COMMUNITY HOUSING WORKS (EIN 330317950) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

BRIAN KAY

Phone

6192826647

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY HOUSING WORKS, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $29.6M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $15.5M, a strong 53% operating margin.

Mission

COMMUNITY HOUSINGWORKS HELPS PEOPLE LIVING ON LOW WAGES AND FIXED INCOMES MOVE UP IN THE WORLD, IN SAN DIEGO AND ACROSS CALIFORNIA, BY BUILDING AND OWNING STABLE AFFORDABLE APARTMENT HOMES AND PROVIDING ONSITE SERVICES AND OPPORTUNITIES FOR RESIDENTS TO ACHIEVE THEIR DREAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,008,755

Program Service Revenue $23,970,092

Investment Income $1,566,237

Other Revenue $43,650

TOTAL REVENUE $29,588,734

Expense Breakdown

Grants Paid $46,539

Salaries & Benefits $10,510,746

Fundraising Expenses $690,559

Program Expenses $11,957,957

Other Expenses $3,496,348

TOTAL EXPENSES $14,053,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,588,734	$22,228,985	+0.3%
Expenses	$14,053,633	$12,545,550	+0.1%
Net Income	$15,535,101	$9,683,435	+0.6%

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

Volunteers

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

$1,062,627

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON AMBROSE	BOARD CHAIR	1.00	Director	$0	$0	$0
KEN KRUG	SECRETARY	1.00	Director	$0	$0	$0
CHRISTIE AULT	TREASURER	1.00	Director	$0	$0	$0
SILVIA CALZADA	COMMUNITY REPRESENTATIVE	1.00	Director	$0	$0	$0
ANTONIO BARBOSA	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON BLACK	DIRECTOR	1.00	Director	$0	$0	$0
ROBBIE CALDERON-HASS	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR EVANS	DIRECTOR	1.00	Director	$0	$0	$0
RICARDO FLORES	DIRECTOR	1.00	Director	$0	$0	$0
PAULINE HASSAN BURKEY	DIRECTOR	1.00	Director	$0	$0	$0
MARIA HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
TED A HOLMAN	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA NUGENT	DIRECTOR	1.00	Director	$0	$0	$0
SANAT PATEL	DIRECTOR	1.00	Director	$0	$0	$0
DINORA REYNA GUTIERREZ	DIRECTOR	1.00	Director	$0	$0	$0
SEAN SPEAR	PRESIDENT & CEO	39.00	Officer	$389,380	$27,379	$416,759
BRIAN KAY	CFO	39.00	Officer	$301,239	$25,820	$327,059
SOCHIATA VUTTHY	COO	39.00	Officer	$297,346	$21,463	$318,809
CHRISTOPHER JOHNSTON	VP ASSET MANAGEMENT	40.00	Highest	$264,571	$22,726	$287,297
JANETTE HAASE	VP PEOPLE AND CULTURE	40.00	Highest	$213,956	$21,080	$235,036
STEPHEN SWIECICKI	VP FORWARD PLANNING	40.00	Highest	$233,194	$9,996	$243,190
ANNA SLABY	VP DEVELOPMENT	40.00	Highest	$211,047	$28,665	$239,712
KATHERINE GRISWOLD	VP PHILANTHROPY AND COMMUNITY ENGAGEMENT	40.00	Highest	$198,546	$32,025	$230,571

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	$29,588,734	$14,053,633	$130,391,040	$15,535,101
2022	$22,228,985	$12,545,550	$117,905,951	$9,683,435
2021	$24,378,834	$11,823,071	$116,449,453	$12,555,763
2020	$30,379,494	$11,239,121	$104,897,847	$19,140,373
2019	$15,852,632	$9,763,618	$83,341,055	$6,089,014
2018	$17,272,304	$8,330,025	$73,449,989	$8,942,279

COMMUNITY HOUSING WORKS