CHIARA COMMUNITIES INC (EIN 721525725) - 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

2015

Legal Domicile

Principal Officer

Glen Choban Board Chairman

Phone

2627981224

Tax Period

2024-01-01 to 2024-12-31

CHIARA COMMUNITIES INC, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $38.0M left a modest 4% surplus.

Mission

To provide affordable housing and care to at risk populations mainly those experiencing the aging process.

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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 $0

Program Service Revenue $38,904,154

Investment Income $443,663

Other Revenue $0

TOTAL REVENUE $39,347,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,808,164

Fundraising Expenses $0

Program Expenses $31,609,880

Other Expenses $25,155,149

TOTAL EXPENSES $37,963,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,347,817	$36,150,053	+0.1%
Expenses	$37,963,313	$36,093,099	+0.1%
Net Income	$1,384,504	$56,954	+23.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen Choban	President/Director	5.00	Officer Director	$0	$0	$0
Kathleen Gale	Secretary/Director	5.00	Officer Director	$0	$0	$0
Russell McMinn	Treasurer/Director	5.00	Officer Director	$0	$0	$0
Ricardo Diaz	Director	5.00	Director	$0	$0	$0
Fr Timothy Kitzke	Director	5.00	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	$39,347,817	$37,963,313	$154,491,888	$1,384,504
2023	$36,150,053	$36,093,099	$156,016,860	$56,954
2022	$33,108,780	$34,388,287	$157,879,032	$-1,279,507
2021	$29,629,551	$31,620,356	$161,636,089	$-1,990,805
2020	$32,047,611	$42,445,616	$165,701,063	$-10,398,005
2019	$29,809,025	$31,544,983	$166,919,222	$-1,735,958

CHIARA COMMUNITIES INC