FRUITVALE DEVELOPMENT CORPORATION

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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

1996

Legal Domicile

Principal Officer

CHRIS IGLESIAS

Phone

5105356900

Tax Period

2023-10-01 to 2024-09-30

FRUITVALE DEVELOPMENT CORPORATION, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $6.8M exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PLAN, DEVELOP, REHABILITATE AND MANAGE HOUSING (FOR LOW AND MODERATE INCOME AND THE ELDERLY) AND COMMUNITY, CULTURAL, COMMERCIAL, OFFICE, GOVERNMENT, TRANSIT, AND OTHER FACILITIES TO COMBAT DETERIORATION OF THE COMMUNITY AND CONTRIBUTE TO THE STRENGTHENING AND PHYSICAL DEVELOPMENT IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $5,880,416 Revenue: $5,200,588

FRUITVALE TRANSIT VILLAGE: PROVIDES A SUSTAINABLE COMMUNITY SERVICE CENTER TO THE FRUITVALE DISTRICT OF THE CITY OF OAKLAND, LOCATED AT A MASS TRANSIT HUB. BY PROVIDING A NEXUS OF COMMUNITY AND...

FRUITVALE TRANSIT VILLAGE: PROVIDES A SUSTAINABLE COMMUNITY SERVICE CENTER TO THE FRUITVALE DISTRICT OF THE CITY OF OAKLAND, LOCATED AT A MASS TRANSIT HUB. BY PROVIDING A NEXUS OF COMMUNITY AND SOCIAL SERVICES LOCATED AT A MULTI-MODAL MASS TRANSIT CENTER, THE ORGANIZATION CAN PROVIDE OPPORTUNITIES FOR LOW INCOME AND MODERATE INCOME INDIVIDUALS TO ACCESS NECESSARY SERVICES IN A LOCATION CONVENIENTLY ACCESSIBLE BY MASS TRANSIT. THE ORGANIZATION PROVIDES MORE THAN 115,000 SQUARE FEET OF COMMUNITY SERVICES, INCLUDING PRESCHOOL, HIGH SCHOOL, SENIOR SERVICES, PUBLIC LIBRARY, HEALTH CLINIC, LOW TO NO COST TENANT IMMIGRANT AND EMPLOYEE LEGAL SERVICES, FINANCIAL COUNSELING, AND OTHERS, SERVING MORE THAN 1,500 CLIENTS EACH WEEK. ADDITIONALLY, THE ORGANIZATION HAS PROVIDED A CENTRALIZED AND TENANT-FRIENDLY LOCATION TO ENCOURAGE THE CREATION AND DEVELOPMENT OF SMALL BUSINESSES THAT CAN CONTRIBUTE TO THE OVERALL IMPROVEMENT IN THE FRUITVALE DISTRICT ECONOMY, AS WELL AS THE FINANCIAL HEALTH OF THE CITY OF OAKLAND, AS SUPPORTED THROUGH PROPERTY TAXES AND SALES TAXES. THE ORGANIZATION HAS ENCOURAGED THE CREATION OF MORE THAN 30 SMALL BUSINESSES GENERATED MORE THAN $300,000 IN ANNUAL PROPERTY TAXES TO THE COUNTY, ALONG WITH MORE THAN $100,000 IN ANNUAL SALES TAXES.

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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 $5,200,588

Investment Income $12,953

Other Revenue $0

TOTAL REVENUE $5,213,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,797

Fundraising Expenses $0

Program Expenses $5,880,416

Other Expenses $6,493,017

TOTAL EXPENSES $6,839,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,213,541	$5,898,964	-0.1%
Expenses	$6,839,814	$7,039,987	0.0%
Net Income	$-1,626,273	$-1,141,023	+0.4%

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

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

$1,133,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER IGLESIAS	CEO	2.00	Officer	$0	$24,643	$417,757
ERIN ELIZABETH PATCH	PRESIDENT	2.00	Officer	$0	$17,468	$350,909
JOSE ARMANDO HERNANDEZ	COO	2.00	Officer	$0	$14,139	$230,880
AUBRA LEVINE	VP OF RE DEVELOPME	0.00		$0	$24,283	$209,503
LUIS ARENAS	VP OF CHLD & FAM S	0.00		$0	$20,630	$205,336
TERESA ESTRADA	VP OF HR	0.00		$0	$21,377	$195,790
FRANCISCO PEREZ	CONTROLLER	0.00		$0	$15,232	$178,892
HEATHER BROWN	DIR OF PROP MGT	0.00		$0	$17,075	$155,207
SANDRA DALIDA	CFO	2.00	Officer	$0	$12,697	$134,207
RALPH HOLMES	Director	1.00	Director	$0	$0	$0
CLAUDIA BURGOS	Director	1.00	Director	$0	$0	$0
ANA CARDENAS	Director	1.00	Director	$0	$0	$0
JOSE CORONA	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
CASEY WILLIAMS	Secretary	1.00	Officer Director	$0	$0	$0
MIRELLA ALMANZA	Director	1.00	Director	$0	$0	$0
EMILIO CRUZ	Director	1.00	Director	$0	$0	$0
MIGUEL DUARTE	Director	1.00	Director	$0	$0	$0
LILI GANGAS	Director	1.00	Director	$0	$0	$0
SILVIA GUZMAN	Director	1.00	Director	$0	$0	$0
MARIAH LAFLEUR	Director	1.00	Director	$0	$0	$0
RODERICK ROCHE	Director	1.00	Director	$0	$0	$0
SARAH YOELL	Director	1.00	Director	$0	$0	$0
DANIEL ZAMANI	Director	1.00	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
2024	$5,213,541	$6,839,814	$28,142,005	$-1,626,273
2023	$5,898,964	$7,039,987	$29,710,481	$-1,141,023
2022	$4,738,930	$6,125,381	$27,866,336	$-1,386,451
2021	$4,760,248	$6,139,360	$29,529,023	$-1,379,112
2020	$4,685,643	$6,138,468	$30,807,503	$-1,452,825
2019	$4,457,391	$5,864,472	$32,299,847	$-1,407,081
2018	$4,244,880	$5,102,060	$33,563,900	$-857,180