COMMUNITY RESTORATION CORPORATION

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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

2011

Legal Domicile

Principal Officer

CARLOS ALCAZAR

Phone

2147103332

Tax Period

2022-01-01 to 2022-12-31

COMMUNITY RESTORATION CORPORATION, founded in 2011, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2022. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7.1M, a strong 96% operating margin.

Mission

WORKING IN STRATEGIC PARTNERSHIP WITH A TEAM OF LOCAL ORGANIZATIONS, CRC ACQUIRED DISTRESSED MORTGAGES/NOTES AND REO PROPERTIES FROM LENDERS AND CREATES COMMUNITY-FOCUSED DISPOSITION STRATEGIES FOR THE ASSETS. BY TAKING A COMMUNITY-BASED APPROACH TO CREATING FLEXIBLE OPTIONS FOR FAMILIES TO PRESERVE HOMEOWNERSHIP OR PURSUING EXPEDITED SOLUTIONS FOR VACANT PROPERTIES CAUSING NEIGHBORHOOD BLIGHT, CRC IS ABLE TO COMPLEMENT EXISTING NEIGHBORHOOD STABILIZATION EFFORTS IN COMMUNITIES THAT HAVE BEEN SIGNIFICANTLY IMPACTED BY FORECLOSURES AND DISINVESTMENT.

Program Service Accomplishments

Program 1

Expenses: $185,360 Revenue: $7,356,350

CRC WORKS WITH BORROWERS TO SUCCESSFULLY EXECUTE VARIOUS LOAN MODIFICATIONS, SETTLEMENTS, REPAYMENT PLANS, AND DEED-IN-LIEUS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $371,164

Investment Income $4,277

Other Revenue $6,985,186

TOTAL REVENUE $7,360,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $185,360

Other Expenses $283,776

TOTAL EXPENSES $283,776

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,360,627	$9,217,251	-0.2%
Expenses	$283,776	$1,584,397	-0.8%
Net Income	$7,076,851	$7,632,854	-0.1%

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
CARLOS ALCAZAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATT CAMERON	TREASUER	1.00	Officer Director	$0	$0	$0
JENNIFER HENNEMUTH	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC CHATMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATE MONTER DURBAN	DIRECTOR (LEFT IN 2022)	1.00	Director	$0	$0	$0
ERIN PERSONS	DIRECTOR (LEFT IN 2022)	1.00	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
2022	$7,360,627	$283,776	$711,603	$7,076,851
2021	$9,217,251	$1,584,397	$696,507	$7,632,854
2020	$1,968,518	$2,887,281	$3,312,006	$-918,763
2019	$4,972,575	$4,898,025	$5,132,591	$74,550
2018	$6,230,871	$9,998,583	$10,384,080	$-3,767,712