CORONA COMMUNITY VILLAS INC

EIN: 330040696 501(c)(3) Housing & Shelter

LOMA LINDA, CA

Total Revenue
$1,687,375
Total Expenses
$2,109,665
Total Assets
$22,838,764
Net Assets
$-178,848
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CA
Principal Officer
THOMAS K MACOMBER JD
Phone
9513425800
Tax Period
2023-01-01 to 2023-12-31

CORONA COMMUNITY VILLAS INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 299% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 25% operating deficit.

Mission

TO PROVIDE LONG-TERM CARE AND ASSISTED LIVING FACILITY TO THE SENIOR MEMBERS OF THE COMMUNITY.

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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 $1,674,756
Investment Income $12,619
Other Revenue $0
TOTAL REVENUE $1,687,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,267
Fundraising Expenses $1,833
Program Expenses $2,106,921
Other Expenses $2,082,398
TOTAL EXPENSES $2,109,665

Year-over-Year Comparison

2023 2022 Change
Revenue $1,687,375 $422,818 +3.0%
Expenses $2,109,665 $672,972 +2.1%
Net Income $-422,290 $-250,154 +0.7%
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
10
Employees
N/A
Volunteers
11

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
$177,855
Total Directors
12
$191,605
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS K MACOMBER JD PRESIDENT 4.00
Officer Director
$21,157 $16,800 $134,289
DANETTE ZUREK CFO 1.00
Officer Director
$400 $0 $36,066
CHARLES SANDEFUR CHAIRMAN 3.00
Officer Director
$250 $0 $2,500
ELLEN H BRODERSEN CPA TREASURER 2.00
Officer Director
$250 $0 $2,500
RICHARD WS PERSHING SECRETARY 2.00
Officer Director
$250 $0 $2,500
DEBRA BRILL DIRECTOR 2.00
Director
$150 $0 $1,500
MYRNA COSTA DIRECTOR 2.00
Director
$200 $0 $2,000
BRAD FORBES DIRECTOR 2.00
Director
$250 $0 $2,500
DARRIEL HOY DIRECTOR 2.00
Director
$250 $0 $2,500
MARISSA LESLIE DIRECTOR 2.00
Director
$250 $0 $2,500
LISA BISSELL PAULSON DIRECTOR 2.00
Director
$250 $0 $2,500
KARI STAFFER DIRECTOR 2.00
Director
$250 $0 $250
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 $1,687,375 $2,109,665 $22,838,764 $-422,290
2022 $1,680,354 $3,078,913 $19,264,112 $-1,398,559
2022 $422,818 $672,972 $20,378,648 $-250,154
2021 $-511,381 $85,613 $19,554,181 $-596,994
2020 $-826,073 $66,324 $13,415,394 $-892,397
2019 $14,736,775 $229,605 $13,153,521 $14,507,170
2018 $626,164 $545,443 $923,115 $80,721
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