GAULT STREET SENIOR HOUSING

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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

2001

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

GAULT STREET SENIOR HOUSING, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $354K in total revenue in fiscal year 2023. Expenses of $554K exceeded revenue, resulting in a 57% operating deficit.

Mission

PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR VARIED NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING

Program Service Accomplishments

Program 1

Expenses: $539,658 Revenue: $186,716

GAULT STREET SENIOR HOUSING WAS ORGANIZED ON JULY 1, 2003 AS A CALIFORNIA NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE HOUSING ACT OF 1959. SUCH PROJECTS ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 37 UNITS LOCATED IN SANTA CRUZ, CALIFORNIA AND IS CURRENTLY OPERATING UNDER THE NAME OF GAULT STREET.

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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 $167,089

Program Service Revenue $180,878

Investment Income $135

Other Revenue $5,838

TOTAL REVENUE $353,940

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $539,658

Other Expenses $554,143

TOTAL EXPENSES $554,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$353,940	$348,066	+0.0%
Expenses	$554,143	$501,968	+0.1%
Net Income	$-200,203	$-153,902	+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

N/A

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

$2,926,037

Total Directors

$720,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
LILLIAN LEW-HAILER	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$17,820	$237,530
RAMIE DARE	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$20,964	$250,355
ALVIN TUVILLA	VICE PRESIDENT	1.00	Officer	$0	$11,670	$180,748
AMY BAYLEY	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
DOUG SHOEMAKER	PRESIDENT	1.00	Officer	$0	$25,195	$321,446
ED HOLDER	VICE PRESIDENT	1.00	Officer	$0	$38,385	$293,494
ELIZABETH KUWADA	VICE PRESIDENT	1.00	Officer	$0	$22,734	$220,151
ERIKA VILLABLANCA	VICE PRESIDENT	1.00	Officer	$0	$28,669	$205,960
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RICK SPRAGUE	VICE PRESIDENT	1.00	Officer	$0	$14,598	$183,401
TIMOTHY DUNN	VICE PRESIDENT	1.00	Officer	$0	$33,259	$201,896
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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	$353,940	$554,143	$1,661,077	$-200,203
2022	$348,066	$501,968	$1,841,118	$-153,902
2021	$327,893	$507,307	$2,002,942	$-179,414
2020	$311,940	$470,389	$2,168,046	$-158,449
2019	$316,388	$465,473	$2,315,300	$-149,085
2018	$276,491	$454,609	$2,453,996	$-178,118