MARYMOUNT ASSOCIATION FOR SENIOR HOUSING

EIN: 911212339 501(c)(3) Housing & Shelter

LONG BEACH, CA

Total Revenue
$554,722
Total Expenses
$423,782
Total Assets
$624,934
Net Assets
$217,062
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
WA
Principal Officer
STUART HARTMAN
Phone
5622575100
Tax Period
2024-02-01 to 2025-01-31

MARYMOUNT ASSOCIATION FOR SENIOR HOUSING, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $555K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131K, a strong 24% operating margin.

Mission

MARYMOUNT ASSOCIATION FOR SENIOR HOUSING IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF WASHINGTON. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 40 UNIT COMMUNITY KNOWN AS MARYMOUNT MANOR LOCATED IN TACOMA, WASHINGTON, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE PAYMENTS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $380,382
Program Service Revenue $164,494
Investment Income $7,827
Other Revenue $2,019
TOTAL REVENUE $554,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $379,385
Other Expenses $423,782
TOTAL EXPENSES $423,782

Year-over-Year Comparison

2024 2023 Change
Revenue $554,722 $442,256 +0.3%
Expenses $423,782 $392,539 +0.1%
Net Income $130,940 $49,717 +1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
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
9
$952,416
Total Directors
16
$0
Key Employees
20
$5,403,144
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARTMAN STUART J PRESIDENT/CEO 0.20
Officer
$0 $76,739 $770,133
AMBERG ROBERT R EXECUTIVE VP GEN COUNSEL 0.20
Key Emp
$0 $54,717 $530,647
ROSSELLO FRANK JR CFO AND VP OF FINANCE 0.20
Key Emp
$0 $30,494 $488,122
FARD BOBBY J VP ACQUIS AND PROJ DEV 0.20
Key Emp
$0 $26,130 $326,600
ESCANDON YURI ANDREW VP HOUSING OPERATIONS 0.20
Key Emp
$0 $55,605 $322,377
GILCHRIST KEVIN DARRELL VP DEV FIN & ASSET MGMT 0.20
Key Emp
$0 $58,557 $317,115
BATTAGLIA NADA VP HUMAN RESOURCES 0.20
Key Emp
$0 $53,518 $306,215
TITUS STEPHANIE L VP PHILANTHROPY/CSO 0.20
Key Emp
$0 $58,388 $310,109
KING DIANE D COMPL AND PRIVACY OFFICER 0.20
Key Emp
$0 $22,228 $259,898
MAGNONE VINCENT B VP TREASURY & INVSTMT OFF 0.20
Key Emp
$0 $21,761 $254,783
CLOW JOHN C VP RISK MANAGEMENT 0.20
Key Emp
$0 $22,289 $248,543
MICKELSON LAVONNE R DIR OF AFFORD HOUSING OPS 0.20
Key Emp
$0 $4,875 $209,677
STECKBECK KENT BUDGET & ANALYTICS DIR 0.20
Key Emp
$0 $5,371 $206,102
PHELPS LORI ANN INFO SYSTEMS DIRECTOR 0.20
Key Emp
$0 $5,944 $204,059
ROBINSON TINA M VP HOUSING ACCOUNTING 0.20
Key Emp
$0 $21,124 $214,780
HALL MAGGIE W ASSOCIATE COUNSEL 0.20
Key Emp
$0 $23,477 $212,890
CHUNG DEAN H CONTROLLER 0.20
Key Emp
$0 $31,777 $213,671
SANCHEZ OMAR E CONSTRUCTION MANAGER SR 0.20
Key Emp
$0 $15,920 $199,550
SILVA JOANNE L VP OCCUPANCY & TAX CREDIT 0.20
Key Emp
$0 $28,973 $212,522
FOX BUCHAN LAURA L DIRECTOR OF CORP RECORDS 0.20
Officer
$0 $18,022 $182,283
RICANO PEGGY ACCT MANAGER EXEMPT 0.20
Key Emp
$0 $20,771 $180,914
RAGON CHRISTY ANN VP OF COMMUNICATIONS 0.20
Key Emp
$0 $23,388 $184,570
INGRAO SALVATORE A DEVEL ACCOUNTING DIR 0.20
Highest
$0 $15,918 $173,401
YOUNG SEESEE INTERNAL AUDIT DIRECTOR 0.20
Highest
$0 $4,876 $163,864
DO THANH-THANH ACCT MANAGER EXEMPT 0.20
Highest
$0 $20,165 $173,627
MOSQUEIRA PHIL AP DIRECTOR 0.20
Highest
$0 $21,625 $166,952
PORTER JR NEWMAN RUSH ENTITLEMENT PROJ MANAGER 0.20
Highest
$0 $19,865 $167,531
DESAEGHER NORMA N VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
BUNN ANDREW TREASURER 0.20
Officer Director
$0 $0 $0
KATHLEEN O'CONNOR PRESIDENT 0.50
Officer Director
$0 $0 $0
HEIDI ERDMANN OPA VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
SISTER PHILOMENA MCCARTHY RECORDING SECRETARY 0.50
Officer Director
$0 $0 $0
JOANNE CHAPLIN TREASURER 0.50
Officer Director
$0 $0 $0
EAST RAYMOND E DIRECTOR 0.20
Director
$0 $0 $0
WILSON CHERYL DIRECTOR 0.20
Director
$0 $0 $0
BAUMAN JOHN DIRECTOR 0.20
Director
$0 $0 $0
POLLOCK JEFFREY R DIRECTOR 0.20
Director
$0 $0 $0
HART DONALD G DIRECTOR 0.20
Director
$0 $0 $0
MARILYN RASMUSSEN DIRECTOR 0.50
Director
$0 $0 $0
JOAN CRISTNACHT DIRECTOR 0.50
Director
$0 $0 $0
BARBARA GORZINSKI OPA DIRECTOR 0.50
Director
$0 $0 $0
JOSEPHINE TAMAYO MURRAY DIRECTOR 0.50
Director
$0 $0 $0
PATRICIA HOPPA OPA DIRECTOR 0.50
Director
$0 $0 $0
SEE SCHEDULE JO SALARY DISCLOSURE - PGS 34 & 38 0.00
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
2025 $554,722 $423,782 $624,934 $130,940
2024 $442,256 $392,539 $584,120 $49,717
2023 $419,713 $390,268 $606,637 $29,445
2022 $423,527 $365,430 $637,553 $58,097
2021 $409,252 $389,116 $652,618 $20,136
2020 $432,455 $402,331 $699,789 $30,124
2019 $398,675 $382,695 $723,896 $15,980
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