY HOUSING IN THE CITY OF TUCSON, PIMA COUNTY, STATE OF ARIZONA, PURSUANT TO HUD'S SECTION 811, SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES PROGRAM. 100% OF THE UNITS ARE OCCUPIED BY PERSONS WHO ARE SERIOUSLY MENTALLY ILL, CAPABLE OF INDEPENDENT LIVING, AND WHO QUALIFY AS "VERY LOW-INCOME" AS DEFINED UNDER SECTION 3(B)(2) OF THE UNITED STATES HOUSING ACT OF 1937 (I.E. THOSE WHOSE INCOME LEVEL IS AT OR BELOW 50% OF THE MEDIAN FAMILY INCOME FOR THE AREA). IN ADDITION TO MUCH NEEDED HOUSING, THE RESIDENTS ARE ALSO PROVIDED WITH SUPPORTIVE SERVICES SPECIFICALLY DESIGNED TO MEET PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THE HEALTH, SECURITY, HAPPINESS AND USEFULNESS OF THEIR LIVES.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $135,755 | $105,934 | +0.3% |
| Expenses | $179,157 | $169,541 | +0.1% |
| Net Income | $-43,402 | $-63,607 | -0.3% |
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 |
|---|---|---|---|---|---|---|
| BRANDT HAZEN | CHAIRMAN OF THE BOARD | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| BRETT RUSTAND | VICE CHAIRMAN | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| MIMI COOMLER | SECRETARY | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| GREG BRYSON | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| TERRANCE WATKINS | DIRECTOR | 0.50 |
Director
|
$0 | $8,486 | $82,378 |
| ROSE LOPEZ | PRESIDENT & CEO | 0.50 |
Officer
|
$0 | $8,192 | $397,470 |
| JIM VITT | CFO | 0.50 |
Officer
|
$0 | $13,212 | $182,399 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $135,755 | $179,157 | $1,691,778 | $-43,402 |
| 2022 | $105,934 | $169,541 | $1,721,889 | $-63,607 |
| 2021 | $80,501 | $150,614 | $1,769,337 | $-70,113 |
| 2020 | $82,176 | $154,309 | $1,823,052 | $-72,133 |
| 2019 | $73,148 | $147,980 | $1,890,395 | $-74,832 |
| 2018 | $76,775 | $153,478 | $1,931,486 | $-76,703 |
Compare SONRISA APARTMENTS INC with other nonprofits in Arizona and across the country.