EASTSIDE RESIDENTIAL OPPORTUNITIES

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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

1992

Legal Domicile

Principal Officer

MIKE DE LUCA

Phone

2069012000

Tax Period

2023-01-01 to 2023-12-31

EASTSIDE RESIDENTIAL OPPORTUNITIES, founded in 1992, is a small nonprofit that reported $274K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

EASTSIDE RESIDENTIAL OPPORTUNITIES (ERO) IS A WASHINGTON NON-PROFIT CORPORATION, ORGANIZED FOR THE PURPOSE OF DEVELOPING AND OPERATING THE JUNIPERWOOD APARTMENTS (PROJECT), A 20-UNIT PROJECT LOCATED IN ISSAQUAH, WASHINGTON. ERO OPERATES UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT PROVIDES LOW INCOME HOUSING DESIGNED TO MEET THE NEEDS OF THE ELDERLY AND PEOPLE WITH HANDICAPPING CONDITIONS, INCLUDING CONTRACTED CASE MANAGEMENT AND SPECIALIZED THERAPEUTIC SERVICES.

Program Service Accomplishments

Program 1

Expenses: $168,450 Revenue: $273,215

TO OPERATE JUNIPERWOOD APARTMENTS, A 20-UNIT PROJECT LOCATED IN ISSAQUAH, WASHINGTON. THIS PROJECT PROVIDES LOW-INCOME HOUSING DESIGNED TO MEET THE NEEDS OF INDIVIDUALS WITH A MENTAL HEALTH...

TO OPERATE JUNIPERWOOD APARTMENTS, A 20-UNIT PROJECT LOCATED IN ISSAQUAH, WASHINGTON. THIS PROJECT PROVIDES LOW-INCOME HOUSING DESIGNED TO MEET THE NEEDS OF INDIVIDUALS WITH A MENTAL HEALTH DISABILITY. IT IS ALSO SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS.

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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 $273,215

Investment Income $8

Other Revenue $291

TOTAL REVENUE $273,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,450

Other Expenses $279,593

TOTAL EXPENSES $279,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,514	$324,606	-0.2%
Expenses	$279,593	$381,140	-0.3%
Net Income	$-6,079	$-56,534	-0.9%

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

$541,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BOLGER	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ROGER DOWDY	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
EDDIE PASATIEMPO	BOARD VICE CHAIR (THRU 9/23)	1.00	Officer Director	$0	$0	$0
JEFF WILCOX	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MEG TAYLOR	BOARD TREASURER (THRU 1/23)	1.00	Officer Director	$0	$0	$0
KATRINA EGNER	PRESIDENT AND CEO	1.00	Officer	$0	$24,457	$333,030
MIKE DE LUCA	VICE PRESIDENT AND CFO	1.00	Officer	$0	$6,058	$207,993

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	No data	No data	No data	No data
2023	$273,514	$279,593	$599,028	$-6,079
2022	$324,606	$381,140	$737,632	$-56,534
2021	$233,247	$251,980	$723,682	$-18,733
2020	$251,587	$233,382	$739,170	$18,205
2019	$254,055	$213,770	$756,335	$40,285
2018	$248,770	$231,280	$731,906	$17,490