ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION (EIN 330515218) - 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

1991

Legal Domicile

Principal Officer

SEAN SPEAR

Phone

6192826647

Tax Period

2023-01-01 to 2023-12-31

ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 344% from the prior year, signaling strong growth momentum. Net assets of $89.6M represent 229 months of operating reserves.

Mission

TO CREATE AFFORDABLE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS, THROUGH DEVELOPMENT, OWNERSHIP, ACQUISITION, LENDING AND INVESTMENT AND TO PROMOTE COMMUNITY DEVELOPMENT TO IMPROVE HOUSING AND ECONOMIC CONDITIONS OF THE UNDERPRIVILEGED.

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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 $0

Program Service Revenue $4,697,340

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,697,340

Expense Breakdown

Grants Paid $1,274,621

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,708,562

Other Expenses $3,433,941

TOTAL EXPENSES $4,708,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,697,340	$1,058,745	+3.4%
Expenses	$4,708,562	$3,573,634	+0.3%
Net Income	$-11,222	$-2,514,889	-1.0%

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

$743,818

Total Directors

$416,759

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN SPEAR	PRESIDENT & CEO	1.00	Officer Director	$0	$27,379	$416,759
DON AMBROSE	SECRETARY	1.00	Officer Director	$0	$0	$0
NONI RAMOS	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN KAY CFO	CFO	1.00	Officer	$0	$25,820	$327,059

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	$4,697,340	$4,708,562	$171,394,736	$-11,222
2022	$1,058,745	$3,573,634	$55,504,610	$-2,514,889
2021	$882,602	$1,634,465	$51,473,357	$-751,863
2020	$835,773	$3,677,955	$51,920,065	$-2,842,182
2019	$37,987,016	$6,818,714	$50,135,803	$31,168,302
2018	$6,653,780	$4,655,048	$51,948,382	$1,998,732

ESPERANZA HOUSING AND COMMUNITY DEVELOPMENT CORPORATION