COVIA AFFORDABLE COMMUNITIES

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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

2000

Legal Domicile

Principal Officer

EDUARDO SALVADOR

Phone

9259567370

Tax Period

2022-04-01 to 2023-03-31

COVIA AFFORDABLE COMMUNITIES, founded in 2000, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2022. The organization ran a surplus of $3.9M, a strong 46% operating margin.

Mission

TO PROVIDE QUALITY SENIOR COMMUNITIES, ENCOMPASSING HOUSING, ASSISTED LIVING, AND SOCIAL AND HEALTH CARE SERVICES. COVIA AFFORDABLE COMMUNITIES ENABLES SENIORS WITH DIFFERENT NEEDS AND ABILITIES TO AGE WITH DIGNITY, REGARDLESS OF THEIR MEANS.

Program Service Accomplishments

Program 1

Expenses: $3,593,250 Revenue: $5,009,346

MANAGEMENT PROGRAMS - TO PROVIDE ORGANIZATIONAL AND FACILITIES MANAGEMENT SERVICES TO ITS SUBSIDIARY NONPROFIT PUBLIC BENEFIT CORPORATIONS THAT PROVIDE HEALTH CARE SERVICES, SUPPORTIVE SERVICES...

MANAGEMENT PROGRAMS - TO PROVIDE ORGANIZATIONAL AND FACILITIES MANAGEMENT SERVICES TO ITS SUBSIDIARY NONPROFIT PUBLIC BENEFIT CORPORATIONS THAT PROVIDE HEALTH CARE SERVICES, SUPPORTIVE SERVICES AND/OR HOUSING TO LOW-INCOME PERSONS, THE ELDERLY AND OTHERS WITH SPECIAL NEEDS. TOTAL OF 1,215 PEOPLE WERE SERVED DURING THE YEAR.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,433,135

Program Service Revenue $5,009,346

Investment Income $703

Other Revenue $0

TOTAL REVENUE $8,443,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,131,799

Fundraising Expenses $0

Program Expenses $3,593,250

Other Expenses $1,437,021

TOTAL EXPENSES $4,568,820

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,443,184	$8,399,429	+0.0%
Expenses	$4,568,820	$4,567,149	+0.0%
Net Income	$3,874,364	$3,832,280	+0.0%

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

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

$2,825,802

Total Directors

Key Employees

$4,140,594

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNELLY KEN	CHAIR	1.00	Officer Director	$0	$0	$0
EMSLIE STEPHEN	CHAIR (THRU 02/23)	1.00	Officer Director	$0	$0	$0
MCGOVERN MARION	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JIMENEZ CARLOS	DIRECTOR	1.00	Director	$0	$0	$0
KENNISON MARGOL	DIRECTOR	1.00	Director	$0	$0	$0
KROEKER KEVIN	DIRECTOR	1.00	Director	$0	$0	$0
PETERS WILLIAM	DIRECTOR	1.00	Director	$0	$0	$0
WOODWARD JOHN	CEO	0.10	Officer	$0	$11,125	$1,361,658
SALVADOR EDUARDO	CFO	0.10	Officer	$0	$56,823	$804,571
CASEY JONATHAN	SECRETARY/VP OF FINANCE	0.10	Officer	$0	$50,878	$261,140
DIAZ SORAYA	PRESIDENT OF AFFORDABLE HOUSING	7.00	Officer	$0	$57,204	$398,433
OLSON KARI	CHIEF INNOV & TECH OFFICER	0.10	Key Emp	$0	$69,468	$743,220
JAMISON DIANA - CHIEF CAPITAL	STRATEGIES OFFICER (THRU 09/22)	0.10	Key Emp	$0	$59,169	$690,852
SCHAEFER RONALD	COO (THRU 02/22)	0.10	Key Emp	$0	$7,519	$557,413
BUTLER JOSEPH	CHIEF LEGAL OFFICER (THRU 08/22)	0.10	Key Emp	$0	$10,550	$468,889
BURTON DESIREE	CHIEF HR OFFICER	0.10	Key Emp	$0	$11,704	$660,296
MCMULLIN MARY	CHIEF STRATEGY/ADV. OFFICER	0.10	Key Emp	$0	$89,253	$650,062
VRANICH RACHEL	CHIEF LEGAL OFFICER	0.10	Key Emp	$0	$25,915	$369,862
LEE BENSON	HOUSING ADMINISTRATOR	20.00	Highest	$136,973	$17,261	$154,234

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
2023	$8,443,184	$4,568,820	$20,479,822	$3,874,364
2023	$422,620	$279,261	No data	$143,359
2022	$8,399,429	$4,567,149	$16,993,405	$3,832,280
2021	$6,366,711	$4,167,330	$13,270,387	$2,199,381
2020	$5,679,353	$3,994,366	$10,463,154	$1,684,987
2019	$6,059,418	$3,091,590	$8,830,593	$2,967,828