PAISANO HOUSING RE-DEVELOPMENT CORP

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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

1996

Legal Domicile

Principal Officer

SATISH BHASKAR

Phone

9158493730

Tax Period

2024-01-01 to 2024-12-31

PAISANO HOUSING RE-DEVELOPMENT CORP, founded in 1996, is a mid-sized nonprofit in the Housing & Shelter sector that reported $35.8M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $26.7M, a strong 75% operating margin.

Mission

PROMOTE COMMUNITY REINVESTMENT BY FINANCING INSTITUTIONS TO SUPPORT THE AFFORDABLE HOUSING NEEDS OF LOWER INCOME RESIDENTS THROUGH COMMUNITY DEVELOPMENT LENDING, AFFORDABLE HOUSING, OR LINKED DEPOSIT PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $9,090,921 Revenue: $35,812,207

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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 $17,049,383

Investment Income $18,470,361

Other Revenue $292,463

TOTAL REVENUE $35,812,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,090,921

Other Expenses $9,090,921

TOTAL EXPENSES $9,090,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,812,207	$28,956,922	+0.2%
Expenses	$9,090,921	$7,870,278	+0.2%
Net Income	$26,721,286	$21,086,644	+0.3%

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
SANDY AZCO	COMMISSIONER	0.50	Director	$0	$0	$0
RALPH CARRASCO	CHAIRPERSON	0.50	Director	$0	$0	$0
JOSE BALDERRAMA	RESIDENT COMMISIONER	0.50	Director	$0	$0	$0
MARTY REYES	VICE-CHAIRPERSON	0.50	Director	$0	$0	$0
GERALD CICHON	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$0
SATISH BHASKAR	CHIEF FINANCIAL OFFICER	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$35,812,207	$9,090,921	$426,248,532	$26,721,286
2023	$28,956,922	$7,870,278	$415,242,739	$21,086,644
2022	$38,704,103	$-7,640,424	$370,474,608	$46,344,527
2021	$38,229,111	$-997,348	$313,193,517	$39,226,459
2020	$16,928,786	$976,546	$376,433,899	$15,952,240
2019	$79,431,828	$5,094,699	$355,148,576	$74,337,129
2018	$10,907,650	$5,451,452	$274,014,527	$5,456,198