FCA SENIOR CITIZENS HOUSING CORP

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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

1975

Legal Domicile

Principal Officer

OLLI LAMMINEN

Phone

5862282088

Tax Period

2024-01-01 to 2024-05-20

FCA SENIOR CITIZENS HOUSING CORP, founded in 1975, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 10200% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 307% operating deficit.

Mission

TO PROVIDE AND PRESERVE HOUSING FACILITIES FOR ACTIVE ADULTS AGE 62 AND OLDER WITH LOW TO MODERATE INCOME.

Program Service Accomplishments

Program 1

Expenses: $5,435,484

FCA SENIOR CITIZENS HOUSING CORP PROVIDES AFFORDABLE HOUSING FACILITIES AND SOCIAL, RECREATIONAL, COMMERCIAL, AND COMMUNAL FACILITIES TO THE ELDERLY WITH LOW TO MODERATE INCOME. FCA SENIOR CITIZENS...

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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 $68,561

Investment Income $1,333,511

Other Revenue $10,200

TOTAL REVENUE $1,412,272

Expense Breakdown

Grants Paid $5,435,484

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,435,484

Other Expenses $314,367

TOTAL EXPENSES $5,749,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,412,272	$13,711	+102.0%
Expenses	$5,749,851	$26,862	+213.1%
Net Income	$-4,337,579	$-13,151	+328.8%

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

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
KATHRYN HILL	TRUSTEE	0.50	Director	$0	$0	$0
MARILYN CLARK	TRUSTEE	0.50	Director	$0	$0	$0
ERIK SALONEN	TRUSTEE	0.50	Director	$0	$0	$0
NANCY HANSON	TRUSTEE	0.50	Director	$0	$0	$0
LIISA SALONEN	TRUSTEE	0.50	Director	$0	$0	$0
MIA LAMMINEN	TREASURER	18.00	Officer Director	$0	$0	$0
CHRISTINE MANNINEN	SECRETARY	0.50	Officer Director	$0	$0	$0
SARAH WIIDEMAN	VICE-CHAIRMAN	0.50	Officer Director	$0	$0	$0
OLLI LAMMINEN	CHAIRMAN	20.00	Officer 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
2024	$1,412,272	$5,749,851	No data	$-4,337,579
2023	$13,711	$26,862	$4,337,579	$-13,151
2022	$124,680	$12,381	$4,350,730	$112,299
2021	$274,267	$28,043	$4,238,431	$246,224
2020	$2,713,599	$133,289	$2,771,833	$2,580,310
2019	$3,242	$2,061,034	$193,183	$-2,057,792
2018	$273,953	$65,689	$2,282,295	$208,264