SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF FONTANA INC (EIN 521150860) - 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

1977

Legal Domicile

Principal Officer

STEVE PROTULIS

Phone

9548359200

Tax Period

2019-07-01 to 2020-06-30

SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF FONTANA INC, founded in 1977, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2019. Revenue surged 496% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.2M, a strong 99% operating margin.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $189,745

Investment Income $11,131,865

Other Revenue $2,773

TOTAL REVENUE $11,324,383

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,275

Fundraising Expenses $0

Program Expenses $76,427

Other Expenses $97,802

TOTAL EXPENSES $124,077

Year-over-Year Comparison

	2019	2018	Change
Revenue	$11,324,383	$1,900,095	+5.0%
Expenses	$124,077	$1,344,906	-0.9%
Net Income	$11,200,306	$555,189	+19.2%

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

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

$415,707

Total Directors

$31,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE PROTULIS	DIRECTOR	0.70	Officer	$0	$83,114	$384,389
JOHN OLSEN	VICE PRESIDE	0.10	Officer Director	$0	$4,777	$31,318
DANIEL ARGUETA	DIRECTOR	0.10	Director	$0	$0	$0
DAVID EDGAR	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM J HOLAYTER	TREASURER	0.40	Officer Director	$0	$0	$0
JOHN MENCHACA	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	SECRETARY	0.30	Officer Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	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
2020	$11,324,383	$124,077	$12,399,287	$11,200,306
2019	$1,900,095	$1,344,906	$2,706,726	$555,189
2018	$1,853,421	$1,497,577	$2,583,038	$355,844

SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF FONTANA INC