NORTH TOWN LAS CASITAS INC

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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

Phone

9094847140

Tax Period

2024-01-01 to 2024-12-31

NORTH TOWN LAS CASITAS INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $190K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $302K exceeded revenue, resulting in a 59% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME PERSONS WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.

Program Service Accomplishments

Program 1

Expenses: $301,646 Revenue: $190,248

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS. SUPPORT EXPENSE DIRECTLY RELATED TO THE DEVELOPMENT AND MANAGEMENT OF A 14-UNIT AFFORDABLE...

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS. SUPPORT EXPENSE DIRECTLY RELATED TO THE DEVELOPMENT AND MANAGEMENT OF A 14-UNIT AFFORDABLE HOUSING PROJECT TO LOW-INCOME HOUSEHOLDS.

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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 $190,248

Investment Income $0

Other Revenue $0

TOTAL REVENUE $190,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,646

Other Expenses $302,395

TOTAL EXPENSES $302,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$190,248	$160,299	+0.2%
Expenses	$302,395	$206,408	+0.5%
Net Income	$-112,147	$-46,109	+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
CELIA PARTIDA	Director	0.50	Officer Director	$0	$0	$0
SANTOS FUERTEZ	Vice President	0.50	Officer Director	$0	$0	$0
CAROL NORRIS	President	0.50	Officer Director	$0	$0	$0
JULIAN RINCON	VP, TREAS, SECR	0.50	Officer 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	$190,248	$302,395	$1,139,353	$-112,147
2023	$160,299	$206,408	$1,326,708	$-46,109
2022	$147,663	$124,517	$1,300,410	$23,146
2021	$147,167	$420,852	$1,274,240	$-273,685
2020	$138,809	$109,827	$1,549,869	$28,982
2019	$145,060	$106,278	$1,518,472	$38,782
2018	$139,800	$111,562	$1,479,531	$28,238