Abundant Housing LA

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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.

Program Service Accomplishments

Program 1

Expenses: $1,024,749

Abundant Housing LA is a pro-housing, nonprofit advocacy organization working to help solve Southern Californias housing crisis. Our organization supports more housing at all levels of affordability and reforms to land use and zoning codes, which are needed in order to make housing more affordable, improve access to jobs and transit, promote greater environmental sustainability, and advance racial and economic equity. We advocate for more housing of all types, send letters and show up at meetings to speak out in favor of new housing projects. We also conduct research and educate the public as well as elected officials on the benefits of more housing. As a 501(c)4 organization, we also engage in political activity to support pro-housing candidates for office. Together with the Abundant Housing LA Education Fund, our 501(c)3 partner organization,we are the YIMBY (Yes In My Backyard) voice for LA County. A small group of NIMBY (Not In My Backyard) Angelenos protect housing scarcity and stand in the way of more affordable housing for Angelenos. We instead stand for a Los Angeles with abundant housing near good jobs and accessible to convenient, sustainable transit. Abundant Housing LA began as an all-volunteer organization in 2016, and while weve grown over the years, most of our on-the-ground work is still done by volunteers. Reach out to get involved and join the party!

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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