AMERIGE HEIGHTS COMMUNITY ASSOC (EIN 460494477) - 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

2002

Legal Domicile

Principal Officer

ELGIN KIM

Phone

9494500202

Tax Period

2023-01-01 to 2023-12-31

AMERIGE HEIGHTS COMMUNITY ASSOC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $2.8M left a modest 4% surplus.

Mission

MAINTENANCE OF COMMUNITY AREAS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,742,697

Investment Income $172,500

Other Revenue $44,004

TOTAL REVENUE $2,959,201

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,459,223

Other Expenses $2,826,657

TOTAL EXPENSES $2,826,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,959,201	$2,096,188	+0.4%
Expenses	$2,826,657	$2,426,550	+0.2%
Net Income	$132,544	$-330,362	-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
EUGENE KANESHIRO	MEMBER-AT-LA	3.00	Director	$0	$0	$0
LAWRENCE DEVALENCIA	TREASURER	3.00	Officer	$0	$0	$0
AMINDRA JAYASINGHE	VICE PRESIDE	3.00	Officer	$0	$0	$0
ELGIN KIM	PRESIDENT	3.00	Officer	$0	$0	$0
SUSIE KIM	SECRETARY	3.00	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
2024	No data	No data	No data	No data
2023	$2,959,201	$2,826,657	$7,572,195	$132,544
2022	$2,096,188	$2,426,550	$7,612,100	$-330,362
2021	$2,089,746	$2,425,418	$7,296,857	$-335,672
2020	$2,214,036	$2,456,747	$6,958,184	$-242,711

AMERIGE HEIGHTS COMMUNITY ASSOC