TOWNSPEOPLE

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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

1994

Legal Domicile

Principal Officer

MELISSA PETERMAN

Phone

6192958802

Tax Period

2024-01-01 to 2024-12-31

TOWNSPEOPLE, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2024. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 11% surplus.

Mission

THE AGENCY'S PURPOSE IS TO PROVIDE AFFORDABLE RENTAL HOUSING TO LOW-INCOME PERSONS WHO ARE EITHER HIV INFECTED OR DISABLED. THE AGENCY IS FUNDED THROUGH PRIVATE, CORP, AND FOUNDATION DONATIONS, AND GOVT GRANTS. THE AGENCY PROVIDES HOUSING INFO AND REFERRAL SVCS IN SAN DIEGO AREA.

Program Service Accomplishments

Program 1

Expenses: $1,709,101

OTHER APARTMENTS (GAMMA) CONSIST OF 22 UNITS AVAILABLE FOR LOW AND VERY LOW-INCOME PERSONS LIVING WITH HIV/AIDS.

Program 2

Expenses: $736,394

THE 34TH STREET APARTMENTS CONSIST OF 34 UNITS AVAILABLE FOR LOW AND VERY LOW-INCOME PERSONS LIVING WITH HIV/AIDS. IN ADDITION, UNDER THE TERMS OF THE REGULATORY AGREEMENTS, THE UNITS ARE RENT AND...

THE 34TH STREET APARTMENTS CONSIST OF 34 UNITS AVAILABLE FOR LOW AND VERY LOW-INCOME PERSONS LIVING WITH HIV/AIDS. IN ADDITION, UNDER THE TERMS OF THE REGULATORY AGREEMENTS, THE UNITS ARE RENT AND OCCUPANCY RESTRICTED FOR UP TO 65 YEARS.

Program 3

Expenses: $516,749

THE 51ST STREET APARTMENTS CONSIST OF 24 UNITS AVAILABLE FOR LOW-INCOME PERSONS LIVING WITH HIV/AIDS. IN ADDITION, UNDER THE TERMS OF THE REGULATORY AGREEMENTS THE UNITS ARE RENT AND OCCUPANCY...

THE 51ST STREET APARTMENTS CONSIST OF 24 UNITS AVAILABLE FOR LOW-INCOME PERSONS LIVING WITH HIV/AIDS. IN ADDITION, UNDER THE TERMS OF THE REGULATORY AGREEMENTS THE UNITS ARE RENT AND OCCUPANCY RESTRICTED FOR 55 YEARS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,766,919

Program Service Revenue $1,188,349

Investment Income $173

Other Revenue $213,839

TOTAL REVENUE $4,169,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,570,979

Fundraising Expenses $49,408

Program Expenses $3,356,174

Other Expenses $2,147,491

TOTAL EXPENSES $3,718,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,169,280	$2,485,829	+0.7%
Expenses	$3,718,470	$2,965,121	+0.3%
Net Income	$450,810	$-479,292	-1.9%

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

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

$151,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN HARRIS	CHAIR	2.00	Officer Director	$0	$0	$0
REBECCA SECORD	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD VELASQUEZ	TREASURER	2.00	Officer Director	$0	$0	$0
MYIESHA PHELPS	SECRETARY	2.00	Officer Director	$0	$0	$0
BRUCE CARRON	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS LARKIN	DIRECTOR	2.00	Director	$0	$0	$0
KRIS KUNTZ	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN LARKY	DIRECTOR	2.00	Director	$0	$0	$0
MELISSA PETERMAN	EXECUTIVE DIRECTOR	40.00	Officer	$144,946	$6,744	$151,690

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	$4,169,280	$3,718,470	$9,924,065	$450,810
2023	$2,485,829	$2,965,121	$9,242,533	$-479,292
2022	$2,274,357	$2,580,522	$9,780,526	$-306,165
2021	$2,777,348	$3,007,944	$9,905,808	$-230,596
2020	$2,354,960	$2,440,919	$10,234,128	$-85,959
2019	$1,732,039	$2,330,142	$9,784,183	$-598,103
2018	$2,196,352	$2,114,933	$10,145,807	$81,419