SPARKS WAY COMMONS INC

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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

1983

Legal Domicile

Principal Officer

MARILYN MARTIN

Phone

5105821460

Tax Period

2022-01-01 to 2022-12-31

SPARKS WAY COMMONS INC, founded in 1983, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2022. Revenue surged 639% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 74% operating margin.

Mission

THE ORGANIZATION WAS FORMED TO CREATE AND MAINTAIN A LIMITED EQUITY HOUSING COOPERATIVE FOR LOW- AND MODERATE-INCOME PERSONS.

Program Service Accomplishments

Program 1

Expenses: $752,581 Revenue: $328,635

THE CORPORATION OPERATES A 45-UNIT COOPERATIVE HOUSING COMPLEX CONSISTING OF TOWNHOUSES AND APARTMENTS FOR LOW AND MODERATE INCOME PERSONS IN HAYWARD, CALIFORNIA UNDER THE TERMS OF A RENTAL HOUSING CONSTRUCTION PROGRAM (RHCP) REGULATORY AGREEMENT. THIS PROJECT ISREGULATED BY THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.THE UNDERLYING PROPERTY WAS SOLD ON DECEMBER 1, 2022 TO EDEN SPARKS WAY COMMONS, LLC, A DISREGARDED ENTITY, WHOSE SOLE MEMBER IS EDEN INVESTMENTS, INC., A 501(C)(3) ORGANIZATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,434

Program Service Revenue $325,811

Investment Income $2,492,340

Other Revenue $207,501

TOTAL REVENUE $3,027,086

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $752,581

Other Expenses $801,241

TOTAL EXPENSES $801,241

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,027,086	$409,485	+6.4%
Expenses	$801,241	$692,937	+0.2%
Net Income	$2,225,845	$-283,452	-8.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CANDACE WADE	DIRECTOR	1.00	Director	$0	$0	$0
DARNELL WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MARILYN MARTIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TAQUILA PRATT	DIRECTOR	1.00	Director	$0	$0	$0
THERESA POWELL	PRESIDENT	1.00	Officer Director	$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
2022	$3,027,086	$801,241	$31,351	$2,225,845
2021	$409,485	$692,937	$1,244,617	$-283,452
2020	$791,958	$554,997	$1,405,661	$236,961
2019	$441,558	$905,965	$1,396,414	$-464,407
2018	$674,267	$536,392	$1,463,105	$137,875