ABODE PROPERTY MANAGEMENT

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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

VIVIAN WAN CEO

Phone

5106577409

Tax Period

2023-07-01 to 2024-06-30

ABODE PROPERTY MANAGEMENT, founded in 1979, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.4M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $11.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO END HOMELESSNESS AND PREVENT INSTITUTIONALIZATION OF PEOPLE WITH SPECIAL NEEDS IN NORTHERN CALIFORNIA. SPECIAL NEEDS INCLUDE DEVELOPMENTAL DISABILITIES, PSYCHIATRIC DISABILITIES, MEDICAL CONDITIONS INCLUDING DRUG AND ALCOHOL DEPENDENCY, FRAIL ELDERLY, HIV/AIDS, AND COMBINATIONS OF THESE DISABILITIES.ABODE PROPERTY MANAGEMENT FULFILLS ITS MISSION BY NOT ONLY PRESERVING THE COMMUNITY'S CURRENT STOCK OF RENTAL HOUSING FOR VERY LOW-INCOME SPECIAL NEEDS INDIVIDUALS, BUT ALSO PROVIDING HIGH QUALITY MANAGEMENT. THE ORGANIZATION IS ALSO EXPANDING THE NUMBER OF UNITS OF HOUSING AVAILABLE TO THIS POPULATION THROUGH PARTNERSHIPS TO ACQUIRE OR DEVELOP ADDITIONAL UNITS IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $8,136,062 Revenue: $3,351,322

THE ORGANIZATION OWNS, OPERATES, AND MANAGES A PORTFOLIO OF AFFORDABLE HOUSING UNITS AND PROPERTIES IN ORDER TO END HOMELESSNESS AND PREVENT THE INSTITUTIONALIZATION OF PEOPLE WITH SPECIAL NEEDS IN NORTHERN CALIFORNIA SUCH AS THOSE WITH DEVELOPMENTAL AND PSYCHIATRIC DISABILITIES, AND MEDICAL CONDITIONS INCLUDING HIV/AIDS AND DRUG AND ALCOHOL DEPENDENCY.

Program 2

Expenses: $1,009,263 Revenue: $3,803,538

THE ORGANIZATION ALSO MANAGES A PORTFOLIO OF AFFORDABLE HOUSING UNITS AND PROPERTIES FOR THIRD PARTIES.

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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 $3,218,320

Program Service Revenue $7,154,860

Investment Income $18,344

Other Revenue $0

TOTAL REVENUE $10,391,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,757,523

Fundraising Expenses $13,554

Program Expenses $9,145,325

Other Expenses $7,835,392

TOTAL EXPENSES $11,592,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,391,524	$8,329,851	+0.2%
Expenses	$11,592,915	$8,935,453	+0.3%
Net Income	$-1,201,391	$-605,602	+1.0%

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

$901,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARRAH HENRIE	PRESIDENT	2.00	Officer Director	$0	$0	$0
TEJAS SARAIYA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN LEE	TREASURER	2.00	Officer Director	$0	$0	$0
DARRIAN WHITE	SECRETARY	2.00	Officer Director	$0	$0	$0
ROHIT ANGLE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOHN BARTON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
VISHNU BERI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SAMEER BHASIN	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ANN DANNER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JOHN DOMANTAY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FRISS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
RESHMA INAMDAR	BOARD DIRECTOR	1.00	Director	$0	$0	$0
HASSAN KHAWAJA	BOARD DIRECTOR - THRU 10/23	1.00	Director	$0	$0	$0
CLAUDINE SIPILI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
KEN SMITH	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LYNETTE STOLARZYK	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TON WASOW	BOARD DIRECTOR	1.00	Director	$0	$0	$0
LOUIS CHICOINE	CHIEF EXECUTIVE OFFICER	7.00	Officer	$0	$6,013	$361,688
JOHN REIBER	CHIEF FINANCIAL OFFICER	5.00	Officer	$0	$13,331	$293,947
VIVIAN WAN	CHIEF OPERATING OFFICER	7.00	Officer	$0	$11,281	$245,428

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
2024	$10,391,524	$11,592,915	$21,091,299	$-1,201,391
2023	$8,329,851	$8,935,453	$21,384,674	$-605,602
2022	$10,447,785	$11,317,550	$16,157,088	$-869,765
2021	$6,011,222	$3,401,647	$15,684,849	$2,609,575
2020	$3,812,467	$3,378,738	$14,082,717	$433,729
2019	$3,619,256	$2,891,228	$13,374,287	$728,028
2018	$4,129,682	$2,881,292	$13,264,289	$1,248,390