ROTARY PLAZAHACSC HDC INC

EIN: 770282660 501(c)(3) Housing & Shelter

SAN JOSE, CA

Total Revenue
$3,699,315
Total Expenses
$3,028,393
Total Assets
$19,083,063
Net Assets
$7,339,939
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
PRESTON PRINCE
Phone
4082758770
Tax Period
2024-01-01 to 2024-12-31

ROTARY PLAZAHACSC HDC INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $671K, a strong 18% operating margin.

Mission

TO FACILITATE THE DEVELOPMENT OF AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1
Expenses: $3,008,830 Revenue: $3,710,851

ON APRIL 19, 2013, ROTARY PLAZA ACQUIRED MORRONE GARDENS APARTMENTS (MORRONE GARDENS), A 102-UNIT AFFORDABLE HOUSING COMPLEX FOR THE ELDERLY LOCATED IN SAN JOSE, CALIFORNIA FROM MORRONE GARDENS...

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ON APRIL 19, 2013, ROTARY PLAZA ACQUIRED MORRONE GARDENS APARTMENTS (MORRONE GARDENS), A 102-UNIT AFFORDABLE HOUSING COMPLEX FOR THE ELDERLY LOCATED IN SAN JOSE, CALIFORNIA FROM MORRONE GARDENS ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP, OF WHICH ROTARY PLAZA WAS THE GENERAL PARTNER.ROTARY PLAZA WAS THE GENERAL PARTNER OF HUFF AVENUE ASSOCIATES, A CALIFORNIA LIMITED PARTNERSHIP FORMED ON MARCH 7, 1994, WHICH OWNED AND OPERATED A 72-UNIT AFFORDABLE HOUSING COMPLEX LOCATED IN SAN JOSE, CALIFORNIA, OPERATING UNDER THE NAME OF HUFF GARDENS APARTMENTS (HUFF GARDENS). ON DECEMBER 11, 2015, HUFF GARDENS WAS TRANSFERRED TO HUFF AVENUE LLC, A LIMITED LIABILITY COMPANY FORMED ON JULY 3, 2014. ROTARY PLAZA IS THE SOLE MEMBER OF HUFF AVENUE LLC.

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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 $3,710,851
Investment Income $-11,536
Other Revenue $0
TOTAL REVENUE $3,699,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,008,830
Other Expenses $3,028,393
TOTAL EXPENSES $3,028,393

Year-over-Year Comparison

2024 2023 Change
Revenue $3,699,315 $3,302,404 +0.1%
Expenses $3,028,393 $3,262,257 -0.1%
Net Income $670,922 $40,147 +15.7%
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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Governance

Voting Members
3
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
$1,143,462
Total Directors
3
$1,143,462
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PRESTON PRINCE PRESIDENT 1.00
Officer Director
$0 $69,198 $507,304
RUSSELL BRUNSON VICE PRESIDENT/SECRETARY 1.00
Officer Director
$0 $17,712 $308,835
FLAHERTY WARD VICE PRESIDENT/TREASURER 1.00
Officer Director
$0 $39,072 $327,323
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 $3,699,315 $3,028,393 $19,083,063 $670,922
2023 $3,302,404 $3,262,257 $18,705,479 $40,147
2022 $3,380,028 $2,678,635 $19,303,183 $701,393
2021 $3,219,154 $2,735,681 $18,772,177 $483,473
2020 $3,020,331 $2,499,374 $12,745,463 $520,957
2019 $2,879,149 $2,423,094 $12,663,362 $456,055
2018 $2,843,247 $2,254,674 $12,960,759 $588,573
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