DRAKE'S WAY EAH INC

EIN: 271359232 501(c)(3) Housing & Shelter

SAN RAFAEL, CA

Total Revenue
$2,277,255
Total Expenses
$2,737,301
Total Assets
$-104,141
Net Assets
$-413,574
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
STACEY SMITH
Phone
4152581800
Tax Period
2024-01-01 to 2024-12-31

DRAKE'S WAY EAH INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PERFORM THE CHARITABLE FUNCTIONS OF AND CARRY OUT THE CHARITABLE PURPOSES OF EAH INC., A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION WHICH PROVIDES LOW-INCOME HOUSING.

Program Service Accomplishments

Program 1
Expenses: $2,620,127 Revenue: $2,256,250

THE CORPORATION SERVES AS THE GENERAL PARTNER FOR A LIMITED PARTNERSHIP WHICH PROVIDES 24 UNITS OF LOW-INCOME HOUSING IN LARKSPUR, CA. THE CORPORATION ALSO SERVES AS A LIMITED PARTNER FOR A LIMITED...

Read more

THE CORPORATION SERVES AS THE GENERAL PARTNER FOR A LIMITED PARTNERSHIP WHICH PROVIDES 24 UNITS OF LOW-INCOME HOUSING IN LARKSPUR, CA. THE CORPORATION ALSO SERVES AS A LIMITED PARTNER FOR A LIMITED PARTNERSHIP WHICH PROVIDES 112 UNITS OF LOW-INCOME HOUSING IN DUBLIN, CA.

Program 2
Expenses: $117,174

THE CORPORATION PROVIDED GENERAL SUPPORT TO EAH INC., A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF EAH INC.'S EXEMPT PURPOSE OF PROVIDING AFFORDABLE HOUSING TO...

Read more

THE CORPORATION PROVIDED GENERAL SUPPORT TO EAH INC., A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF EAH INC.'S EXEMPT PURPOSE OF PROVIDING AFFORDABLE HOUSING TO ELDERLY, VERY LOW, LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $750
Program Service Revenue $2,256,250
Investment Income $20,255
Other Revenue $0
TOTAL REVENUE $2,277,255

Expense Breakdown

Grants Paid $117,174
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,737,301
Other Expenses $2,620,127
TOTAL EXPENSES $2,737,301

Year-over-Year Comparison

2024 2023 Change
Revenue $2,277,255 $2,182,960 +0.0%
Expenses $2,737,301 $2,331,783 +0.2%
Net Income $-460,046 $-148,823 +2.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$1,264,804
Total Directors
3
$1,264,804
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACEY SMITH PRESIDENT 0.10
Officer Director
$0 $25,132 $236,757
LAURA HALL VP/SECRETARY 0.10
Officer Director
$0 $47,351 $673,413
KATHERINE FLEMING VP/TREASURER 0.10
Officer Director
$0 $46,064 $354,634
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 $2,277,255 $2,737,301 $-104,141 $-460,046
2023 $2,182,960 $2,331,783 $375,563 $-148,823
2022 $2,041,699 $2,140,254 $230,745 $-98,555
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare DRAKE'S WAY EAH INC with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.