SOUTHERN CALIFORNIA HOUSING DEVELOPMENT CORPORATION OF THE INLAND EMPIRE

EIN: 311628701 501(c)(3) Housing & Shelter

RANCHO CUCAMONGA, CA

Total Revenue
$531,918
Total Expenses
$3,835,537
Total Assets
$7,685,852
Net Assets
$-6,617,822
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
TOM PENTOLINO
Phone
9094832444
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN CALIFORNIA HOUSING DEVELOPMENT CORPORATION OF THE INLAND EMPIRE, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $532K in total revenue in fiscal year 2023. Expenses of $3.8M exceeded revenue, resulting in a 621% operating deficit.

Mission

PROVIDING AFFORDABLE RENTAL HOUSING THAT EMPOWERS LOW-INCOME RESIDENTS AND CHANGES COMMUNITIES.

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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 $371,550
Investment Income $160,368
Other Revenue $0
TOTAL REVENUE $531,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,835,077
Other Expenses $3,835,537
TOTAL EXPENSES $3,835,537

Year-over-Year Comparison

2023 2022 Change
Revenue $531,918 N/A N/A
Expenses $3,835,537 N/A N/A
Net Income $-3,303,619 $0 N/A
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
12
Independent Members
12
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
5
$979,984
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY BURUM CHAIRMAN OF THE BOARD 1.00
Director
$0 $0 $0
ARMANDO BUCELO BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES CASHION BOARD MEMBER 1.00
Director
$0 $0 $0
GAVIN CLINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
RAYMOND CREBS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA KURTZ KUHNS BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN G LARSON BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN BURTON BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD DAWSON BOARD MEMBER 1.00
Director
$0 $0 $0
VENUS LUJAN BOARD MEMBER 1.00
Director
$0 $0 $0
NORA MENDEZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOVITA SCHOFIELD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL FINN CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $30,000 $241,472
ROBERT DIAZ EXECUTIVE VP, SECRETARY AND GENERAL COUNSEL 0.90
Officer
$0 $20,727 $267,382
MICHAEL RUANE PRESIDENT 1.00
Officer
$0 $26,000 $244,230
DORETTA BRYAN ASSISTANT SECRETARY 1.70
Officer
$0 $22,732 $153,438
DEVIN WRIGHT ASSISTANT SECRETARY 2.30
Officer
$0 $0 $73,462
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 No data No data No data No data
2023 $531,918 $3,835,537 $7,685,852 $-3,303,619
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