CASA DE CORAZONES INC CO HIGH DESE… - Form 990 Financial Data

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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

2003

Legal Domicile

Principal Officer

KARA SUMMERS

Phone

5054521553

Tax Period

2024-01-01 to 2024-12-31

CASA DE CORAZONES INC CO HIGH DESERT HOUSING, founded in 2003, is a small nonprofit in the Mental Health sector that reported $130K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $165K exceeded revenue, resulting in a 26% operating deficit.

Mission

ESTABLISH, MAINTAIN AND OPERATE A PROGRAM TO PROVIDE AFFORDABLE HOUSING FOR THE DISABLED, INDIGENT AND UNDERPRIVELEGED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT

Program Service Accomplishments

Program 1

Expenses: $164,540 Revenue: $130,375

HOUSING PROJECT OCCUPIED BY VERY LOW INCOME AND DISABLED PERSONS AND IN COMPLIANCE WITH REGULATORY AGREEMENT

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $130,232

Investment Income $132

Other Revenue $10

TOTAL REVENUE $130,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,812

Fundraising Expenses $0

Program Expenses $164,540

Other Expenses $126,728

TOTAL EXPENSES $164,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$130,374	$145,987	-0.1%
Expenses	$164,540	$182,839	-0.1%
Net Income	$-34,166	$-36,852	-0.1%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DRUM	DIRECTOR	2.00	Director	$0	$0	$0
KARA SUMMERS	PRESIDENT	4.00	Officer 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
2024	$130,374	$164,540	$955,605	$-34,166
2023	$145,987	$182,839	$990,648	$-36,852
2022	$141,304	$178,224	$1,022,061	$-36,920
2021	$138,803	$173,766	$1,070,995	$-34,963
2020	$140,075	$156,530	$1,078,453	$-16,455
2019	$140,412	$163,445	$1,087,902	$-23,033
2018	$136,071	$170,052	$1,119,578	$-33,981

CASA DE CORAZONES INC CO HIGH DESERT HOUSING