LOS ANGELES, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOLD COMMUNITIES, founded in 2014, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 7983% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 85% operating margin.
TO FOSTER, SUPPORT, CONSTRUCT, DEVELOP, ACQUIRE, REHABILITATE, MANAGE AND/OR OPERATE AND PROVIDE QUALIFIED AFFORDABLE HOUSING FOR LOW INCOME PERSONS AND FAMILIES, QUALIFIED HOUSING FOR MENTALLY AND PHYSICALLY CHALLENGED PERSONS, AND QUALIFIED HOUSING FOR ELDERLY PERSONS WITHIN THE UNITED STATES.
ACQUIRED AND REONVATED A 61-UNIT MULTIFAMILY APARTMENT PROPERTY LOCATED IN LOS ANGELES COUNTY, CALIFORNIA, AT-RISK OF LOSING ITS IN-PLACE AFFORDABILITY RESTRICTIONS. UTILIZED 4% FEDERAL LOW INCOME...
ACQUIRED AND REONVATED A 61-UNIT MULTIFAMILY APARTMENT PROPERTY LOCATED IN LOS ANGELES COUNTY, CALIFORNIA, AT-RISK OF LOSING ITS IN-PLACE AFFORDABILITY RESTRICTIONS. UTILIZED 4% FEDERAL LOW INCOME HOUSING TAX CREDITS, STATE TAX CREDITS, TAX-EXEMPT BONDS AND A RENEWED SECTION 8 PROJECT BAED RENTAL ASSISTANCE CONTRACT TO FUND THE REHABILITATION. TOTAL PROJECT DEVELOPMENT COST, INCLUDING ACQUISITION, WAS APPROXIMATELY $57 MILLION DOLLARS. THE BUILDING WAS PLACED IN SERVICE IN DECEMBER 2023.CLOSED ON THE ACQUISITION OF A 45-UNIT MULTIFAMILY APARTMENT PROPERTY LOCATED IN DEL NORTE COUNTY, CALIFORNIA, AT-RISK OF LOSING ITS IN-PLACE AFFORDABILITY RESTRICTIONS. UTILIZED 4% FEDERAL LOW INCOME HOUSING TAX CREDITS, STATE TAX CREDITS, TAX-EXEMPT BONDS, CITY FUNDING AND PROJECT BASED VOUCHERS TO FUND THE ACQUISITION AND REHABILITATION OF THE PROPERTY. TOTAL PROJECT DEVELOPMENT COST, INCLUDING ACQUISITION, IS ANTICIPATED TO BE APPROXIMATELY $14 MILLION DOLLARS. THE RENOVATION IS EXPECTED TO BE COMPLETED IN 2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,374,055 | $17,000 | +79.8% |
| Expenses | $199,580 | $27,985 | +6.1% |
| Net Income | $1,174,475 | $-10,985 | -107.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL MILLER | PRESIDENT | 60.00 |
Officer
Director
|
$0 | $0 | $0 |
| OSCAR SOLARES | TREASURER / SECRETARY | 1.00 |
Officer
Director
|
$10,000 | $0 | $10,000 |
| SANJAY CHAND | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH PHILLIPS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIAN PHILLIPS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,374,055 | $199,580 | $1,189,101 | $1,174,475 |
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