LA SERENA HOUSING DEVELOPMENT CORPORATION

EIN: 942840358 501(c)(3)

VISALIA, CA

Total Revenue
$523,137
Total Expenses
$396,727
Total Assets
$1,469,243
Net Assets
$-611,265
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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
1982
Legal Domicile
CA
Principal Officer
KEN KUGLER
Phone
5596273700
Tax Period
2023-07-01 to 2024-06-30

LA SERENA HOUSING DEVELOPMENT CORPORATION, founded in 1982, is a small nonprofit that reported $523K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $126K, a strong 24% operating margin.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AND DISABLED PERSONS WITH LOW AND MODERATE INCOME LEVELS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $509,539
Investment Income $1,777
Other Revenue $11,821
TOTAL REVENUE $523,137

Expense Breakdown

Grants Paid $0
Salaries & Benefits $77,607
Fundraising Expenses $0
Program Expenses $353,592
Other Expenses $319,120
TOTAL EXPENSES $396,727

Year-over-Year Comparison

2023 2022 Change
Revenue $523,137 $563,231 -0.1%
Expenses $396,727 $386,067 +0.0%
Net Income $126,410 $177,164 -0.3%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE TREE PRESIDENT 1.00
Officer
$0 $0 $0
KEN KUGLER SECRETARY/TREASURER 1.00
Officer
$0 $0 $0
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
2025 No data No data No data No data
2024 $523,137 $396,727 $1,469,243 $126,410
2023 $563,231 $386,067 $1,459,525 $177,164
2022 $548,636 $407,630 $1,429,747 $141,006
2021 $545,762 $440,980 $1,291,887 $104,782
2020 $534,236 $405,127 $1,223,283 $129,109
2019 $527,137 $394,512 $1,176,168 $132,625
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