15TH AVENUE HOUSING COOPERATIVE

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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

1993

Legal Domicile

Principal Officer

ALMA CRUZ

Phone

6192947200

Tax Period

2023-01-01 to 2023-12-31

15TH AVENUE HOUSING COOPERATIVE, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $238K in total revenue in fiscal year 2023.

Mission

THE COOPERATIVE'S PURPOSE IS TO OWN AND PROVIDE ITS MEMBERS WITH LIMITED EQUITY COOPERATIVE HOUSING AND COMMUNITY FACILITIES ON A NONPROFIT BASIS IN ORDER TO MAINTAIN THE AFFORDABILITY. THE COOPERATIVE OWNS AND OPERATES A 16 UNIT APARTMENT COMPLEX LOCATED IN ESCONDIDO, CALIFORNIA, PURSUANT IN PART, TO A REGULATORY AGREEMENT WITH THE CITY OF ESCONDIDO.

Program Service Accomplishments

Program 1

Expenses: $190,394 Revenue: $237,736

TO RAISE THE ECONOMIC, EDUCATIONAL, AND SOCIAL LEVEL OF THE RESIDENTS OF SAN DIEGO COUNTY BY CONSTRUCTING, REHABILITATING, AND PROVIDING AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS.

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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 $237,736

Investment Income $67

Other Revenue $0

TOTAL REVENUE $237,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,358

Fundraising Expenses $0

Program Expenses $190,394

Other Expenses $174,918

TOTAL EXPENSES $231,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,803	$223,628	+0.1%
Expenses	$231,276	$239,907	0.0%
Net Income	$6,527	$-16,279	-1.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALMA CRUZ	PRESIDENT	1.00	Officer	$0	$0	$0
NAZARIO GARCIA REYES	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RUBEN GARCIA	TREASURER	1.00	Officer	$0	$0	$0
LAZARO CRUZ	SECRETARY	1.00	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	$237,803	$231,276	$801,472	$6,527
2022	$223,628	$239,907	$806,651	$-16,279
2021	$215,243	$233,378	$824,153	$-18,135
2020	$220,592	$219,284	$845,633	$1,308
2019	$201,883	$217,699	$843,590	$-15,816
2018	$202,657	$203,924	$871,940	$-1,267