SIERRA GARDENS HOUSING FOUNDATION (EIN 330644843) - 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

1995

Legal Domicile

Principal Officer

ROBERT MCELROY

Phone

8583128170

Tax Period

2024-01-01 to 2024-12-31

SIERRA GARDENS HOUSING FOUNDATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $447K, a strong 16% operating margin.

Mission

The Corporation was organized as a California Nonprofit Public Benefit Corporation to acquire an interest in real property located in Riverside, California and to operate thereon an apartment complex of 190 units

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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 $0

Program Service Revenue $2,655,651

Investment Income $94,844

Other Revenue $0

TOTAL REVENUE $2,750,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,899

Fundraising Expenses $0

Program Expenses $1,658,765

Other Expenses $1,818,227

TOTAL EXPENSES $2,303,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,750,495	$2,495,222	+0.1%
Expenses	$2,303,126	$2,371,635	0.0%
Net Income	$447,369	$123,587	+2.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT MCELROY	Chairman	0.50	Officer Director	$0	$0	$0
CINDY LEHMAN	Secretary	0.50	Officer Director	$0	$0	$0
CHRIS HARRIS	Director	0.50	Director	$0	$0	$0
PAULINE FLINT	Director	0.50	Director	$0	$0	$0
LOIS RANDOLPH	Director	0.50	Director	$0	$0	$0
DAVID ARMSTRONG	Director	0.50	Director	$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	$2,750,495	$2,303,126	$6,023,912	$447,369
2023	$2,495,222	$2,371,635	$5,704,763	$123,587
2022	$2,269,239	$2,082,447	$5,689,434	$186,792
2021	$2,248,539	$2,118,845	$5,579,435	$129,694
2020	$2,166,538	$1,992,668	$5,567,671	$173,870
2019	$2,152,737	$1,940,308	$5,501,679	$212,429
2018	$2,113,233	$2,012,917	$5,414,755	$100,316

SIERRA GARDENS HOUSING FOUNDATION