CAR HOUSING AFFORDABILITY FUND

EIN: 912157935 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$420,324
Total Expenses
$1,349,763
Total Assets
$765,533
Net Assets
$675,576
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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
2001
Legal Domicile
CA
Principal Officer
DENISE G WELSH
Phone
2137398200
Tax Period
2023-01-01 to 2023-12-31

CAR HOUSING AFFORDABILITY FUND, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $420K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 221% operating deficit.

Mission

RAISE AND DISTRIBUTE FUNDS AND PARTNER WITH OTHER GROUPS TO PROMOTE HOUSING AND HOMEOWNERSHIP.

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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 (2023)

Revenue Breakdown

Contributions & Grants $434,309
Program Service Revenue $0
Investment Income $-13,985
Other Revenue $0
TOTAL REVENUE $420,324

Expense Breakdown

Grants Paid $1,225,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,225,000
Other Expenses $124,763
TOTAL EXPENSES $1,349,763

Year-over-Year Comparison

2023 2022 Change
Revenue $420,324 $490,129 -0.1%
Expenses $1,349,763 $1,305,283 +0.0%
Net Income $-929,439 $-815,154 +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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Governance

Voting Members
17
Independent Members
15
Employees
N/A
Volunteers
15

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
$301,625
Total Directors
17
$11,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENISE G WELSH CHAIR 2.50
Officer Director
$0 $0 $5,900
BETH A FLURE VICE CHAIR 2.50
Officer Director
$0 $0 $0
FRANK OTI VICE CHAIR 2.50
Officer Director
$0 $0 $0
SHAUNA LOVE ASSN. EXEC. (VOTING) 2.50
Officer Director
$0 $0 $0
CAROL M LUCKENBACH MEMBER 2.50
Director
$0 $0 $0
CHUCK LINN MEMBER 2.50
Director
$0 $0 $0
DERIK DAMI MEMBER 2.50
Director
$0 $0 $0
JANINE NIELSEN MEMBER 2.50
Director
$0 $0 $0
JUDITH MYERS MEMBER 2.50
Director
$0 $0 $5,900
KEVIN BIRMINGHAM MEMBER 2.50
Director
$0 $0 $0
LEHEL SZUCS MEMBER 2.50
Director
$0 $0 $0
MICHAEL DELEON MEMBER 2.50
Director
$0 $0 $0
NATALIE GARRICK MEMBER 2.50
Director
$0 $0 $0
NILA ALVIDREZ MEMBER 2.50
Director
$0 $0 $0
SHER HEARD MEMBER 2.50
Director
$0 $0 $0
SUSAN MARSHALL MEMBER 2.50
Director
$0 $0 $0
TAFFY MAURER MEMBER 2.50
Director
$0 $0 $0
IQBAL BHOLAT TREASURER 1.00
Officer
$0 $47,274 $295,725
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
2024 No data No data No data No data
2023 $420,324 $1,349,763 $765,533 $-929,439
2022 $490,129 $1,305,283 $1,619,380 $-815,154
2021 $1,525,536 $763,310 $2,683,716 $762,226
2020 $407,389 $564,881 $1,907,049 $-157,492
2019 $964,111 $1,197,977 $1,979,038 $-233,866
2018 $849,840 $674,309 $2,072,659 $175,531
2018 $849,840 $674,309 $2,072,659 $175,531
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