SOUTH COUNTY 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

1979

Legal Domicile

Principal Officer

DOUGLAS KUERSCHNER

Phone

4086600408

Tax Period

2018-07-01 to 2019-06-30

SOUTH COUNTY HOUSING CORPORATION, founded in 1979, is a small nonprofit that reported $113K in total revenue in fiscal year 2018. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $262K exceeded revenue, resulting in a 131% operating deficit.

Mission

THE MISSION OF SOUTH COUNTY HOUSING IS TO PROMOTE VIABLE NEIGHBORHOODS THAT ENHANCE HEALTHY, SUSTAINABLE COMMUNITIES BY COLLABORATIVELY PROVIDING AFFORDABLE HOUSING AND NEIGHBORHOOD SERVICES.

Program Service Accomplishments

Program 1

Revenue: $4,565

HOUSING DEVELOPMENT: SOUTH COUNTY HOUSING HAS DEVELOPED AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS INCLUDING WORKING FAMILIES, SENIORS, AND THE HANDICAPPED. SOUTH COUNTY HOUSING IS DIVERSE IN THE...

HOUSING DEVELOPMENT: SOUTH COUNTY HOUSING HAS DEVELOPED AFFORDABLE HOUSING FOR LOW INCOME RESIDENTS INCLUDING WORKING FAMILIES, SENIORS, AND THE HANDICAPPED. SOUTH COUNTY HOUSING IS DIVERSE IN THE TYPES OF DEVELOPMENT PRODUCED, INCLUDING CO-HOUSING OR SHARED LIVING, SINGLE ROOM OCCUPANCY (SRO), EMERGENCY AND TRANSITIONAL HOUSING, AND COMMUNITY FACILITIES. TO DATE, SOUTH COUNTY HOUSING (AND ITS AFFILIATES) HAS BUILT, ACQUIRED OR REHABILITATED MORE THAN 2,874 AFFORDABLE APARTMENTS AND SINGLE-FAMILY HOMES INCLUDING 3 MOBILE HOME PARKS CONTAINING 124 COACHES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $45

Program Service Revenue $0

Investment Income $108,802

Other Revenue $4,565

TOTAL REVENUE $113,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,674

Fundraising Expenses $0

Other Expenses $76,266

TOTAL EXPENSES $261,940

Year-over-Year Comparison

	2018	2017	Change
Revenue	$113,412	$170,868	-0.3%
Expenses	$261,940	$1,143,949	-0.8%
Net Income	$-148,528	$-973,081	-0.8%

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

$808,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG KUERSCHNER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JOSEPH POSTIGO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARIA SKOCZYLAS	SECRETARY	1.00	Officer Director	$0	$0	$0
DENNIS LALOR	PRESIDENT/CEO (THRU 8/18)	25.00	Officer	$199,633	$394,223	$593,856
JOHN D CESARE	CFO	37.00	Officer	$189,513	$25,577	$215,090

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
2019	$113,412	$261,940	$267,550	$-148,528
2018	$170,868	$1,143,949	$956,430	$-973,081