MERRITT COMMUNITY CAPITAL CORPORATION (EIN 943099401) - 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

1989

Legal Domicile

Principal Officer

NEDRAH BARNES

Phone

5104447870

Tax Period

2023-01-01 to 2023-12-31

MERRITT COMMUNITY CAPITAL CORPORATION, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $7.4M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 20% operating margin.

Mission

TO SUPPORT AND RAISE CAPITAL FOR THE DEVELOPMENT OF LOW TO MODERATE-INCOME HOUSING IN THE STATE OF CALIFORNIA.

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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 $0

Program Service Revenue $7,237,856

Investment Income $209,984

Other Revenue $0

TOTAL REVENUE $7,447,840

Expense Breakdown

Grants Paid $936,407

Salaries & Benefits $3,128,939

Fundraising Expenses $0

Program Expenses $4,814,276

Other Expenses $1,880,919

TOTAL EXPENSES $5,946,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,447,840	$10,552,423	-0.3%
Expenses	$5,946,265	$5,433,051	+0.1%
Net Income	$1,501,575	$5,119,372	-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

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

$805,716

Total Directors

Key Employees

$990,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILE CHALIFOUR	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
ROBERT WILLIAMS	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
GINA LEON	SECRETARY	0.50	Officer Director	$0	$0	$0
WELTON JORDAN	TREASURER	0.50	Officer Director	$0	$0	$0
CHIONE FLEGAL	DIRECTOR	0.50	Director	$0	$0	$0
DORA LEONG GALLO	DIRECTOR	0.50	Director	$0	$0	$0
STEVE HERMAN	DIRECTOR	0.50	Director	$0	$0	$0
RAY MENDOZA	DIRECTOR	0.50	Director	$0	$0	$0
GISELA SALGADO	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SPEARS	DIRECTOR	0.50	Director	$0	$0	$0
KAREN TIEDEMANN	DIRECTOR	0.50	Director	$0	$0	$0
DARNELL WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
REGINA CELESTIN WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
ARI BELIAK	PRESIDENT & CEO	40.00	Officer	$420,385	$47,138	$467,523
PAUL CARNEY	CFO/COO	40.00	Officer	$312,000	$26,193	$338,193
DAVID DOLOGITE	DIRECTOR OF ACQUISITIONS	40.00	Key Emp	$320,500	$24,745	$345,245
JULIE QUINN	DIRECTOR OF INVESTOR RELATIONS	40.00	Key Emp	$335,721	$37,689	$373,410
IZAAC SINGH	DIRECTOR OF ASSET MGT	40.00	Key Emp	$249,000	$22,613	$271,613
NEDRAH BARNES	DIRECTOR OF FUND MANAGEMENT	40.00	Highest	$260,000	$26,374	$286,374
CARLA VASQUEZ-NORIEGA	DIRECTOR OF INVESTOR RELATIONS	40.00	Highest	$119,708	$15,062	$134,770
AMANDA HOPKINS	SENIOR ASSET MANAGER	40.00	Highest	$129,500	$31,998	$161,498
DAVID EISENMAN	SENIOR ACQUISITION MANAGER	40.00	Highest	$207,250	$21,792	$229,042
MARIA DUARTE	SENIOR ASSET MANAGER	40.00	Highest	$122,426	$10,418	$132,844

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	$7,447,840	$5,946,265	$41,740,384	$1,501,575
2022	$10,552,423	$5,433,051	$31,748,169	$5,119,372
2021	$8,692,204	$3,493,928	$34,382,493	$5,198,276
2020	$5,065,895	$3,195,450	$25,956,100	$1,870,445
2019	$6,022,185	$3,315,294	$17,329,385	$2,706,891
2018	$4,913,949	$3,215,484	$13,033,440	$1,698,465

MERRITT COMMUNITY CAPITAL CORPORATION