SANTA ANA, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE GLEN AIRE MOBILEHOME PARK CORP, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.9M exceeded revenue, resulting in a 31% operating deficit.
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 GLEN AIRE MOBILE HOME PARK IN ORDER TO INCREASE THE AVAILABILITY OF LOW AND MODERATE INCOME HOUSING WITHIN THE CITY.
GLEN AIRE MOBILE HOME PARK (GLEN AIRE) IS LOCATED AT 222 SOUTH RANCHO AVENUE IN THE CITY OF SAN BERNARDINO, CALIFORNIA. GLEN AIRE CONSISTS OF 131 MOBILE HOME SPACES. GLEN AIRE IS PRIMARILY A FAMILY...
GLEN AIRE MOBILE HOME PARK (GLEN AIRE) IS LOCATED AT 222 SOUTH RANCHO AVENUE IN THE CITY OF SAN BERNARDINO, CALIFORNIA. GLEN AIRE CONSISTS OF 131 MOBILE HOME SPACES. GLEN AIRE IS PRIMARILY A FAMILY PARK, CONSISTING OF DOUBLEWIDE SPACES; HOWEVER, THERE ARE SOME SPACES OCCUPIED WITH SINGLEWIDE HOMES. MOST OF THE HOMES HAVE AWNINGS AND CONCRETE OR ASPHALT DRIVEWAYS, AS WELL AS COVERED CARPORTS. GLEN AIRE IS IRREGULARLY SHAPED AND HAS A TOTAL AREA OF APPROXIMATELY 14.58 ACRES. GLEN AIRE WAS CONSTRUCTED IN TWO PHASES BETWEEN 1969 AND 1971. THE OVERALL RANGE FOR RENTS IS $441 TO $821 PER MONTH WITH AVERAGE RENTS OF $533 PER MONTH, EXCLUDING UTILITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,422,764 | $1,262,945 | +0.1% |
| Expenses | $1,865,789 | $1,229,956 | +0.5% |
| Net Income | $-443,025 | $32,989 | -14.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GARY BRENDZEL | Secretary/COO | 35.00 |
Officer
Director
|
$0 | $0 | $84,000 |
| JOHN YEANDLE | Director | 14.00 |
Director
|
$0 | $0 | $79,500 |
| DENNIS KAZARIAN | President | 35.00 |
Officer
Director
|
$0 | $0 | $68,200 |
| THOMAS LACROIX | Director | 14.00 |
Director
|
$0 | $0 | $26,000 |
| JESS MAXCY | Director | 14.00 |
Director
|
$0 | $0 | $26,000 |
| BARRY COLE | Director | 14.00 |
Director
|
$0 | $0 | $24,000 |
| RAMON RODRIGUEZ | Director | 14.00 |
Director
|
$0 | $0 | $24,000 |
| DAVID YEGENIAN | Director | 14.00 |
Director
|
$0 | $0 | $14,000 |
| JIM DUFFY | Director | 14.00 |
Director
|
$0 | $0 | $12,000 |
| AARON BRANDENBURG | DIRECTOR | 14.00 |
|
$0 | $0 | $4,000 |
| RICHARD SIMONIAN | Vice President | 14.00 |
Officer
|
$0 | $0 | $0 |
| SHONTELE SIMONIAN | Treasurer/CFO | 14.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,422,764 | $1,865,789 | $2,791,400 | $-443,025 |
| 2024 | $1,262,945 | $1,229,956 | $3,411,538 | $32,989 |
| 2023 | $1,233,565 | $1,557,821 | $3,377,843 | $-324,256 |
| 2022 | $1,071,529 | $1,998,744 | $3,791,346 | $-927,215 |
| 2021 | $2,327,043 | $879,757 | $2,700,408 | $1,447,286 |
| 2020 | $1,007,176 | $903,132 | $2,593,638 | $104,044 |
| 2019 | $975,552 | $868,424 | $2,838,248 | $107,128 |
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