CAPITOL AREA COMMUNITY DEVELOPMENT… - 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

2014

Legal Domicile

Principal Officer

NOELLE MUSSEN CPA

Phone

9163248494

Tax Period

2022-07-01 to 2023-06-30

CAPITOL AREA COMMUNITY DEVELOPMENT CORPORATION, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2022. The organization ran a surplus of $1.7M, a strong 96% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO ASSIST THE CITY OF SACRAMENTO AND THE STATE OF CALIFORNIA IN LESSENING THE BURDENS OF GOVERMENT TO REVITALIZE THE NEIGHBORHOOD IN PROXIMITY TO THE STATE CAPITOL.

Program Service Accomplishments

Program 1

Expenses: $78,007

PERFORMING DEVELOPING ACTIVITIES FOR THE PURPOSE OF DEVELOPING AND MANAGING A MIXED INCOME PROPERTY AS PART OF THE ORGANIZATION'S PURPOSE OF IMPROVING THE NEIGHBORHOOD AND CREATING NEW AFFORDABLE...

PERFORMING DEVELOPING ACTIVITIES FOR THE PURPOSE OF DEVELOPING AND MANAGING A MIXED INCOME PROPERTY AS PART OF THE ORGANIZATION'S PURPOSE OF IMPROVING THE NEIGHBORHOOD AND CREATING NEW AFFORDABLE RESIDENTIAL HOUSING.

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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 $1,800,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,800,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,007

Other Expenses $80,307

TOTAL EXPENSES $80,307

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,800,000	N/A	N/A
Expenses	$80,307	$40,707	+1.0%
Net Income	$1,719,693	$-40,707	-43.2%

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

$744,972

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN BAILEY	CHAIR	1.00	Director	$0	$0	$0
EMILY BAIME MICHAELS	VICE-CHAIR	1.00	Director	$0	$0	$0
NICHOLAS AVDIS	DIRECTOR	1.00	Director	$0	$0	$0
JOSE BODIPO-MEMBA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LAGOMARSINO	DIRECTOR	1.00	Director	$0	$0	$0
WENDY SAUNDERS	PRESIDENT (UNTIL 12/22)	1.00	Officer	$0	$71,733	$272,594
MARC DE LA VERGNE	VICE-PRESIDENT	1.00	Officer	$0	$45,700	$201,923
NOELLE MUSSEN	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$17,885	$165,744
TARA GANDARA	SECRETARY	1.00	Officer	$0	$30,879	$104,711
DANIELLE FOSTER	PRESIDENT (AS OF 2/23)	1.00	Officer	$0	$0	$0
TODD LEON	DEVELOPMENT DIRECTOR	1.00	Highest	$0	$29,665	$141,998

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,800,000	$80,307	$6,454,408	$1,719,693
2022	No data	$40,707	$4,731,405	No data
2021	$1,492,000	$18,523	$4,774,212	$1,473,477
2020	No data	$4,719	$3,298,635	No data
2019	$108	$23,921	$3,305,624	$-23,813
2018	$1,300,000	$19,026	$3,327,323	$1,280,974

CAPITOL AREA COMMUNITY DEVELOPMENT CORPORATION