TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION (EIN 942761808) - Form 990 Financial Analysis & Trantor Score

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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

1981

Legal Domicile

Principal Officer

ROXANNE HUEY

Phone

4157762151

Tax Period

2023-01-01 to 2023-12-31

TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1981, is a mid-sized nonprofit in the Housing & Shelter sector that reported $29.6M in total revenue in fiscal year 2023. Expenses of $28.5M left a modest 4% surplus.

Mission

AT TNDC, WE BELIEVE THAT EVERYONE DESERVES TO THRIVE. SINCE 1981 WE'VE SUPPORTED TENANTS AND COMMUNITY MEMBERS IN BUILDING TRANSFORMATIVE COMMUNITIES THROUGH HOMES, HEALTH, AND VOICE. OVER THE COURSE OF 43 YEARS, WE'VE INNOVATED SUPPORTIVE HOUSING PRACTICES WITH ONSITE SOCIAL WORKERS AND WELLNESS PROGRAMMING THAT MEET UNIQUE COMMUNITY NEEDS AND FOSTER CULTURAL INCLUSION AND BELONGING. TODAY, OVER 7,300 PEOPLE ARE HOUSED ACROSS 47 BUILDINGS IN SAN FRANCISCO.WE FULFILL OUR MISSION THROUGH THESE AREAS: 1) HOUSING DEVELOPMENT CREATES, PRESERVES, AND REHABILITATES AFFORDABLE HOUSING; 2) TENANT & COMMUNITY SERVICES PROVIDES OPT-IN SOCIAL SERVICES TO ITS RESIDENTS THROUGH SOCIAL WORK, HEALTH & WELLNESS, QUALITY ASSURANCE, AND TENDERLOIN AFTER-SCHOOL PROGRAM; 3) PROPERTY MANAGEMENT MAINTAINS AND OVERSEES ALL TNDC PROPERTIES; AND 4) COMMUNITY ORGANIZING EMPOWERS NEIGHBORHOODS THROUGH LEADERSHIP DEVELOPMENT, FOOD & TRANSIT JUSTICE, AND COMMUNITY ADVOCACY.

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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 $15,198,622

Program Service Revenue $14,453,355

Investment Income $240,066

Other Revenue $-301,135

TOTAL REVENUE $29,590,908

Expense Breakdown

Grants Paid $4,979,861

Salaries & Benefits $14,170,735

Fundraising Expenses $934,562

Program Expenses $21,939,843

Other Expenses $9,371,324

TOTAL EXPENSES $28,521,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,590,908	$27,581,250	+0.1%
Expenses	$28,521,920	$23,489,323	+0.2%
Net Income	$1,068,988	$4,091,927	-0.7%

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

556

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

$1,056,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIFFANY BOHEE	SECRETARY	2.00	Officer Director	$0	$0	$0
SUSAN JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TRACEY EDWARDS	TREASURER	2.00	Officer Director	$0	$0	$0
KATHY ROCK	DIRECTOR	2.00	Director	$0	$0	$0
KATHY WOLFE	DIRECTOR	2.00	Director	$0	$0	$0
BIRUTE SKURDENIS	DIRECTOR	2.00	Director	$0	$0	$0
JIM CERVANTES	DIRECTOR	2.00	Director	$0	$0	$0
FERNANDO PUJALS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JANE GRAF	DIRECTOR	2.00	Director	$0	$0	$0
FREDDY MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
KENNETH KIM	DIRECTOR	2.00	Director	$0	$0	$0
WYLIE LIU	DIRECTOR	2.00	Director	$0	$0	$0
MARK COUTIER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL VUONG	DIRECTOR	2.00	Director	$0	$0	$0
DAVE KROOT	CHIEF LEGAL OFFICER	2.00	Officer Director	$0	$0	$0
GORDON LEUNG	CHIEF PORTFOLIO OFFICER	32.00	Officer	$179,443	$20,338	$199,781
KATHERINE LAMOUNT	COO	32.00	Officer	$217,346	$27,648	$244,994
ROXANNE HUEY	CFO	32.00	Officer	$243,772	$19,568	$263,340
MAURILIO LEON	CEO	32.00	Officer	$328,528	$20,348	$348,876
WENDY CHAN	SENIOR DIRECTOR OF FINANCE	32.00	Highest	$193,960	$16,460	$210,420
THOMAS WALSH	DIRECTOR OF SAFETY AND RISK MANAGEMENT	32.00	Highest	$164,169	$8,904	$173,073
YVETTE ROBINSON	SENIOR DIRECTOR OF TENANT	32.00	Highest	$217,721	$17,370	$235,091
CHRISTOPHER CUMMINGS	DIRECTOR OF HOUSING DEVELOPMENT	32.00	Highest	$183,382	$18,006	$201,388
DELENE RANKIN	DIRECTOR OF COMMUNITY SERVICE	32.00	Highest	$169,938	$17,564	$187,502

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	$29,590,908	$28,521,920	$114,301,611	$1,068,988
2022	$27,581,250	$23,489,323	$110,662,599	$4,091,927
2021	$42,280,090	$29,277,882	$105,200,928	$13,002,208
2020	$36,824,707	$26,058,384	$97,164,733	$10,766,323
2019	$25,090,239	$21,268,157	$79,074,227	$3,822,082
2018	$27,274,903	$18,267,008	$76,053,608	$9,007,895

TENDERLOIN NEIGHBORHOOD DEVELOPMENT CORPORATION