Affordable Pasadena

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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

2022

Legal Domicile

Principal Officer

Aaron Markowitz

Phone

5104234300

Tax Period

2022-01-01 to 2022-12-31

Affordable Pasadena, founded in 2022, is a small nonprofit in the Public & Societal Benefit sector that reported $364K in total revenue in fiscal year 2022.

Mission

To support passage of Resolution No. 9970, the Pasadena Charter Amendment Initiative Petition Measure Imposing Rent Control, also known as Measure H. On December 22, 2022 election results were certified that voters approved Measure H. By passing the measure voters approved a new law Article 18: the Pasadena Fair and Equitable Housing Charter Amendment (Measure H) which limits rent increases and evictions in the City of Pasadena and establishes the Pasadena Rental Housing Board, the body responsible for implementation of the measure.

Program Service Accomplishments

Program 1

Expenses: $334,280

Yes on H - Affordable Pasadena ran a campaign to support passage of Resolution No. 9970, the Pasadena Charter Amendment Initiative Petition Measure Imposing Rent Control, also known as Measure H. On December 22, 2022 election results were certified that voters approved Measure H. By passing the measure voters approved a new law Article 18: the Pasadena Fair and Equitable Housing Charter Amendment (Measure H) which limits rent increases and evictions in the City of Pasadena and establishes the Pasadena Rental Housing Board, the body responsible for implementation of the measure.

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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 (2022)

Revenue Breakdown

Contributions & Grants $363,868

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $363,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,062

Fundraising Expenses $10,337

Program Expenses $334,280

Other Expenses $295,653

TOTAL EXPENSES $361,715

Year-over-Year Comparison

	2022	2021	Change
Revenue	$363,868	N/A	N/A
Expenses	$361,715	N/A	N/A
Net Income	$2,153	N/A	N/A

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

400

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

$16,590

Total Directors