Abundant Housing LA (EIN 851253809) - 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

2020

Legal Domicile

Principal Officer

David Edimo

Phone

2137971899

Tax Period

2024-01-01 to 2024-12-31

Abundant Housing LA, founded in 2020, is a small nonprofit that reported $913K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

To encourage, advocate for, and support the creation of an equitable and environmentally sustainable region where all current and future Angelenos can afford to live, including through legislation, regulations, and government programs.

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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 $913,252

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $913,252

Expense Breakdown

Grants Paid $0

Salaries & Benefits $870,926

Fundraising Expenses $0

Program Expenses $1,024,749

Other Expenses $206,686

TOTAL EXPENSES $1,077,612

Year-over-Year Comparison

	2024	2023	Change
Revenue	$913,252	$1,061,157	-0.1%
Expenses	$1,077,612	$1,069,604	+0.0%
Net Income	$-164,360	$-8,447	+18.5%

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

300

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
Azeen Khanmalek	Executive Director	40.00		$133,637	$0	$133,637
Cameron Mockabee	Director	5.00	Director	$0	$0	$0
Brent Gaisford	Director	5.00	Director	$0	$0	$0
David Edimo	Chair (Interim)	5.00	Officer Director	$0	$0	$0
Jonathan Yang	Director	5.00	Director	$0	$0	$0
Kathrina Abrot	Director	5.00	Director	$0	$0	$0
Gabe Rose	Director	5.00	Director	$0	$0	$0
Eduardo Mendoza	Director	5.00	Director	$0	$0	$0
Chris Tokita	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
2024	No data	No data	No data	No data
2024	$913,252	$1,077,612	$507,201	$-164,360
2023	$1,061,157	$1,069,604	$719,325	$-8,447
2022	$836,562	$774,124	$814,035	$62,438
2021	$560,718	$410,333	$619,475	$150,385
2020	$494,030	$33,182	$460,880	$460,848

Abundant Housing LA