SURF DEVELOPMENT COMPANY 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

1988

Legal Domicile

Principal Officer

Irene Melton

Phone

8057363423

Tax Period

2023-07-01 to 2024-06-30

SURF DEVELOPMENT COMPANY INC, founded in 1988, is a community nonprofit in the Unknown sector that reported $2.5M in total revenue in fiscal year 2023. The organization ran a surplus of $650K, a strong 26% operating margin.

Mission

PROVIDE HOUSING FOR LOW INCOME FAMILIES AND ELDERLY AND DISABLED PERSONS WHO CANNOT AFFORD DECENT, SAFE, AND SANITARY HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,372,977 Revenue: $2,529,749

PROVIDE HOUSING FOR LOW INCOME FAMILIES AND ELDERLY AND DISABLED PERSONS WHO CANNOT AFFORD DECENT, SAFE, AND SANITARY HOUSING.

🔒

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 $0

Program Service Revenue $2,520,393

Investment Income $15,055

Other Revenue $0

TOTAL REVENUE $2,535,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,028,352

Fundraising Expenses $0

Program Expenses $1,372,977

Other Expenses $857,203

TOTAL EXPENSES $1,885,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,535,448	$2,532,281	+0.0%
Expenses	$1,885,555	$1,638,058	+0.2%
Net Income	$649,893	$894,223	-0.3%

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

Volunteers

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
Milton E Johns	Senior Project Man	40.00		$215,612	$0	$215,612
Nancy L Wesoff	Dir. of Contract	40.00		$172,922	$0	$172,922
Mark W Cromer	Project Manager	40.00		$153,098	$0	$153,098
Larry K Deese	Senior Project Man	40.00		$139,013	$0	$139,013
RAYMOND F DOWN	President	2.00	Officer Director	$0	$0	$0
Mark Paul	Vice President	2.00	Officer Director	$0	$0	$0
Terri Zuniga	Director	2.00	Director	$0	$0	$0
Glenn Bacheller	Director	2.00	Director	$0	$0	$0
Lourdes Espinoza	Director	2.00	Director	$0	$0	$0
Leticia Leon	Director	2.00	Director	$0	$0	$0
ROBERT P HAVLICEK JR	CEO	2.00	Officer	$0	$0	$0
Irene Melton	CFO	2.00	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	$2,535,448	$1,885,555	$10,961,430	$649,893
2023	$2,532,281	$1,638,058	$9,092,440	$894,223
2022	$1,068,431	$1,392,170	$7,543,447	$-323,739
2021	$1,478,920	$1,387,509	$6,643,555	$91,411
2020	$913,568	$1,022,833	$6,671,409	$-109,265
2019	$767,790	$832,787	$6,201,057	$-64,997