CARITAS CENTER QALICB

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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

RICK ABBOTT

Phone

7075288712

Tax Period

2024-07-01 to 2025-06-30

CARITAS CENTER QALICB, founded in 2020, is a small nonprofit in the Human Services sector that reported $357K in total revenue in fiscal year 2024. Expenses of $2.0M exceeded revenue, resulting in a 459% operating deficit.

Mission

CATHOLIC CHARITIES CREATES ACCESS TO OPPORTUNITIES FOR SELF-SUFFICIENCY BY PROVIDING INNOVATIVE AND COMPASSIONATE SERVICES TO PEOPLE OF ALL BACKGROUNDS, BELIEFS AND CULTURES.

Program Service Accomplishments

Program 1

Expenses: $1,996,258 Revenue: $350,000

CARITAS CENTER QALICB ("CARITAS") IS A NOT-FOR-PROFIT ORGANIZATION FORMED FOR THE PURPOSES OF OBTAINING FUNDING THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, A PROGRAM OF THE COMMUNITY...

CARITAS CENTER QALICB ("CARITAS") IS A NOT-FOR-PROFIT ORGANIZATION FORMED FOR THE PURPOSES OF OBTAINING FUNDING THROUGH THE NEW MARKETS TAX CREDIT (NMTC) PROGRAM, A PROGRAM OF THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND (A DIVISION OF THE DEPARTMENT OF TREASURY), AND MAINTAINS ALL OPERATIONS OF CARITAS CENTER AND CARITAS HOMES (PROGRAMS OF CATHOLIC CHARITIES OF THE DIOCESE OF SANTA ROSA DBA CATHOLIC CHARITIES OF NORTHWEST CALIFORNIA).CARITAS CENTER'S 48,000 SQUARE FEET, 3-STORY BUILDING, INCLUDES A FAMILY SHELTER, HEAD START SCHOOL, HOUSING CASE MANAGEMENT, A DROP-IN DIGNITY CENTER, AND A RECUPERATION SHELTER, AS WELL AS A NEW HEALTH CLINIC PARTNERSHIP WITH SANTA ROSA COMMUNITY HEALTH. THE PRIMARY OBJECTIVE OF CARITAS CENTER IS TO PROVIDE A BRIDGE FROM HOMELESSNESS TO HOUSING THROUGH FULLY INTEGRATED SERVICE.CARITAS HOMES WILL CONSIST OF 128 PERMANENT, AFFORDABLE HOUSING APARTMENTS. CARITAS HOMES 1 (PHASE ONE) WAS FUNDED, BUILT, AND MANAGED BY THE ORGANIZATION'S NONPROFIT AFFORDABLE HOUSING DEVELOPMENT PARTNER, BURBANK HOUSING DEVELOPMENT CORPORATION. CONSTRUCTION OF CARITAS HOMES 1 (64 UNITS) BEGAN IN FISCAL YEAR 2023 AND OPENED IN JULY 2024. A PORTION OF THE APARTMENTS ARE SET ASIDE FOR FORMERLY HOMELESS SENIORS, VETERANS, AND OTHER VULNERABLE INDIVIDUALS, WITH THE REMAINING UNITS DESIGNATED FOR LOW-INCOME FAMILIES AND SINGLES WHO WORK BUT ARE UNABLE TO AFFORD MARKET RENTS.

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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 $0

Program Service Revenue $350,000

Investment Income $6,977

Other Revenue $0

TOTAL REVENUE $356,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,996,258

Other Expenses $1,996,258

TOTAL EXPENSES $1,996,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$356,977	$361,089	0.0%
Expenses	$1,996,258	$1,906,443	+0.0%
Net Income	$-1,639,281	$-1,545,354	+0.1%

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

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
RICK ABBOTT	PRESIDENT	2.00	Officer Director	$0	$0	$0
LEN MARABELLA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOAN MAXWELL	TREASURER	2.00	Officer Director	$0	$0	$0
ELLIOT LEVIN	SECRETARY	2.00	Officer Director	$0	$0	$0
BERT BANGSBERG	DIRECTOR	2.00	Director	$0	$0	$0
FRANK CONNELLY	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
2025	$356,977	$1,996,258	$42,238,328	$-1,639,281
2024	$361,089	$1,906,443	$43,902,914	$-1,545,354
2023	$389,570	$1,403,899	$45,318,677	$-1,014,329
2022	No data	No data	$51,752,457	No data
2021	$7,996,764	No data	$48,490,648	No data
2021	$5,333,806	No data	$46,924,484	No data