BAY AREA HOUSING CORPORATION (EIN 550830072) - 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

2003

Legal Domicile

Principal Officer

CAROL TURNER

Phone

4084387392

Tax Period

2024-07-01 to 2025-06-30

BAY AREA HOUSING CORPORATION, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.5M in total revenue in fiscal year 2024. The organization ran a surplus of $5.2M, a strong 50% operating margin.

Mission

PROVIDE HOUSING OPPORTUNITIES FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES & LOW INCOME POPULATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,548,640

Program Service Revenue $7,830,909

Investment Income $94,198

Other Revenue $7,000

TOTAL REVENUE $10,480,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,039,335

Fundraising Expenses $53,973

Program Expenses $4,906,514

Other Expenses $4,224,572

TOTAL EXPENSES $5,265,157

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,480,747	$10,008,751	+0.0%
Expenses	$5,265,157	$5,142,226	+0.0%
Net Income	$5,215,590	$4,866,525	+0.1%

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

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

$447,081

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON GUNDERSON	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
KATHY ROBINSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KAREN COTTLE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY DARLING	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HEBERT	DIRECTOR	1.00	Director	$0	$0	$0
UDAY KAPOOR	DIRECTOR	1.00	Director	$0	$0	$0
CLARE MCDERMOTT	AUDIT CO-CHAIR	1.00	Director	$0	$0	$0
TED MOORHEAD	AUDIT CO-CHAIR	1.00	Director	$0	$0	$0
KRIS MCCANN	PRESIDENT OF BOARD/ED	40.00	Officer	$247,827	$13,956	$261,783
CAROL TURNER	CFO	40.00	Officer	$175,068	$10,230	$185,298
OCTAVIO FARFAN	DEVELOPMENT MANAGER	40.00	Highest	$135,481	$3,314	$138,795
REGGIE VEGA	PROPERTY MANAGER	40.00	Highest	$112,095	$17,717	$129,812

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	$10,480,747	$5,265,157	$72,494,698	$5,215,590
2024	$10,008,751	$5,142,226	$71,072,720	$4,866,525
2023	$8,976,427	$5,250,065	$68,878,679	$3,726,362
2022	$7,223,971	$4,974,588	$68,029,356	$2,249,383
2021	$8,066,228	$5,036,751	$68,215,144	$3,029,477
2020	$7,937,265	$4,809,543	$67,669,365	$3,127,722
2019	$9,498,545	$5,364,977	$66,698,557	$4,133,568
2018	$8,080,053	$5,097,397	$64,411,481	$2,982,656

BAY AREA HOUSING CORPORATION