CARMEL VALLEY NEIGHBORHOOD 10 NORT… - 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

1988

Legal Domicile

Principal Officer

JAMES BROUSSALIAN

Phone

8586023470

Tax Period

2021-01-01 to 2021-12-31

CARMEL VALLEY NEIGHBORHOOD 10 NORTH HOMEOWNERS ASSOCIATION, founded in 1988, is a small nonprofit in the Community Improvement sector that reported $520K in total revenue in fiscal year 2021. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $143K, a strong 28% operating margin.

Mission

TO MAINTAIN THE HOUSING DEVELOPMENT COMMON AREA.

Program Service Accomplishments

Program 1

Expenses: $322,466 Revenue: $512,631

THE ASSOCIATION ACHIEVES ITS GOALS OF MAINTAINING AND PRESERVING THE COMMUNITY'S COMMON AREAS VIA VOLUNTEER COMMITTEES, FORUMS AND AN OUTSIDE MANAGEMENT COMPANY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $512,631

Investment Income $7,420

Other Revenue $0

TOTAL REVENUE $520,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $322,466

Other Expenses $376,858

TOTAL EXPENSES $376,858

Year-over-Year Comparison

	2021	2020	Change
Revenue	$520,051	$405,505	+0.3%
Expenses	$376,858	$417,046	-0.1%
Net Income	$143,193	$-11,541	-13.4%

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

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
WENDY HAGER	DIRECTOR	5.00	Director	$0	$0	$0
EDWARD DOHENY	DIRECTOR	5.00	Director	$0	$0	$0
JAMES BROUSSALIAN	PRESIDENT	5.00	Officer	$0	$0	$0
LAWRENCE BARTLETT	VP/SECRETARY	5.00	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
2021	$520,051	$376,858	$882,234	$143,193
2020	$405,505	$417,046	$758,881	$-11,541
2019	$443,672	$492,373	$678,452	$-48,701
2018	$481,969	$345,089	$633,447	$136,880

CARMEL VALLEY NEIGHBORHOOD 10 NORTH HOMEOWNERS ASSOCIATION