CARPENTERS HOUSING CORPORATION

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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

1969

Legal Domicile

Phone

7075461797

Tax Period

2025-03-01 to 2026-02-28

CARPENTERS HOUSING CORPORATION, founded in 1969, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 34% operating margin.

Mission

THE CORPORATION WAS ORGANIZED TO DEVELOP, OWN AND OPERATE AN APARTMENT COMPLEX CONSISTING OF 231 RENTAL UNITS FOR LOW-INCOME FAMILIES AND HANDICAPPED PERSONS IN SANTA ROSA, CALIFORNIA.

Program Service Accomplishments

Program 1

Expenses: $3,645,183 Revenue: $5,550,348

THE CORPORATION WAS ORGANIZED TO DEVELOP, OWN AND OPERATE AN APARTMENT COMPLEX CONSISTING OF 231 RENTAL UNITS FOR LOW-INCOME FAMILIES AND HANDICAPPED PERSONS IN SANTA ROSA, CALIFORNIA UNDER SECTION 8...

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,550,348

Investment Income $81,712

Other Revenue $0

TOTAL REVENUE $5,632,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,294,003

Fundraising Expenses $0

Program Expenses $3,645,183

Other Expenses $2,395,507

TOTAL EXPENSES $3,689,510

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,632,060	$4,668,918	+0.2%
Expenses	$3,689,510	$3,668,209	+0.0%
Net Income	$1,942,550	$1,000,709	+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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL KAMENSKI	MANAGER	40.00		$195,420	$0	$195,420
GONZALO HERNANDEZ	MAINT FOREMAN	40.00		$163,590	$0	$163,590
JOHN WALSH	Director	0.50	Director	$0	$0	$0
SCOTT HIBBARD	Director	0.50	Director	$0	$0	$0
DAN HANNAN	Director	0.50	Director	$0	$0	$0
JOHN CASEY	President	0.50	Officer	$0	$0	$0
PHIL COHEN	Secretary/Treas	0.50	Officer	$0	$0	$0
JOHN HADZESS	Vice President	0.50	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
2026	$5,632,060	$3,689,510	$8,271,821	$1,942,550
2025	No data	No data	No data	No data
2024	$3,830,002	$3,349,538	$5,163,171	$480,464
2023	$3,476,333	$3,425,350	$4,709,856	$50,983
2022	$3,299,348	$3,165,206	$4,613,639	$134,142
2021	$3,299,426	$3,158,950	$4,509,130	$140,476
2020	$3,304,451	$2,778,800	$4,326,533	$525,651
2019	$3,179,029	$2,643,339	$3,754,321	$535,690