BURBANK HOUSING MANAGEMENT CORPORATION (EIN 680328717) - 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

LAWRANCE FLORIN

Phone

7075269782

Tax Period

2023-01-01 to 2023-12-31

BURBANK HOUSING MANAGEMENT CORPORATION, founded in 1994, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum.

Mission

THE CORPORATION PROVIDES MANAGEMENT SERVICES, COMPLIANCE AND COMMUNITY SERVICE ACTIVITIES FOR AFFORDABLE HOUSING PROPERTIES.

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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 $45,817

Program Service Revenue $6,448,681

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,494,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,584,183

Fundraising Expenses $0

Program Expenses $4,809,579

Other Expenses $2,855,837

TOTAL EXPENSES $6,440,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,494,498	$4,201,308	+0.5%
Expenses	$6,440,020	$5,080,265	+0.3%
Net Income	$54,478	$-878,957	-1.1%

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

218

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

$778,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON WRIGHT	CHAIR	3.00	Officer Director	$0	$0	$0
DAVID GOUIN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PAUL DONALDSON	SECRETARY	3.00	Officer Director	$0	$0	$0
DOROTHY BEATTIE	TREASURER	3.00	Officer Director	$0	$0	$0
KOMRON SHAHHOSSEINI	DIRECTOR	3.00	Director	$0	$0	$0
NATE BELDEN	DIRECTOR	3.00	Director	$0	$0	$0
TOMAS PHILLIPS	DIRECTOR	3.00	Director	$0	$0	$0
JEAN KAPOLCHOK	DIRECTOR	3.00	Director	$0	$0	$0
ANDREA LEARNED	DIRECTOR	3.00	Director	$0	$0	$0
LESLIE CAMINO	DIRECTOR	3.00	Director	$0	$0	$0
CHARLOTTE RADMILOVIC	DIRECTOR	3.00	Director	$0	$0	$0
JON M STARK	DIRECTOR	3.00	Director	$0	$0	$0
STEPHANIE BEDOLLA	DIRECTOR	3.00	Director	$0	$0	$0
SUE MADDIGAN	FORMER SECRETARY	3.00	Officer Director	$0	$0	$0
KIM AUGUST	FORMER DIRECTOR	3.00	Director	$0	$0	$0
LAWRANCE FLORIN	CEO	15.00	Officer	$0	$34,300	$549,817
BENJAMIN WICKHAM	COO	15.00	Officer	$0	$38,282	$228,504
ANNIE MCNEANY	DIRECTOR OF PROPERTY MGMT	40.00	Highest	$156,555	$28,225	$184,780
BONNIE MADDOX	ASST. DIR. OF PROPERTY MGM	40.00	Highest	$177,310	$5,089	$182,399
LAUREN TAYLOR	DIRECTOR OF RESIDENT SERVI	40.00	Highest	$129,610	$15,258	$144,868
ALICIA GOMEZ	DIRECTOR OF COMPLIANCE	40.00	Highest	$115,102	$14,697	$129,799
CINDI JOHNSON	SENIOR ACCOUNTANT	40.00	Highest	$113,879	$5,569	$119,448

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	No data	No data	No data	No data
2023	$6,494,498	$6,440,020	$3,264,335	$54,478
2022	$4,201,308	$5,080,265	$2,975,874	$-878,957
2021	$5,052,617	$6,207,271	$3,950,645	$-1,154,654
2020	$4,276,944	$3,645,336	$5,773,634	$631,608
2019	$4,345,958	$3,211,191	$4,374,268	$1,134,767
2018	$4,527,341	$3,120,250	$3,180,768	$1,407,091

BURBANK HOUSING MANAGEMENT CORPORATION