MANY MANSIONS

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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

1979

Legal Domicile

Principal Officer

RICK SCHROEDER

Phone

8054964948

Tax Period

2023-07-01 to 2024-06-30

MANY MANSIONS, founded in 1979, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.6M in total revenue in fiscal year 2023.

Mission

TO PROMOTE AND PROVIDE SAFE WELL-MANAGED HOUSING WITH ON-SITE LIFE ENRICHING SERVICES FOR LIMITED INCOME RESIDENTS IN THE CONEJO VALLEY, VENTURA COUNTY, LOS ANGELES COUNTY AND THEIR SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $9,140,485 Revenue: $10,613,914

TO PROVIDE AFFORDABLE HOUSING AND LIFE-ENRICHING SERVICES TO LOW, VERY LOW AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES RESIDING IN BOTH VENTURA COUNTY AND LOS ANGELES COUNTY AND THE SURROUNDING AREAS. THE ORGANIZATION DEVELOPS (ACQUISITION/REHABILITATION AND NEW CONSTRUCTION HOUSING PROPERTIES), MANAGES, AND OWNS (SOLELY AND AS INVESTMENTS HELD AS PARTNERSHIP INTERESTS) TWENTY FIVE AFFORDABLE HOUSING RENTAL COMPLEXES CONSISTING OF 1,007 UNITS OF HOUSING. IN ADDITION, SERVICES ARE PROVIDED TO ITS RESIDENTS INCLUDING HOMEWORK TUTORING, SUMMER CAMP, SCHOOL SUPPORT, CASE MANAGEMENT, JOB DEVELOPMENT, AND LIFE-SKILLS.

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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 $2,625,390

Program Service Revenue $6,042,483

Investment Income $380,224

Other Revenue $1,531,971

TOTAL REVENUE $10,580,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,072,342

Fundraising Expenses $640,417

Program Expenses $9,140,485

Other Expenses $3,635,643

TOTAL EXPENSES $10,707,985

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,580,068	$9,935,451	+0.1%
Expenses	$10,707,985	$9,417,307	+0.1%
Net Income	$-127,917	$518,144	-1.2%

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

109

Volunteers

707

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

Total Directors

Key Employees

$545,245

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS PERRY	CHAIRPERSON	2.50	Officer Director	$0	$0	$0
MACKENZIE MAZEN	VICE CHAIRPERSON	2.50	Officer Director	$0	$0	$0
JOHN MADDUX	TREASURER	2.50	Officer Director	$0	$0	$0
SUSAN CASS	SECRETARY	2.50	Officer Director	$0	$0	$0
FRANCIS ADARKWA	BOARD MEMBER	1.50	Director	$0	$0	$0
GARY BARNUM	BOARD MEMBER	1.50	Director	$0	$0	$0
CLAUDIA CORTEZ	BOARD MEMBER	1.50	Director	$0	$0	$0
TIM HARRINGTON	BOARD MEMBER	1.50	Director	$0	$0	$0
KAREN INGRAM	BOARD MEMBER	1.50	Director	$0	$0	$0
AARON KITZMAN	BOARD MEMBER	1.50	Director	$0	$0	$0
KEVIN KOZAL	BOARD MEMBER	1.50	Director	$0	$0	$0
SARA MARTINEZ	BOARD MEMBER	1.50	Director	$0	$0	$0
SR LISA MEGAFFIN	BOARD MEMBER	1.50	Director	$0	$0	$0
HENRY MONTALVO	BOARD MEMBER	1.50	Director	$0	$0	$0
NANCY MORAVEC	BOARD MEMBER	1.50	Director	$0	$0	$0
JERRY PETRY	BOARD MEMBER	1.50	Director	$0	$0	$0
TINA MARIE SECREASE	BOARD MEMBER	1.50	Director	$0	$0	$0
CAROL SHELTON	BOARD MEMBER	1.50	Director	$0	$0	$0
CHRIS SOLTOW	BOARD MEMBER	1.50	Director	$0	$0	$0
SKYLER WOLPERT	BOARD MEMBER	1.50	Director	$0	$0	$0
RICK SCHROEDER	PRESIDENT	47.00	Key Emp Highest	$206,449	$0	$206,449
ENRIQUE BROWN	VP OF PROPERTY MANAGEMENT	40.00	Key Emp	$152,585	$0	$152,585
DOUG MENGES	EXECUTIVE VP	47.00	Key Emp	$186,211	$0	$186,211

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	No data	No data	No data	No data
2024	$10,580,068	$10,707,985	$53,059,588	$-127,917
2023	$9,935,451	$9,417,307	$53,496,317	$518,144
2022	$6,482,508	$7,845,277	$49,275,263	$-1,362,769
2021	$9,488,739	$7,932,755	$52,158,463	$1,555,984
2020	$7,476,506	$7,758,301	$49,170,450	$-281,795
2019	$6,487,053	$7,006,243	$47,843,133	$-519,190