HUMBOLDT BAY HOUSING DEVELOPMENT CORP (EIN 680319737) - 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

1994

Legal Domicile

Principal Officer

JENNIFER HOFSTETTER

Phone

7074631975

Tax Period

2023-11-01 to 2024-10-31

HUMBOLDT BAY HOUSING DEVELOPMENT CORP, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $491K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $737K exceeded revenue, resulting in a 50% operating deficit.

Mission

SPONSOR, DEVELOP AND MANAGE LOW-INCOME 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 (2023)

Revenue Breakdown

Contributions & Grants $79,909

Program Service Revenue $379,328

Investment Income $241

Other Revenue $31,694

TOTAL REVENUE $491,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $677,477

Other Expenses $736,993

TOTAL EXPENSES $736,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,172	$567,977	-0.1%
Expenses	$736,993	$642,782	+0.1%
Net Income	$-245,821	$-74,805	+2.3%

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

$305,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON LEFEBVRE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RICHARD HENDERSON	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
AMANDA PARDINI	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLOTTE WATKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
GARY MIRATA	DIRECTOR	1.00	Director	$0	$0	$0
FU LIN CHANG	DIRECTOR	1.00	Director	$0	$0	$0
MIKE PALLESEN	DIRECTOR (THROUGH 2023)	1.00	Director	$0	$0	$0
WAYNE CHEN	DIRECTOR (STARTED 2024)	1.00	Director	$0	$0	$0
RYAN LARUE	CEO	2.00	Officer	$0	$0	$150,535
JENNIFER HOFSTETTER	CFO	2.00	Officer	$0	$32,291	$154,726

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	$491,172	$736,993	$6,097,542	$-245,821
2023	$567,977	$642,782	$6,228,627	$-74,805
2022	$167,019	$164,779	$6,161,951	$2,240
2021	$-44,576	$24,256	$5,857,426	$-68,832
2020	$-65,149	$3,546	$4,559,951	$-68,695

HUMBOLDT BAY HOUSING DEVELOPMENT CORP