FULLER AVENUE SENIOR CITIZEN HOUSING CORPORATION (EIN 953619036) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

HOWARD KATZ

Phone

3104756083

Tax Period

2024-01-01 to 2024-12-31

FULLER AVENUE SENIOR CITIZEN HOUSING CORPORATION, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. The organization ran a surplus of $1.3M, a strong 52% operating margin.

Mission

FULLER AVENUE SENIOR CITIZEN HOUSING CORPORATION, A CALIFORNIA NONPROFIT CORPORATION WAS FORMED TO OWN AN 89 UNIT RENTAL HOUSING PROJECT FOR THE ELDERLY LOCATED IN LOS ANGELES, CALIFORNIA. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WHICH GOVERNS THE OPERATION OF THE PROJECT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE REGULATORY AGREEMENT RESTRICTS THE RENTAL OF THE FACILITY TO LOW INCOME TENANTS FOR A MINIMUM OF 40 YEARS.

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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 $1,928,510

Program Service Revenue $383,905

Investment Income $81,880

Other Revenue $2,818

TOTAL REVENUE $2,397,113

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $924,550

Other Expenses $1,146,361

TOTAL EXPENSES $1,146,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,397,113	$2,309,279	+0.0%
Expenses	$1,146,361	$1,215,801	-0.1%
Net Income	$1,250,752	$1,093,478	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD KATZ	PRESIDENT	0.20	Officer Director	$0	$0	$0
SONNY WALLENSKY	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
DR MAURICE DOUEK	TREASURER	0.20	Officer Director	$0	$0	$0
RICHARD LICHTENSTEIN	SECRETARY	0.20	Officer Director	$0	$0	$0
ELIOT SAMULON	DIRECTOR	0.20	Director	$0	$0	$0
ANNE FRIEDRICH	DIRECTOR	0.20	Director	$0	$0	$0
FRED KUPERBERG	DIRECTOR	0.20	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
2024	$2,397,113	$1,146,361	$6,144,419	$1,250,752
2023	$2,309,279	$1,215,801	$5,340,916	$1,093,478
2022	$2,171,730	$1,254,559	$4,713,110	$917,171
2021	$2,113,949	$1,170,281	$4,099,192	$943,668
2020	$2,069,264	$1,178,218	$3,505,453	$891,046
2019	$1,762,898	$1,080,531	$2,949,047	$682,367
2018	$1,238,778	$1,087,044	$2,519,885	$151,734

FULLER AVENUE SENIOR CITIZEN HOUSING CORPORATION