Santa Barbara, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Laguna Cottages For Seniors, founded in 1953, is a small nonprofit in the Housing & Shelter sector that reported $617K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Net assets of $6.5M represent 126 months of operating reserves.
The mission of Laguna Cottages is to provide affordable rental housing for low income seniors, age 65 and older. Residents pay rent at the rate of 30% of their income. Rents are recalculated annually by review of each resident's income for the past year. Laguna Cottages has fifty five units, with fifty eight current residents.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $616,809 | $718,155 | -0.1% |
| Expenses | $654,677 | $633,862 | +0.0% |
| Net Income | $-37,868 | $84,293 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Christina Songer | Executive Dir. | 40.00 |
Officer
|
$95,246 | $9,670 | $104,916 |
| Susanne Wood | President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Shelley Rickard | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Gail Persoon | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Vicki Woolford | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Patty Gonzalez | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Marsha Messmore | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Cheryl Johnson | Treasurer | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Schmidt | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Barbara Allen | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeri Waite | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Cindy Abbott | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Nora Taugher | Board member | 1.00 |
Director
|
$0 | $0 | $0 |
| Cara DeAmicis | Vice President | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $616,809 | $654,677 | $6,497,971 | $-37,868 |
| 2022 | $718,155 | $633,862 | $6,262,776 | $84,293 |
| 2021 | $648,742 | $581,075 | $6,914,907 | $67,667 |
| 2020 | $473,330 | $522,221 | $6,508,763 | $-48,891 |
| 2019 | $521,757 | $507,895 | $6,340,879 | $13,862 |
| 2018 | $781,227 | $495,241 | $5,989,204 | $285,986 |
Compare Laguna Cottages For Seniors with other nonprofits in California and across the country.