OUR SAVIOURS LUTHERAN DEVELOPMENT CORP co CARING Housing Ministries

EIN: 953460073 501(c)(3)

GLENDALE, CA

Total Revenue
$2,587,057
Total Expenses
$1,435,285
Total Assets
$5,998,881
Net Assets
$5,861,350
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CA
Phone
8182541414
Tax Period
2024-07-01 to 2025-06-30

OUR SAVIOURS LUTHERAN DEVELOPMENT CORP co CARING Housing Ministries, founded in 1974, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 45% operating margin.

Mission

The Organization provides Low Income Housing and related facilities to elderly families and individuals and, as needed, services specially designed to meet their physical, social and psychological needs that contributes to their health, security and happiness.The Project receives a substantial portion of their rental revenue from HUD under Section 8 Housing Assistance Program.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,456,269
Investment Income $35,647
Other Revenue $95,141
TOTAL REVENUE $2,587,057

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,435,285
Other Expenses $1,435,285
TOTAL EXPENSES $1,435,285

Year-over-Year Comparison

2024 2023 Change
Revenue $2,587,057 $2,377,174 +0.1%
Expenses $1,435,285 $1,395,762 +0.0%
Net Income $1,151,772 $981,412 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Bray President & CEO 1.00
Officer Director
$0 $0 $0
Kevin Wattier Director 1.00
Director
$0 $0 $0
Marilyn L Chelsvig Vice President 1.00
Officer Director
$0 $0 $0
Peter Hendrickson Treasurer 1.00
Officer Director
$0 $0 $0
Shelia Nix Secretary 1.00
Officer Director
$0 $0 $0
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 $2,587,057 $1,435,285 $5,998,881 $1,151,772
2024 $2,377,174 $1,395,762 $5,209,327 $981,412
2023 $2,194,119 $1,356,545 $4,546,071 $837,574
2022 $2,051,886 $1,330,913 $4,251,555 $720,973
2021 $2,074,379 $1,434,786 $3,946,056 $639,593
2020 $2,066,558 $1,383,450 $3,720,076 $683,108
2019 $1,656,930 $1,171,437 $3,456,125 $485,493
2018 $1,395,433 $1,206,762 $3,306,353 $188,671
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