CENTRAL COAST HOUSING CORPORATION

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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

1986

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

CENTRAL COAST HOUSING CORPORATION, founded in 1986, is a micro nonprofit in the Housing & Shelter sector that reported $72K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $104K exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITIES TO LOW-INCOME RESIDENTS IN SANTA CRUZ COUNTY

Program Service Accomplishments

Program 1

Expenses: $92,930 Revenue: $48,050

THE CORPORATION'S EXEMPT FUNCTION AND PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES. IT IDENTIFIES AND ACTS AS PRIMARY DEVELOPER OF HOUSING. IT RECEIVES FEES AS OTHER REVENUE FOR...

THE CORPORATION'S EXEMPT FUNCTION AND PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES. IT IDENTIFIES AND ACTS AS PRIMARY DEVELOPER OF HOUSING. IT RECEIVES FEES AS OTHER REVENUE FOR ITS SERVICES AS WELL AS OPERATING A LOW INCOME HOUSING PROJECT.

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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 $23,891

Program Service Revenue $48,050

Investment Income $495

Other Revenue $0

TOTAL REVENUE $72,436

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $92,930

Other Expenses $104,372

TOTAL EXPENSES $104,372

Year-over-Year Comparison

	2023	2022	Change
Revenue	$72,436	$580,072	-0.9%
Expenses	$104,372	$585,023	-0.8%
Net Income	$-31,936	$-4,951	+5.5%

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

$3,125,109

Total Directors

$237,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN LEW-HAILER	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$17,820	$237,530
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
JOSEPH ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RAMIE DARE	VICE PRESIDENT	1.00	Officer	$0	$20,964	$250,355
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
RICH CIRAULO	VICE PRESIDENT	1.00	Officer	$0	$34,056	$199,072

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	$72,436	$104,372	$7,322,059	$-31,936
2022	$580,072	$585,023	$7,348,664	$-4,951
2021	$1,239,132	$1,215,930	$5,170,222	$23,202
2020	$1,140,384	$1,178,979	$5,151,444	$-38,595
2019	$1,001,542	$1,125,153	$5,194,094	$-123,611
2018	$877,750	$1,076,502	$5,345,592	$-198,752