THE RANCHO MERIDIAN MOBILEHOME PAR… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

DENNIS KAZARIAN

Phone

7147444993

Tax Period

2023-07-01 to 2024-06-30

THE RANCHO MERIDIAN MOBILEHOME PARK CORP, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.6M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE CORPORATION WAS CREATED TO LESSEN THE GOVERNMENTAL BURDENS BY PROVIDING ASSISTANCE TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO IN ITS REDEVELOPMENT EFFORTS TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY OF SAN BERNARDINO, INCLUDING, BUT NOT LIMITED TO, ASSUMING THE OWNERSHIP AND OPERATION OF RANCHO MERIDIAN MOBILE HOME CORPORATION IN IRDER TO INCREASE THE AVAILABILITY OF LOW AND MODERATE INCOME HOUSING WITHIN THE CITY.

Program Service Accomplishments

Program 1

Expenses: $1,572,295 Revenue: $1,214,411

RANCHO MERIDIAN MOBILE HOME PARK (RANCHO MERIDIAN) IS LOCATED AT 2686 WEST MILL STREET IN THE CITY OF SAN BERNARDINO, CALIFORNIA. RANCHO MERIDIAN CONSISTS OF 143 MOBILE HOME SPACES. RANCHO MERIDIAN, WHICH IS PRIMARILY A FAMILY PARK, CONSISTS OF DOUBLEWIDE SPACES; HOWEVER, THERE ARE SOME TRIPLE WIDE SPACES. MOST OF THE HOMES HAVE AWNINGS AND CONCRETE OR ASPHALT DRIVEWAYS, AS WELL AS COVERED CARPORTS. RANCHO MERIDIAN HAS A TOTAL AREA OF APPROXIMATELY 18.63 ACRES. RANCHO MERIDIAN AND RANCHO MERIDIAN-OWNED BUILDINGS WERE CONSTRUCTED IN 1973. THE OVERALL RANGE FOR RENTS IS $498 TO $923 PER MONTH WITH AN AVERAGE MONTHLY RENTAL OF $642 PER MONTH.

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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 $1,214,411

Investment Income $23,832

Other Revenue $0

TOTAL REVENUE $1,238,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,425

Fundraising Expenses $0

Program Expenses $1,572,295

Other Expenses $1,630,471

TOTAL EXPENSES $1,635,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,238,243	$1,173,976	+0.1%
Expenses	$1,635,896	$2,316,875	-0.3%
Net Income	$-397,653	$-1,142,899	-0.7%

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

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

$148,200

Total Directors

$302,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BRENDZEL	Secretary/COO	35.00	Officer Director	$0	$0	$82,000
DENNIS KAZARIAN	President	35.00	Officer Director	$0	$0	$66,200
THOMAS LACROIX	Director	14.00	Director	$0	$0	$22,000
BARRY COLE	Director	14.00	Director	$0	$0	$22,000
JOHN YEANDLE	Director	14.00	Director	$0	$0	$22,000
JIM DUFFY	Director	14.00	Director	$0	$0	$22,000
JESS MAXCY	Director	14.00	Director	$0	$0	$22,000
RAMON RODRIGUEZ	Director	14.00	Director	$0	$0	$22,000
AARON BRANDENBURG	Director	14.00	Director	$0	$0	$14,500
DAVID YEGENIAN	Director	14.00	Director	$0	$0	$8,000
RICHARD SIMONIAN	Vice President	14.00	Officer	$0	$0	$0
SHONTELE SIMONIAN	Treasurer/CFO	14.00	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
2025	No data	No data	No data	No data
2024	$1,238,243	$1,635,896	$4,051,958	$-397,653
2023	$1,173,976	$2,316,875	$4,572,592	$-1,142,899
2022	$1,095,534	$2,130,999	$5,838,063	$-1,035,465
2021	$1,692,495	$991,858	$4,063,637	$700,637
2020	$1,061,434	$1,086,686	$4,043,435	$-25,252
2019	$1,021,465	$998,280	$4,132,236	$23,185

THE RANCHO MERIDIAN MOBILEHOME PARK CORP