True North Housing Alliance Inc Torres Shelter

EIN: 680440819 501(c)(3) Housing & Shelter

Chico, CA

Total Revenue
$4,059,145
Total Expenses
$3,427,750
Total Assets
$4,078,764
Net Assets
$2,830,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CA
Principal Officer
Tim VanderHeiden
Phone
5308919048
Tax Period
2023-10-01 to 2024-09-30

True North Housing Alliance Inc Torres Shelter, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $4.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $631K, a strong 16% operating margin.

Mission

Chico Community Shelter Partnership provides shelter and other related social services to individuals who are experiencing homelessness. The organization owns and operates the Torres Community Shelter in Chico, California.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,818,089
Program Service Revenue $180,125
Investment Income $14,429
Other Revenue $46,502
TOTAL REVENUE $4,059,145

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,320,815
Fundraising Expenses $23,449
Program Expenses $2,594,690
Other Expenses $1,106,935
TOTAL EXPENSES $3,427,750

Year-over-Year Comparison

2023 2022 Change
Revenue $4,059,145 $3,604,567 +0.1%
Expenses $3,427,750 $2,845,853 +0.2%
Net Income $631,395 $758,714 -0.2%
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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Governance

Voting Members
12
Independent Members
10
Employees
45
Volunteers
20

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
1
$93,859
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Taylor Bunch Executive Dir. 40.00
Officer
$93,859 $0 $93,859
Tim VanderHeiden Member 1.00
Director
$0 $0 $0
Jim Morgan Vice Chair 1.00
Director
$0 $0 $0
Kristine Nixon COO 1.00
Director
$0 $0 $0
Bob Kruger Treasurer 1.00
Director
$0 $0 $0
David Zeichick Board member 1.00
Director
$0 $0 $0
Suzanne Toaspern-Holm Board member 1.00
Director
$0 $0 $0
Peter Strauss Board Chair 1.00
Director
$0 $0 $0
Dr Lori LaRiviere Board member 1.00
Director
$0 $0 $0
Henry Schleiger Board Member 1.00
Director
$0 $0 $0
Billie Kanter Secretary 1.00
Director
$0 $0 $0
Danielle Blake Board Member 1.00
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 $3,986,806 $3,469,799 $4,189,302 $517,007
2024 $4,059,145 $3,427,750 $4,078,764 $631,395
2023 $3,753,149 $2,774,256 $3,468,662 $978,893
2023 $3,604,567 $2,845,853 $3,543,702 $758,714
2022 $2,768,540 $2,525,871 $3,745,210 $242,669
2022 $2,681,285 $2,478,307 $3,170,880 $202,978
2021 $2,633,482 $2,640,917 $3,150,343 $-7,435
2020 $2,191,524 $2,041,463 $2,380,084 $150,061
2019 $1,397,685 $1,379,534 $2,263,259 $18,151
2018 $653,614 $939,578 $2,062,342 $-285,964
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