PADRE APARTMENTS COMMUNITY (EIN 840789830) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2024-01-01 to 2024-12-31

PADRE APARTMENTS COMMUNITY, founded in 1996, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $956K left a modest 6% surplus.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HOUSING SERVICES FOR LOW-INCOME AND HOMELESS PERSONS, WITH HOUSING FACILITIES AND EDUCATIONAL AND SUPPORTIVE SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $746,229

Program Service Revenue $227,812

Investment Income $43,605

Other Revenue $2,842

TOTAL REVENUE $1,020,488

Expense Breakdown

Grants Paid $113,562

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $877,938

Other Expenses $842,888

TOTAL EXPENSES $956,450

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,020,488	$951,788	+0.1%
Expenses	$956,450	$932,426	+0.0%
Net Income	$64,038	$19,362	+2.3%

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

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

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

$3,532,060

Total Directors

$824,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN LEW-HAILER	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$20,643	$257,735
MELISSA CLAYTON	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$35,478	$308,489
RAMIE DARE	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$22,164	$258,451
ALVIN TUVILLA	VICE PRESIDENT	0.10	Officer	$0	$11,996	$186,256
AMY BAYLEY	ASSISTANT SECRETARY	0.10	Officer	$0	$0	$0
ASHLEI HURST	VICE PRESIDENT	0.10	Officer	$0	$18,292	$189,020
CHAD PAYNE	TREASURER	0.10	Officer	$0	$9,965	$211,480
DOUG SHOEMAKER	PRESIDENT	0.10	Officer	$0	$22,009	$317,896
ED HOLDER	VICE PRESIDENT	0.10	Officer	$0	$45,695	$310,484
ELIZABETH KUWADA	VICE PRESIDENT	0.10	Officer	$0	$23,339	$227,467
ERIKA VILLABLANCA	VICE PRESIDENT	0.10	Officer	$0	$28,906	$212,565
JOE ROSENBLUM	SECRETARY	0.10	Officer	$0	$10,382	$242,964
KASSIDI BOENING	VICE PRESIDENT	0.10	Officer	$0	$31,209	$195,151
RICH CIRAULO	VICE PRESIDENT	0.10	Officer	$0	$34,343	$215,191
RICK SPRAGUE	VICE PRESIDENT	0.10	Officer	$0	$15,510	$190,380
TIM DUNN	VICE PRESIDENT	0.10	Officer	$0	$34,000	$208,531

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	$1,020,488	$956,450	$2,374,539	$64,038
2023	$951,788	$932,426	$2,355,685	$19,362
2022	$889,021	$794,058	$2,502,480	$94,963
2021	$911,270	$726,852	$2,427,013	$184,418
2020	$927,631	$751,980	$2,494,567	$175,651
2019	$895,902	$764,908	$2,572,623	$130,994
2018	$859,827	$750,151	$2,625,289	$109,676

PADRE APARTMENTS COMMUNITY