Western Developments for Affordable Housing

EIN: 330478928 501(c)(3) Housing & Shelter

Costa Mesa, CA

Total Revenue
$175,912
Total Expenses
$146,359
Total Assets
$205,958
Net Assets
$205,958
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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
1990
Legal Domicile
CA
Principal Officer
Julio Macedo
Tax Period
2023-01-01 to 2023-12-31

Western Developments for Affordable Housing, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $176K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 17% operating margin.

Mission

LOW INCOME HOUSING RENTAL OF MULTI-UNIT APARTMENT BUILDINGS TO ELIGIBLE LOW INCOME FAMILIES

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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 $175,912
Investment Income $0
Other Revenue $0
TOTAL REVENUE $175,912

Expense Breakdown

Grants Paid $0
Salaries & Benefits $84,000
Fundraising Expenses $0
Program Expenses $146,359
Other Expenses $62,359
TOTAL EXPENSES $146,359

Year-over-Year Comparison

2023 2022 Change
Revenue $175,912 $168,456 +0.0%
Expenses $146,359 $140,607 +0.0%
Net Income $29,553 $27,849 +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

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Governance

Voting Members
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julio Macedo Executive Officer 20.00
Officer
$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 No data No data No data No data
2023 $175,912 $146,359 $205,958 $29,553
2022 $168,456 $140,607 $265,748 $27,849
2021 $209,858 $270,406 $237,899 $-60,548
2020 $246,575 $179,969 $335,720 $66,606
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