KELSEY (EIN 842909645) - 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

2019

Legal Domicile

Principal Officer

Gilbert Yanez

Phone

4154133871

Tax Period

2023-01-01 to 2023-12-31

KELSEY, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Net assets of $10.4M represent 61 months of operating reserves.

Mission

The Kelsey advances disability-forward housing solutions that open doors to homes and opportunities for everyone. We both co-develop affordable, accessible, inclusive housing and lead advocacy and field-building efforts to create market conditions so inclusive housing becomes the norm.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,983,880

Program Service Revenue $22,246

Investment Income $19,089

Other Revenue $0

TOTAL REVENUE $2,025,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,539,548

Fundraising Expenses $344,685

Program Expenses $1,336,718

Other Expenses $520,203

TOTAL EXPENSES $2,062,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,025,215	$6,212,775	-0.7%
Expenses	$2,062,043	$1,378,779	+0.5%
Net Income	$-36,828	$4,833,996	-1.0%

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

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

$345,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Micaela Connery	CEO	40.00	Officer	$177,000	$0	$177,000
Caroline Bas	COO	40.00	Officer	$168,000	$0	$168,000
Dom Kelly	Director	2.00	Director	$0	$0	$0
Lindsy Johnson	Director	2.00	Director	$0	$0	$0
Shaina Li	Director	2.00	Director	$0	$0	$0
Steve Wade	Director	2.00	Director	$0	$0	$0
Swathi Bonda	Director	2.00	Director	$0	$0	$0
Will Goodman	Director	2.00	Director	$0	$0	$0
Arpitha Shetty	Director	2.00	Director	$0	$0	$0
Capri Roth	Director	2.00	Director	$0	$0	$0
Jennifer Angarita	Director	2.00	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
2024	No data	No data	No data	No data
2023	$2,025,215	$2,062,043	$10,495,453	$-36,828
2022	$6,212,775	$1,378,779	$10,466,619	$4,833,996
2021	$4,017,787	$1,267,813	$12,577,156	$2,749,974
2020	$3,552,027	$793,057	$5,455,026	$2,758,970
2019	$232,292	$185,197	$1,347,086	$47,095

KELSEY