AREA HOUSING AUTHORITY OF THE COUN… - Form 990 Financial Data

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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

1972

Legal Domicile

Principal Officer

MICHAEL NIGH

Phone

8054809991

Tax Period

2024-07-01 to 2025-06-30

AREA HOUSING AUTHORITY OF THE COUNTY OF VENTURA, founded in 1972, is a mid-sized nonprofit in the Housing & Shelter sector that reported $60.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HOUSING ASSISTANCE TO LOW-INCOME FAMILIES, PERSONS WITH DISABILITIES AND SENIORS.

Program Service Accomplishments

Program 1

Expenses: $50,244,942 Revenue: $6,702,928

SECTION 8 PROGRAM: THE HOUSING AUTHORITY SUBSIDIZED RENTS FOR 2,290 FAMILIES, PERSONS WITH DISABILITIES, AND SENIORS.

Program 2

Expenses: $4,453,721 Revenue: $1,884,243

LOW RENT PUBLIC HOUSING: THE HOUSING AUTHORITY CURRENTLY PROVIDES HOUSING FOR 351 LOW INCOME FAMILIES, PERSONS WITH DISABILITIES, AND SENIORS.

Program 3

Expenses: $2,322,600 Revenue: $128,011

THE HOUSING AUTHORITY OPERATES 232 TAX CREDIT UNITS FOR FAMILIES. ADDITIONALLY, WE ARE ABLE TO ASSIST ANOTHER 189 FAMILIES AND SENIORS THROUGH COMPLEXES AND HOUSES WE OWN.

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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 $51,435,623

Program Service Revenue $8,715,182

Investment Income $784,677

Other Revenue $0

TOTAL REVENUE $60,935,482

Expense Breakdown

Grants Paid $45,408,062

Salaries & Benefits $6,017,625

Fundraising Expenses $0

Program Expenses $57,021,263

Other Expenses $7,748,263

TOTAL EXPENSES $59,173,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,935,482	$59,143,068	+0.0%
Expenses	$59,173,950	$55,832,801	+0.1%
Net Income	$1,761,532	$3,310,267	-0.5%

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

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

$460,112

Total Directors

$5,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY BODIS	COMMISSIONER	1.00	Director	$500	$0	$500
ANGELA BRADLEY	RESIDENT COMMISSIONER	1.00	Director	$350	$0	$350
DOUGLAS HOOPER	COMMISSIONER	1.00	Director	$500	$0	$500
SUSAN JOHNSON	VICE-CHAIR	1.00	Officer Director	$400	$0	$400
CHUCK LECH	COMMISSIONER	1.00	Director	$300	$0	$300
MARK LUNN	CHAIR	1.50	Officer Director	$500	$0	$500
STEPHEN MASON	COMMISSIONER	1.00	Director	$400	$0	$400
JORGEN NIELSEN	COMMISSIONER	1.00	Director	$500	$0	$500
JOSEPH PIECHOWSKI	COMMISSIONER	1.00	Director	$500	$0	$500
JUAN PONCE	COMMISSIONER	1.00	Director	$350	$0	$350
MARCELLA RAMOS-CRUZ	COMMISSIONER	1.00	Director	$450	$0	$450
RANDY CHAPMAN	COMMISSIONER	1.00	Director	$150	$0	$150
BRENT REISENDER	COMMISSIONER	1.00	Director	$200	$0	$200
CHELSEE RUSSELL	COMMISSIONER	1.00	Director	$450	$0	$450
EDWIN WALL	COMMISSIONER	1.00	Director	$0	$0	$0
MICHAEL NIGH	EXECUTIVE DIRECTOR	40.00	Officer	$215,620	$44,527	$260,147
DENISE HOWELLS	DIRECTOR OF FINANCE	40.00	Officer	$164,254	$34,811	$199,065
JUAN JIMENEZ	HOUSING ASSETS MANAGER	40.00	Highest	$117,279	$28,424	$145,703
ALMA MALDONADO	SECTION 8 MANAGER	40.00	Highest	$117,256	$28,695	$145,951
JAMES MARKOT	DIRECTOR OF INFORMATION SYSTEMS	40.00	Highest	$165,574	$34,781	$200,355
GEORGE MCGEHEE JR	DIRECTOR OF HOUSING ASSETS	40.00	Highest	$165,622	$34,426	$200,048
CARRIE SABATINI	DEPUTY DIRECTOR	40.00	Highest	$187,508	$38,809	$226,317

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
2025	$60,935,482	$59,173,950	$56,848,900	$1,761,532
2024	$59,143,068	$55,832,801	$55,362,810	$3,310,267
2023	$52,969,922	$50,612,265	$53,281,387	$2,357,657
2022	$45,374,355	$44,061,751	$51,199,286	$1,312,604
2021	$43,905,696	$41,711,562	$50,380,025	$2,194,134
2020	$41,225,058	$39,661,562	$48,768,085	$1,563,496
2019	$38,677,713	$37,979,178	$47,173,992	$698,535
2018	$37,621,937	$37,165,631	$44,114,462	$456,306

AREA HOUSING AUTHORITY OF THE COUNTY OF VENTURA