BURBANK HOUSINGSR CORPORATION (EIN 943184523) - 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

1993

Legal Domicile

Principal Officer

LAWRANCE FLORIN

Phone

7075269782

Tax Period

2023-01-01 to 2023-12-31

BURBANK HOUSINGSR CORPORATION, founded in 1993, is a small nonprofit that reported $594K in total revenue in fiscal year 2023. Revenue surged 602% from the prior year, signaling strong growth momentum. Expenses of $816K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE CORPORATION OWNS, OPERATES, AND MANAGES AFFORDABLE RENTAL HOUSING.

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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 $176,454

Program Service Revenue $445,538

Investment Income $-27,614

Other Revenue $0

TOTAL REVENUE $594,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $188,847

Fundraising Expenses $0

Program Expenses $770,368

Other Expenses $626,875

TOTAL EXPENSES $815,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$594,378	$84,717	+6.0%
Expenses	$815,722	$1,033,706	-0.2%
Net Income	$-221,344	$-948,989	-0.8%

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

$778,321

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOROTHY BEATTIE	TREASURER	0.30	Officer Director	$0	$0	$0
JEAN KAPOLCHOK	DIRECTOR	0.30	Director	$0	$0	$0
LAWRANCE FLORIN	CEO	0.30	Officer	$0	$34,300	$549,817
BENJAMIN WICKHAM	COO	0.30	Officer	$0	$38,282	$228,504

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	$594,378	$815,722	$2,929,830	$-221,344
2022	$84,717	$1,033,706	$2,927,541	$-948,989
2021	$411,745	$642,206	$3,723,619	$-230,461
2020	$637,345	$1,365,358	$2,900,177	$-728,013
2019	$528,058	$497,759	$1,921,690	$30,299
2018	$545,908	$497,501	$1,945,989	$48,407

BURBANK HOUSINGSR CORPORATION