AOFGOLDEN STATE COMMUNITY DEVELOPMENT CORP (EIN 330861387) - 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

1999

Legal Domicile

Principal Officer

KATHRYN T WALKER

Phone

7147991339

Tax Period

2024-01-01 to 2024-12-31

AOFGOLDEN STATE COMMUNITY DEVELOPMENT CORP, founded in 1999, is a small nonprofit that reported $379K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $425K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ACQUIRE, REHABILITATE, RENT AND SELL AFFORDABLE HOUSING TO LOW-INCOME, ELDERLY, AND/OR MENTALLY OR PHYSICALLY CHALLENGED PERSONS OR FAMILIES.

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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 $378,918

Investment Income $81

Other Revenue $0

TOTAL REVENUE $378,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,503

Fundraising Expenses $0

Program Expenses $402,907

Other Expenses $235,822

TOTAL EXPENSES $425,325

Year-over-Year Comparison

	2024	2023	Change
Revenue	$378,999	$413,609	-0.1%
Expenses	$425,325	$388,080	+0.1%
Net Income	$-46,326	$25,529	-2.8%

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

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

$1,323,571

Total Directors

$1,150,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL DO-KHANH	TRUSTEE	0.20	Director	$0	$0	$0
CYNTHIA GRADY	TRUSTEE	0.20	Director	$0	$0	$0
KATHRYN T WALKER	SVP-FINANCE, TRUSTEE	3.00	Officer Director	$0	$63,415	$443,415
SHARON TRAN	SECRETARY, TRUSTEE	1.00	Officer Director	$0	$43,479	$260,020
BRETT MASCARO	PRESIDENT, TRUSTEE	1.00	Officer Director	$0	$53,227	$447,394
AJAY NAYER	VICE PRESIDENT	40.00	Officer	$149,583	$23,159	$172,742

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	$378,999	$425,325	$2,202,965	$-46,326
2023	$413,609	$388,080	$2,449,178	$25,529
2022	$366,569	$415,750	$2,278,391	$-49,181
2021	$250,217	$378,624	$2,333,734	$-128,407
2020	$271,582	$378,662	$2,479,942	$-107,080
2019	$259,615	$364,078	$2,608,287	$-104,463
2018	$287,248	$516,687	$2,732,139	$-229,439

AOFGOLDEN STATE COMMUNITY DEVELOPMENT CORP