CASITAS OF HAYWARD INC

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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

1972

Legal Domicile

Principal Officer

CHRIS IGLESIAS

Phone

5105356900

Tax Period

2023-10-01 to 2024-09-30

CASITAS OF HAYWARD INC, founded in 1972, is a small nonprofit in the Housing & Shelter sector that reported $647K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $824K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO DEVELOP AND MANAGE AFFORDABLE HOUSING AND COMMERCIAL PROPERTIES.

Program Service Accomplishments

Program 1

Expenses: $823,607 Revenue: $647,339

TO MANAGE THE UNITY COUNCIL'S PORTFOLIO OF SENIOR HOUSING PROJECTS AS THE PROPERTY MANAGMENT AGENT, APPROVED BY HUD, THE CITY OF OAKLAND, AND OTHER REGULATORS. CASITAS OF HAYWARD CONTRACTS DIRECTLY WITH THE SENIOR HOUSING PROJECTS AND WITH THE UNITY COUNCIL FOR MANAGEMENT AND OPERATIONAL STAFF. CASITAS OF HAYWARD PROVIDES EXCELLENT CASE MANAGEMENT AND SUPPORTIVE SERVICES TO TWO SENIOR FACILITIES, CASA VELASCO AND POSADA DE COLORES.CASA VELASCO SENIOR HOUSING IS A HUD 202/SECTION 8 SENIOR HOUSING FOR VERY LOW-INCOME ELDERLY OR HANDICAPPED/DISABLED, FUNDED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD). CASA VELASCO IS A FOUR-STORY BUILDING WITH 20 APARTMENTS (8 ONE-BEDROOM AND 12 STUDIOS).THE POSADA DE COLORES SENIOR HOUSING IS A HUD 202/SECTION 8 SENIOR HOUSING FOR VERY LOW-INCOME ELDERLY OR HANDICAPPED/DISABLED, FUNDED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT (HUD). POSADA DE COLORES IS AN EIGHT-STORY SENIOR COMPLEX WITH 100 ONE-BEDROOM APARTMENTS. SENIORS AT POSADA DE COLORES AND OUR OTHER SENIOR PROPERTIES ENJOY ACCESS TO THE FRUITVALE-SAN ANTONIO SENIOR CENTER FOR SOCIAL ACTIVITIES, CLASSES, AND EVENTS. TRANSPORTATION IS PROVIDED TO AND FROM THE SENIOR CENTER FREE OF CHARGE. NOVEMBER 2018, CASITAS OF HAYWARD THIRD PARTY MANAGED TWO LOW INCOME BUILDING LORIN AND ROSEWOOD.

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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 $647,339

Investment Income $0

Other Revenue $0

TOTAL REVENUE $647,339

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $823,607

Other Expenses $823,607

TOTAL EXPENSES $823,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$647,339	$532,957	+0.2%
Expenses	$823,607	$329,468	+1.5%
Net Income	$-176,268	$203,489	-1.9%

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

N/A

Volunteers

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

$1,133,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER IGLESIAS	CEO	2.00	Officer	$0	$24,643	$417,757
ERIN ELIZABETH PATCH	President	2.00	Officer	$0	$17,468	$350,909
JOSE ARMANDO HERNANDEZ	COO	2.00	Officer	$0	$14,139	$230,880
AUBRA LAVINE	VP REAL ESTATE DEV	0.00		$0	$24,283	$209,503
Luis Arenas	VP OF FAMILY SVCS	0.00		$0	$20,630	$205,336
Teresa Estrada	VP OF H.R.	0.00		$0	$21,377	$195,790
Francisco Perez	CONTROLLER	0.00		$0	$15,232	$176,892
Heather Brown	DIR OF PROP MGMT	0.00		$0	$17,075	$155,207
SANDRA DALIDA	CFO	2.00	Officer	$0	$12,697	$134,207
JOSE E CORONA	Chairman	1.00	Officer Director	$0	$0	$0
CASEY WILLIAMS	Secretary	1.00	Officer Director	$0	$0	$0
RALPH HOLMES	Director	1.00	Director	$0	$0	$0
CLAUDIA BURGOS	Director	1.00	Director	$0	$0	$0
EMILIO CRUZ	Director	1.00	Director	$0	$0	$0
SILVIA GUZMAN	Director	1.00	Director	$0	$0	$0
MIGUEL DUARTE	Director	1.00	Director	$0	$0	$0
MARIAH LAFLEUR	Director	1.00	Director	$0	$0	$0
DANIEL ZAMANI	Director	1.00	Director	$0	$0	$0
LILI GANGAS	Director	1.00	Director	$0	$0	$0
MIRELLA ALMANZA	Director	1.00	Director	$0	$0	$0
RODERICK ROCHE	Director	1.00	Director	$0	$0	$0
SARAH YOELL	Director	1.00	Director	$0	$0	$0
ANA CARDENAS	Director	1.00	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	$647,339	$823,607	$129,799	$-176,268
2023	$532,957	$329,468	$248,060	$203,489
2022	$290,208	$310,003	$56,905	$-19,795
2021	$294,063	$249,747	$64,366	$44,316
2020	$236,339	$228,382	$77,305	$7,957
2019	$235,866	$225,691	$19,082	$10,175
2018	$167,427	$181,656	$8,049	$-14,229