CHIARA COMMUNITIES FOUNDATION INC

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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

GLEN CHOBAN

Phone

2627981224

Tax Period

2025-01-01 to 2025-12-31

CHIARA COMMUNITIES FOUNDATION INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $342K in total revenue in fiscal year 2025. Revenue surged 2223% from the prior year, signaling strong growth momentum. The organization ran a surplus of $341K, a strong 100% operating margin.

Mission

CHIARA COMMUNITIES FOUNDATION WAS FORMED EXCLUSIVELY TO DEVOTE TO A PROGRAM OF SUPPORT AND CHARITABLE ACTIVITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC OF THE 1986. THE ORGANIZATION MAY ALSO PROVIDE HOUSING FOR THE ELDERLY AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS. THE ORGANIZATION IS A TYPE II SUPPORTING ORG ASSISTING ITS SUPPORTING ORGANIZATIONS IN MEEETING THEIR CHARITABLE PURPOSES. THOSE SUPPORTING ORGANIZATIONS ARE 501(C)(3) ORGS THAT PROVIDE SPECIALLY DESIGNED HOUSING TO ELDERLY PERSONS AND LOW-INCOME ELDERLY PERSONS AT THE LOWEST FEASIBLE COST, AND MAINTAINS IN RESIDENCE THOSE TENANTS WHO SUBSEQUENTLY BECOME UNABLE TO PAY MONTHLY RENT, CARE COSTS AND FEES.

Program Service Accomplishments

Program 1

Expenses: $818 Revenue: $100,050

General donations and expenses - these funds will be used for scholarships for employees and assistance to residents of the supported oragnizations

Program 2

Expenses: $0 Revenue: $242,969

These funds were used to make a loan to one of our non-profit, low-income housing communities. It is to be paid back as funds are available since excess cash flow is not typical.

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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 (2025)

Revenue Breakdown

Contributions & Grants $343,019

Program Service Revenue $0

Investment Income $0

Other Revenue $-1,053

TOTAL REVENUE $341,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $818

Other Expenses $818

TOTAL EXPENSES $818

Year-over-Year Comparison

	2025	2024	Change
Revenue	$341,966	$14,724	+22.2%
Expenses	$818	$1,662	-0.5%
Net Income	$341,148	$13,062	+25.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLEN CHOBAN	CHAIRMAN/ DIRECTOR	10.00	Officer Director	$0	$0	$0
RUSS MCMINN	TREASURER/ DIRECTOR	10.00	Officer Director	$0	$0	$0
FR TIM KITZKE	DIRECTOR	5.00	Director	$0	$0	$0
RICARDO DIAZ	DIRECTOR	5.00	Director	$0	$0	$0
JERRY NEARY	DIRECTOR	10.00	Director	$0	$0	$0
MARIANNE RAYMONDS	DIRECTOR	5.00	Director	$0	$0	$0
JOHN YENTZ	DIRECTOR	5.00	Director	$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	$341,966	$818	$386,164	$341,148