COMMUNITY ECONOMICS 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

1977

Legal Domicile

Principal Officer

ELISSA DENNIS

Phone

5108328300

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY ECONOMICS INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 38% operating deficit.

Mission

COMMUNITY ECONOMICS, INC.'S MISSION IS TO INCREASE THE SUPPLY OF PERMANENTLY AFFORDABLE HOUSING SERVING THE LOWEST INCOME HOUSEHOLDS. CEI WILL UNDERTAKE THIS MISSION THROUGH (1) THE PROVISION OF TECHNICAL ASSISTANCE IN THE DEVELOPMENT AND FINANCING OF PERMANENTLY AFFORDABLE HOUSING TO NONPROFIT DEVELOPERS, PUBLIC AGENCIES, AND TENANT ORGANIZATIONS; AND (2) EDUCATION, RESEARCH, AND POLICY DEVELOPMENT WITH HOUSING ADVOCATES, PUBLIC POLICY MAKERS, AND THE LENDING AND INVESTMENT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,383,776 Revenue: $1,128,403

TECHNICAL ASSISTANCE IS PROVIDED TO NON-PROFIT COMMUNITY-BASED ORGANIZATIONS AND PUBLIC AGENCIES IN THE AREAS OF: DEVELOPMENT, MAINTENANCE, AND MANAGEMENT OF LOW-INCOME HOUSING INCLUDING SUBSIDIZED HOUSING; COMMUNITY-BASED REAL ESTATE DEVELOPMENT; AND COMMUNITY-BASED ECONOMIC DEVELOPMENT. PUBLICATIONS SUCH AS FEASIBILITY STUDIES AND MANUAL ARE WRITTEN AND DISTRIBUTED AT COST.

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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 $1,128,403

Investment Income $36,847

Other Revenue $0

TOTAL REVENUE $1,165,250

Expense Breakdown

Grants Paid $85,650

Salaries & Benefits $1,320,849

Fundraising Expenses $0

Program Expenses $1,383,776

Other Expenses $206,357

TOTAL EXPENSES $1,612,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,165,250	$1,318,392	-0.1%
Expenses	$1,612,856	$1,684,034	0.0%
Net Income	$-447,606	$-365,642	+0.2%

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

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

$309,639

Total Directors

Key Employees

$247,922

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE RAWSON	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
LYNETTE LEE	DIRECTOR	2.00	Director	$0	$0	$0
DENA BELZER	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROY LINTON SCHWEYER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GISELA SALGADO	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN SHUM	DIRECTOR	2.00	Director	$0	$0	$0
IRMA POE	DIRECTOR	2.00	Director	$0	$0	$0
ELISSA DENNIS	EXECUTIVE DIRECTOR	40.00	Officer	$269,149	$40,490	$309,639
DIANA DOWNTON	SR AFFORDABLE HSG FINANCE CONSULTANT	40.00	Key Emp	$215,584	$32,338	$247,922
LISA MOTOYAMA	SR AFFORDABLE HSG FINANCE CONSULTANT	40.00	Highest	$144,576	$26,301	$170,877
LINDA RIVERS	OFFICE MANAGER	40.00	Highest	$162,289	$31,015	$193,304
MAGDA V LIRA	AFFORDABLE HSG FINANCE CONSULTANT	40.00	Highest	$113,296	$19,678	$132,974

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	$1,165,250	$1,612,856	$2,041,866	$-447,606
2022	$1,318,392	$1,684,034	$2,428,483	$-365,642
2021	$1,713,439	$1,764,071	$2,776,374	$-50,632
2020	$1,755,148	$1,772,123	$2,891,934	$-16,975
2019	$1,442,135	$1,536,703	$3,040,847	$-94,568
2018	$1,339,003	$1,643,325	$3,027,809	$-304,322