CALHFA HOMEOWNER RELIEF CORPORATION (EIN 871237752) - 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

2021

Legal Domicile

Principal Officer

MR ERWIN TAM

Phone

9163268653

Tax Period

2021-10-01 to 2022-09-30

CALHFA HOMEOWNER RELIEF CORPORATION, founded in 2021, is a major nonprofit in the Public & Societal Benefit sector that reported $243.3M in total revenue in fiscal year 2021. Revenue surged 4279% from the prior year, signaling strong growth momentum.

Mission

TO ADMINISTER THE CALIFORNIA MORTGAGE RELIEF PROGRAM WITH THE GOAL OF PROVIDING VARIOUS FORMS OF ASSISTANCE TO CERTAIN CALIFORNIA HOMEOWNERS AT RISK OF FORECLOSURE DUE TO ADVERSE CONDITIONS CREATED BY COVID-19 AFFECTING HOUSING AND THE ECONOMY.

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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 (2021)

Revenue Breakdown

Contributions & Grants $242,516,222

Program Service Revenue $0

Investment Income $744,741

Other Revenue $0

TOTAL REVENUE $243,260,963

Expense Breakdown

Grants Paid $191,391,992

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $242,516,222

Other Expenses $51,890,508

TOTAL EXPENSES $243,282,500

Year-over-Year Comparison

	2021	2020	Change
Revenue	$243,260,963	$5,554,793	+42.8%
Expenses	$243,282,500	$5,532,256	+43.0%
Net Income	$-21,537	$22,537	-2.0%

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

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

$428,567

Total Directors

$208,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA FRANKLIN	BOARD CHAIR	5.00	Officer Director	$0	$59,796	$208,524
JEE LEE	BOARD MEMBER	5.00	Director	$0	$0	$0
MARY ANN SMITH	BOARD MEMBER	5.00	Director	$0	$0	$0
DALILA SOTELO	BOARD MEMBER	5.00	Director	$0	$0	$0
STEPHEN RUSSELL	BOARD MEMBER	5.00	Director	$0	$0	$0
CLAIRE TAURIANEN	BOARD MEMBER	5.00	Director	$0	$0	$0
FRANCESE MARTI	BOARD MEMBER	5.00	Director	$0	$0	$0
ERWIN TAM	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$75,658	$220,043
JENNIFER LEBEOF	VICE PRESIDENT	5.00	Officer	$0	$0	$0
ANDREW ALFONSO	SECRETARY	5.00	Officer	$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
2022	$243,260,963	$243,282,500	$814,979,661	$-21,537
2021	$5,554,793	$5,532,256	$103,088,257	$22,537

CALHFA HOMEOWNER RELIEF CORPORATION