LIFT TO RISE

EIN: 825258187 501(c)(3) Human Services

PALM DESERT, CA

Total Revenue
$2,339,690
Total Expenses
$3,396,627
Total Assets
$22,371,223
Net Assets
$19,929,671
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
CA
Principal Officer
HEATHER VAIKONA
Phone
7606360420
Tax Period
2024-07-01 to 2025-06-30

LIFT TO RISE, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 45% operating deficit.

Mission

LIFT TO RISE IS THE BACKBONE OF A COALITION OF MORE THAN 70 PARTNERS CARRYING OUT A BOLD PLAN TO INCREASE HOUSING AFFORDABILITY IN THE COACHELLA VALLEY. WE BRING TOGETHER LOCAL GOVERNMENTS, AFFORDABLE HOUSING DEVELOPERS, COMMUNITY GROUPS, AND RESIDENT LEADERS TO SOLVE THE CHALLENGES THAT SLOW AFFORDABLE HOUSING PRODUCTION SO THE COACHELLA VALLEY CAN BE A PLACE WHERE EVERYONE THRIVES.

Program Service Accomplishments

Program 1
Expenses: $2,550,289 Revenue: $396,904

LIFT TO RISE SERVES AS THE BACKBONE ORGANIZATION FOR A MULTI-SECTOR COLLECTIVE IMPACT INITIATIVE COMMITTED TO REDUCING RENT BURDEN BY 30% IN THE COACHELLA VALLEY THROUGH THE PRODUCTION OF 10,000...

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LIFT TO RISE SERVES AS THE BACKBONE ORGANIZATION FOR A MULTI-SECTOR COLLECTIVE IMPACT INITIATIVE COMMITTED TO REDUCING RENT BURDEN BY 30% IN THE COACHELLA VALLEY THROUGH THE PRODUCTION OF 10,000 UNITS OF AFFORDABLE HOUSING BY 2028. OUR KEY AREAS OF WORK INCLUDE: CONVENING: WE ANCHOR AND COORDINATE A REGIONAL COLLABORATIVE KNOWN AS THE HOUSING COLLABORATIVE ACTION NETWORK (CAN), GUIDING OVER 70 PARTNERS ACROSS SECTORS THROUGH BIANNUAL ACTION PLANNING AND ALIGNED CONTRIBUTIONS TOWARD OUR SHARED GOAL. PIPELINE DEVELOPMENT: WE TRACK AND MAINTAIN A REAL-TIME REGIONAL PIPELINE OF AFFORDABLE HOUSING PROJECTS, IDENTIFYING SYSTEMIC BARRIERS ACROSS JURISDICTIONS AND DEVELOPMENTS THAT INFORM STRATEGIC INTERVENTIONS TO ACCELERATE PRODUCTION. INVESTMENT: THROUGH OUR INNOVATIVE WE LIFT CATALYST FUNDA REVOLVING LOAN FUND THAT LEVERAGES PUBLIC, PRIVATE, AND CDFI RESOURCESWE DEPLOY FLEXIBLE, LOW-INTEREST CAPITAL TO HARD-TO-FUND AND COMMUNITY-PRIORITIZED AFFORDABLE HOUSING PROJECTS THAT FACE FINANCING GAPS IN THIS HISTORICALLY UNDERINVESTED REGION. POLICY ADVOCACY: WE LEAD LOCAL, STATE, AND FEDERAL ADVOCACY EFFORTS TO ALIGN REGULATORY FRAMEWORKS AND PUBLIC FUNDING SOURCES WITH THE UNIQUE NEEDS OF THE COACHELLA VALLEY AFFORDABLE HOUSING PIPELINE, POSITIONING OUR REGION TO SECURE AND EFFECTIVELY USE MORE HOUSING RESOURCES. MOVEMENT BUILDING: WE ENGAGE AND MOBILIZE LOCAL RESIDENTS TO CIVIC ACTION THROUGH OUR RESIDENT LEADERSHIP TABLE AND COMMITTEES BY CITIES INITIATIVES, WHOSE MEMBERS SERVE AS THE BOOTS ON THE GROUND OF OUR REGIONAL HOUSING AFFORDABILITY INITIATIVE. IN ADDITION, OUR STRATEGIC COMMUNICATIONS WORK SHIFTS NARRATIVES AND GARNERS PUBLIC SUPPORT FOR HOUSING SOLUTIONS ACROSS THE VALLEY. KEY SUCCESSES: SINCE THE INITIATIVE'S LAUNCH IN 2018, LIFT TO RISE AND ITS PARTNERS HAVE DRIVEN TRANSFORMATIVE CHANGE. THE REGION'S AFFORDABLE HOUSING PIPELINE HAS GROWN FROM AN AVERAGE OF JUST 38 UNITS PER YEAR PRE-2018 TO OVER 9,100 UNITS NOW PLANNED OR UNDERWAY. OUR CATALYST FUND HAS DEPLOYED OR COMMITTED OVER $34 MILLION IN LOANS TO SPARK DEVELOPMENT OF NEARLY 1,000 AFFORDABLE UNITS. WE HAVE ALSO MOBILIZED OVER 2,000 RESIDENTS TO PARTICIPATE IN CIVIC ENGAGEMENT, PUSHING LOCAL CITY COUNCILS, STATE LEGISLATORS, AND FEDERAL REPRESENTATIVES FOR MORE RESOURCES FOR OUR COMMUNITY. THESE EFFORTS HAVE SIGNIFICANTLY RAISED THE COACHELLA VALLEY'S PROFILE AS AN INNOVATOR IN COLLABORATIVE HOUSING SOLUTIONS, RESULTING IN INCREASED INVESTMENT AND ATTENTION FROM FEDERAL, STATE, AND PHILANTHROPIC PARTNERS.

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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 $1,484,956
Program Service Revenue $396,904
Investment Income $457,830
Other Revenue $0
TOTAL REVENUE $2,339,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,535,359
Fundraising Expenses $62,799
Program Expenses $2,550,289
Other Expenses $1,861,268
TOTAL EXPENSES $3,396,627

Year-over-Year Comparison

2024 2023 Change
Revenue $2,339,690 $7,597,503 -0.7%
Expenses $3,396,627 $4,160,036 -0.2%
Net Income $-1,056,937 $3,437,467 -1.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
15
Volunteers
30

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
5
$416,998
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT HORTON BOARD CHAIR 5.00
Officer Director
$0 $0 $0
MARIELA MAGANA CEBALLOS VICE CHAIR 5.00
Officer Director
$0 $0 $0
NADIA VILLAGRAN IMMEDIATE PAST CHAIR 5.00
Director
$0 $0 $0
BEATRIZ GONZALEZ INIGUEZ SECRETARY 5.00
Officer Director
$0 $0 $0
CHRIS KENNEN TREASURER 5.00
Officer Director
$0 $0 $0
JAIME ALONSO BOARD MEMBER 5.00
Director
$0 $0 $0
HEATHER VAIKONA CEO 40.00
Officer
$391,967 $25,031 $416,998
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 $2,339,690 $3,396,627 $22,371,223 $-1,056,937
2024 No data No data No data No data
2023 $34,532,631 $17,902,377 $18,507,666 $16,630,254
2022 $56,799,508 $56,749,705 $10,036,798 $49,803
2021 $22,074,491 $21,617,024 $7,966,445 $457,467
2020 $1,590,311 $1,978,787 $4,278,089 $-388,476
2019 $2,220,749 $1,420,612 $995,533 $800,137
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