BURBANK HOUSING DEVELOPMENT CORPORATION (EIN 942837785) - 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

1980

Legal Domicile

Principal Officer

LAWRANCE FLORIN

Phone

7075269782

Tax Period

2023-01-01 to 2023-12-31

BURBANK HOUSING DEVELOPMENT CORPORATION, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.8M in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $25.8M exceeded revenue, resulting in a 63% operating deficit.

Mission

BURBANK HOUSING IS A LOCAL NON-PROFIT ORGANIZATION DEDICATED TO INCREASING THE SUPPLY OF HOUSING IN SONOMA AND NAPA COUNTY, SO THAT LOW-INCOME PEOPLE OF ALL AGES, BACKGROUNDS AND SPECIAL NEEDS WILL HAVE A BETTER OPPORTUNITY TO LIVE IN DECENT AND AFFORDABLE HOUSING. THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES INCLUDE MANAGEMENT OF AFFORDABLE HOUSING, THE REHABILITATION OF EXISTING HOUSING AND THE DEVELOPMENT OF SELF-HELP HOMEOWNERSHIP HOUSING IN SONOMA COUNTY.

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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 $7,069,830

Program Service Revenue $12,631,177

Investment Income $-3,891,347

Other Revenue $0

TOTAL REVENUE $15,809,660

Expense Breakdown

Grants Paid $23,705

Salaries & Benefits $3,176,849

Fundraising Expenses $0

Program Expenses $23,581,755

Other Expenses $22,570,719

TOTAL EXPENSES $25,771,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,809,660	$69,956,590	-0.8%
Expenses	$25,771,273	$18,810,477	+0.4%
Net Income	$-9,961,613	$51,146,113	-1.2%

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

$778,321

Total Directors

Key Employees

$416,086

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON WRIGHT	CHAIR	3.00	Officer Director	$0	$0	$0
DAVID GOUIN	VICE CHAIR	3.00	Officer Director	$0	$0	$0
PAUL DONALDSON	SECRETARY	3.00	Officer Director	$0	$0	$0
DOROTHY BEATTIE	TREASURER	3.00	Officer Director	$0	$0	$0
KOMRON SHAHHOSSEINI	DIRECTOR	3.00	Director	$0	$0	$0
NATE BELDEN	DIRECTOR	3.00	Director	$0	$0	$0
TOMAS PHILLIPS	DIRECTOR	3.00	Director	$0	$0	$0
JEAN KAPOLCHOK	DIRECTOR	3.00	Director	$0	$0	$0
ANDREA LEARNED	DIRECTOR	3.00	Director	$0	$0	$0
LESLIE CAMINO	DIRECTOR	3.00	Director	$0	$0	$0
CHARLOTTE RADMILOVIC	DIRECTOR	3.00	Director	$0	$0	$0
JON M STARK	DIRECTOR	3.00	Director	$0	$0	$0
STEPHANIE BEDOLLA	DIRECTOR	3.00	Director	$0	$0	$0
SUE MADDIGAN	FORMER SECRETARY	3.00	Officer Director	$0	$0	$0
KIM AUGUST	FORMER DIRECTOR	3.00	Director	$0	$0	$0
LAWRANCE FLORIN	CEO	25.00	Officer	$515,517	$34,300	$549,817
BENJAMIN WICKHAM	COO	25.00	Officer	$190,222	$38,282	$228,504
RICHARD WALLACH	SR DIRECTOR OF HOUSING FINANCE	40.00	Key Emp	$185,947	$38,349	$224,296
JOCELYN LIN	DIRECTOR OF HOUSING	40.00	Key Emp	$164,985	$26,805	$191,790
YERA DE JUAREZ JUDITH	CHIEF PEOPLE OFFICER	40.00	Highest	$140,334	$32,227	$172,561
AUGUST KIM P	CFO	40.00	Highest	$121,117	$15,136	$136,253
JULIE HEREDIA	DIRECTOR OF ASSET MANAGMENT	40.00	Highest	$120,358	$35,642	$156,000
STEPHANI ROBIN PAKELEKIA	CONSTRUCTION GEN MANAGER	40.00	Highest	$112,868	$25,441	$138,309
MARK KRUG	PORTFOLIO ANALYST	40.00	Highest	$106,229	$2,124	$108,353

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	$15,809,660	$25,771,273	$181,786,650	$-9,961,613
2022	$69,956,590	$18,810,477	$160,937,391	$51,146,113
2021	$16,261,747	$16,992,054	$103,460,619	$-730,307
2020	$11,936,177	$16,287,629	$99,484,525	$-4,351,452
2019	$12,791,623	$12,880,101	$83,348,147	$-88,478
2018	$15,486,697	$6,409,776	$56,729,050	$9,076,921

BURBANK HOUSING DEVELOPMENT CORPORATION