Homeownership for Families and Tax… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

Laiza Negrete

Phone

2136246200

Tax Period

2022-01-01 to 2022-12-31

Homeownership for Families and Tax Savings for Seniors, founded in 2018, is a mid-sized nonprofit that reported $10.0M in total revenue in fiscal year 2022. Revenue surged 360390% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.9M, a strong 99% operating margin.

Mission

To serve as a coalition of businesses and property owners seeking to promote affordable housing through fair tax policy.

Program Service Accomplishments

Program 1

Research, analysis and development of programs to educate California homeowners and real estate brokers regarding statewide initiatives related to property taxes.

Program 2

N/A

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,000,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,000,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $86,433

TOTAL EXPENSES $86,433

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,000,000	$2,774	+3603.9%
Expenses	$86,433	$752,512	-0.9%
Net Income	$9,913,567	$-749,738	-14.2%

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

Employees

N/A

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

$288,238

Total Directors

$712,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sanjay Wagle	Director	1	Director	$0	$60,493	$424,572
Laiza Negrete	Chief Executive Officer and Director	1	Officer Director	$0	$33,785	$288,238
Richard Violett	President and Director	1	Officer Director	$0	$0	$0
Cary Davidson	Treasurer and Secretary	1	Officer	$0	$0	$0
Flora Yin	Assistant Treasurer	1	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
2024	No data	No data	No data	No data
2022	$10,000,000	$86,433	$9,455	$9,913,567
2020	$10,990,341	$27,252,253	$633,436	$-16,261,912

Homeownership for Families and Tax Savings for Seniors