MARIN HOUSING CORPORATION (EIN 941358291) - 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

1971

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

MARIN HOUSING CORPORATION, founded in 1971, is a small nonprofit that reported $183K in total revenue in fiscal year 2023. Expenses of $157K left a modest 14% surplus.

Mission

TO DEVELOP, OWN, AND OPERATE LOW-INCOME HOUSING AND PROVIDE SERVICE TO LOW-INCOME FAMILIES, ELDERLY, HOMELESS, POTENTIALLY HOMELESS, HANDICAPPED OR OTHERWISE DISADVANTAGED PERSONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $182,836

Investment Income $0

Other Revenue $0

TOTAL REVENUE $182,836

Expense Breakdown

Grants Paid $156,848

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,848

Other Expenses $0

TOTAL EXPENSES $156,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,836	$176,819	+0.0%
Expenses	$156,848	N/A	N/A
Net Income	$25,988	$176,819	-0.9%

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

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

$2,926,037

Total Directors

$720,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
LILLIAN LEW-HAILER	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$17,820	$237,530
RAMIE DARE	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$20,964	$250,355
ALVIN TUVILLA	VICE PRESIDENT	1.00	Officer	$0	$11,670	$180,748
AMY BAYLEY	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
DOUGLAS SHOEMAKER	PRESIDENT	1.00	Officer	$0	$25,195	$321,446
ED HOLDER	VICE PRESIDENT	1.00	Officer	$0	$38,385	$293,494
ELIZABETH KUWADA	VICE PRESIDENT	1.00	Officer	$0	$22,734	$220,151
ERIKA VILLABLANCA	VICE PRESIDENT	1.00	Officer	$0	$28,669	$205,960
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RICK SPRAGUE	VICE PRESIDENT	1.00	Officer	$0	$14,598	$183,401
TIMOTHY DUNN	VICE PRESIDENT	1.00	Officer	$0	$33,259	$201,896
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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	$182,836	$156,848	$4,672,771	$25,988
2022	$176,819	No data	$4,646,783	No data
2021	$176,820	$327,262	$4,469,965	$-150,442
2020	$176,821	$255,470	$4,620,406	$-78,649
2019	$176,819	$187,580	$4,701,277	$-10,761
2018	$176,820	$200,064	$4,706,668	$-23,244

MARIN HOUSING CORPORATION