VIVENTE 2 INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

MATTHEW O FRANKLIN

Phone

6503562900

Tax Period

2023-01-01 to 2023-12-31

VIVENTE 2 INC, founded in 1985, is a small nonprofit in the Human Services sector that reported $683K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $588K left a modest 14% surplus.

Mission

IN CONJUNCTION WITH RELATED ORGANIZATIONS, MIDPEN HOUSING CORPORATION'S MISSION IS TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED; TO ESTABLISH STABILITY AND OPPORTUNITY IN THE LIVES OF RESIDENTS; AND TO FOSTER DIVERSE COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY AND MUTUAL RESPECT.

Program Service Accomplishments

Program 1

Expenses: $552,523 Revenue: $162,330

THE ORGANIZATION PROVIDES 29 RENTAL UNITS FOR LOW INCOME AND DISABLED PERSONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $475,297

Program Service Revenue $163,028

Investment Income $44,535

Other Revenue $0

TOTAL REVENUE $682,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,254

Fundraising Expenses $0

Program Expenses $552,523

Other Expenses $543,002

TOTAL EXPENSES $588,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$682,860	$629,059	+0.1%
Expenses	$588,256	$639,902	-0.1%
Net Income	$94,604	$-10,843	-9.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,820,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC HARRISON	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
JESSICA GARCIA-KOHL	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
GINA DIAZ	SECRETARY	0.20	Officer Director	$0	$0	$0
ENRIQUE TORRES	TREASURER	0.20	Officer Director	$0	$0	$0
TERRY FREEMAN	DIRECTOR	0.20	Director	$0	$0	$0
RENEE MCDONNELL	DIRECTOR	0.20	Director	$0	$0	$0
BETH BARTLETT	DIRECTOR	0.20	Director	$0	$0	$0
ELISA DE LAET JAGERSON	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER HICKS	DIRECTOR	0.20	Director	$0	$0	$0
FAY SIEN GOON	DIRECTOR	0.20	Director	$0	$0	$0
JENNIFER MARTINEZ	DIRECTOR	0.20	Director	$0	$0	$0
CHAN U LEE	DIRECTOR	0.20	Director	$0	$0	$0
ROB HOLLISTER	DIRECTOR	0.20	Director	$0	$0	$0
MATTHEW O FRANKLIN	CEO/PRESIDENT/ASST. SECRETARY	0.50	Officer	$0	$54,523	$692,605
SHWETHA SUBRAMANIAN	CREDO / ASSISTANT SECRETARY	0.00	Officer	$0	$12,167	$383,262
MICHAEL J VERGURA	CFO / ASSISTANT SECRETARY	0.50	Officer	$0	$59,660	$484,601
JANINE LIND	COO / ASSISTANT SECRETARY	1.00	Officer	$0	$45,469	$533,385
LANCE SMITH	VP/CORP. COUNSEL & BROKER/ASST. SECRETARY	0.00	Officer	$0	$45,625	$355,061
KASEY ARCHERY	ASSISTANT SECRETARY	0.10	Officer	$0	$33,914	$371,936

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	$682,860	$588,256	$4,292,818	$94,604
2022	$629,059	$639,902	$4,273,976	$-10,843
2021	$639,990	$592,086	$4,345,427	$47,904
2020	$627,391	$588,578	$4,374,018	$38,813
2019	$625,498	$590,130	$4,389,377	$35,368
2018	$604,931	$780,934	$4,425,144	$-176,003