SANTA CRUZ APARTMENTS INC

EIN: 860712873 501(c)(3) Housing & Shelter

PHOENIX, AZ

Total Revenue
$1,383,885
Total Expenses
$1,619,670
Total Assets
$1,630,053
Net Assets
$-316,028
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
AZ
Principal Officer
ALICIA NUNEZ
Phone
6022520482
Tax Period
2024-07-01 to 2025-06-30

SANTA CRUZ APARTMENTS INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

SANTA CRUZ APARTMENTS, INC. WAS ORGANIZED TO ACQUIRE, OWN AND OPERATE A 132 UNIT APARTMENT COMMUNITY IN TUCSON, ARIZONA, KNOWN AS SANTA CRUZ APARTMENTS. THE COMMUNITY WAS PURCHASED FROM THE RESOLUTION TRUST CORPORATION ON DECEMBER 17, 1993. THE COMMUNITY WAS ORIGINALLY FINANCED BY THE CORPORATION UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. ON JUNE 24, 2003, THE COMMUNITY WAS REFINANCED AND THE FHA MORTGAGE LOAN WAS PAID IN FULL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,262,146
Investment Income $974
Other Revenue $120,765
TOTAL REVENUE $1,383,885

Expense Breakdown

Grants Paid $500,000
Salaries & Benefits $281,151
Fundraising Expenses $0
Program Expenses $1,486,096
Other Expenses $838,519
TOTAL EXPENSES $1,619,670

Year-over-Year Comparison

2024 2023 Change
Revenue $1,383,885 $1,286,774 +0.1%
Expenses $1,619,670 $1,114,511 +0.5%
Net Income $-235,785 $172,263 -2.4%
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

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Governance

Voting Members
4
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
5
$2,151,539
Total Directors
4
$1,753,804
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA NUNEZ CHAIRMAN 0.50
Officer Director
$0 $32,930 $609,459
MAX GONZALES SECRETARY 0.50
Officer Director
$0 $24,821 $420,821
PATRICIA DUARTE VICE CHAIRMAN 0.50
Officer Director
$0 $13,339 $336,681
JESSE SATTERLEE TREASURER 0.50
Officer Director
$0 $1,488 $386,843
JOSE MARTINEZ PRESIDENT 0.50
Officer
$0 $14,806 $397,735
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 $1,383,885 $1,619,670 $1,630,053 $-235,785
2024 $1,286,774 $1,114,511 $1,925,440 $172,263
2023 $1,189,541 $966,336 $1,778,171 $223,205
2022 $1,037,855 $800,351 $1,560,587 $237,504
2021 $981,096 $765,921 $1,344,730 $215,175
2020 $964,065 $768,788 $1,173,456 $195,277
2019 $940,045 $789,242 $996,908 $150,803
2018 $872,264 $777,594 $881,356 $94,670
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