PAISANO HOUSING RE-DEVELOPMENT CORP

EIN: 742793526 501(c)(3) Housing & Shelter

EL PASO, TX

Total Revenue
$35,812,207
Total Expenses
$9,090,921
Total Assets
$426,248,532
Net Assets
$286,821,453
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
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

TO IMPROVE QUALITY OF LIFE FOR ECONOMICALLY CHALLENGED FAMILIES BY DEVELOPING, FINANCING, AND MANAGING QUALITY AFFORDABLE HOUSING, AND PROVIDING OPPORTUNITIES TO ACHIEVE SELF-SUFFICIENCY.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.SUPPORT, DEVELOP, AND PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS TO UNDERTAKE BUSINESS ENTERPRISES AND TO BECOME SELF-SUFFICIENT BY PARTICIPATING IN EDUCATION, JOB TRAINING, AND EMPLOYMENT PROGRAMS TO REDUCE THEIR DEPENDENCY ON PUBLIC BENEFITS AND TO LESSEN THEIR BURDEN ON GOVERNMENT; AND TO PROVIDE SOCIAL SERVICES TO SUPPORT THE BUSINESS ENTERPRISES, SELF-SUFFICIENCY, AND FAMILY AND COMMUNITY IMPROVEMENT EFFORTS OF LOW AND MODERATE INCOME RESIDENTS.SUPPORT BY GIFTS, CONTRIBUTIONS OR ASSISTANCE OF OTHER NON-PROFIT CORPORATIONS.

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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 (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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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
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