Earnest CDC

EIN: 932914574 501(c)(3) Community Improvement

Huntington Beach, CA

Total Revenue
$1,203,575
Total Expenses
$1,040,142
Total Assets
$1,297,228
Net Assets
$163,433
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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
2023
Legal Domicile
CA
Principal Officer
Nathan Turner
Tax Period
2024-01-01 to 2024-12-31

Earnest CDC, founded in 2023, is a community nonprofit in the Community Improvement sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 14% surplus.

Mission

PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES

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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 $1,203,575
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,203,575

Expense Breakdown

Grants Paid $15,023
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,040,142
Other Expenses $1,025,119
TOTAL EXPENSES $1,040,142

Year-over-Year Comparison

2024 2023 Change
Revenue $1,203,575 N/A N/A
Expenses $1,040,142 N/A N/A
Net Income $163,433 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

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Governance

Voting Members
2
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nathan Turner President 10.00
Director
$0 $0 $0
Rebecca Turner Secretary 10.00
Director
$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
2024 $1,203,575 $1,040,142 $1,297,228 $163,433
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