HOOKSTON SENIOR HOMES 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

1998

Legal Domicile

Principal Officer

SUSAN FRIEDLAND

Phone

5106470700

Tax Period

2024-01-01 to 2024-12-31

HOOKSTON SENIOR HOMES INC, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $35.8M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19.8M, a strong 55% operating margin.

Mission

(1) TO PROVIDE HOUSING FOR LOW INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (2) TO SERVE AS A GENERAL PARTNER IN A LIMITED PARTNERSHIP WHICH OWNS AND OPERATES HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS WHO ARE IN NEED OF AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS; AND (3) TO SUPPORT THE PURPOSES OF SATELLITE AFFORDABLE HOUSING ASSOCIATES, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $16,006,116 Revenue: $11,996,229

THE CORPORATION SERVES AS A LIMITED PARTNER IN FOURTEEN LIMITED PARTNERSHIPS WHICH PROVIDE 354 UNITS OF LOW-INCOME HOUSING IN BERKELEY, CA, 298 UNITS OF LOW-INCOME HOUSING IN OAKLAND, CA, 51 UNITS OF LOW-INCOME HOUSING IN FREMONT, CA, 17 UNITS OF LOW-INCOME HOUSING IN WALNUT CREEK, CA, AND 45 UNITS OF LOW-INCOME HOUSING IN SEBASTOPOL, CA. THE CORPORATION ALSO SERVES AS A LIMITED PARTNER IN NINE LIMITED PARTNERSHIPS WHICH ARE CURRENTLY DEVELOPING LOW-INCOME HOUSING PROJECTS IN THE CALIFORNIA BAY AREA.

Program 2

Expenses: $19,383

THE CORPORATION PROVIDES GRANTS FOR GENERAL SUPPORT TO SATELLITE AFFORDABLE HOUSING ASSOCIATES (SAHA), A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF SAHA'S EXEMPT...

THE CORPORATION PROVIDES GRANTS FOR GENERAL SUPPORT TO SATELLITE AFFORDABLE HOUSING ASSOCIATES (SAHA), A RELATED CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, IN FURTHERANCE OF SAHA'S EXEMPT PURPOSE OF PROVIDING QUALITY AFFORDABLE HOMES AND SERVICES THAT EMPOWER PEOPLE AND STRENGHTEN NEIGHBORHOODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,745,264

Program Service Revenue $11,996,229

Investment Income $36,371

Other Revenue $0

TOTAL REVENUE $35,777,864

Expense Breakdown

Grants Paid $19,383

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,025,499

Other Expenses $16,006,116

TOTAL EXPENSES $16,025,499

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,777,864	$22,422,303	+0.6%
Expenses	$16,025,499	$11,022,862	+0.5%
Net Income	$19,752,365	$11,399,441	+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

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

$631,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE JACOB	PRESIDENT	0.10	Officer Director	$0	$0	$0
ANTHONY BARRON	SECRETARY	0.10	Officer Director	$0	$0	$0
GREG CHIN	DIRECTOR	0.10	Director	$0	$0	$0
SUSAN FRIEDLAND	CHIEF EXECUTIVE OFFICER	0.10	Officer	$0	$38,460	$385,727
JOSE SANCHEZ	VP OF FINANCE	0.10	Officer	$0	$45,402	$245,520

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	$35,777,864	$16,025,499	$35,585,035	$19,752,365
2023	$22,422,303	$11,022,862	$15,798,922	$11,399,441
2022	$10,411,906	$6,210,311	$4,342,865	$4,201,595
2021	$3,853,920	$4,275,848	$103,508	$-421,928
2020	$2,795,536	$3,139,283	$523,447	$-343,747
2019	$2,279,408	$2,050,769	$864,079	$228,639
2018	$4,094,554	$18,664,541	$630,928	$-14,569,987