FOUNDATION PROPERTY MANAGEMENT INC

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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

1981

Legal Domicile

Principal Officer

STUART HARTMAN

Phone

5622575100

Tax Period

2024-10-01 to 2025-09-30

FOUNDATION PROPERTY MANAGEMENT INC, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $14.7M in total revenue in fiscal year 2024. Expenses of $19.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE CENTRALIZED MANAGEMENT AND ADMINISTRATIVE SERVICES TO LOW AND VERY LOW INCOME AND MARKET RATE RETIREMENT HOUSING COMMUNITIES AND ASSISTED LIVING FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $19,325,415 Revenue: $14,460,561

TO PROVIDE CENTRALIZED MANAGEMENT AND ADMINISTRATIVE SERVICES TO OVER 190 RELATED TAX EXEMPT AND OTHER ORGANIZATIONS THAT OPERATE LOW AND VERY LOW INCOME AND MARKET RATE RETIREMENT HOUSING...

TO PROVIDE CENTRALIZED MANAGEMENT AND ADMINISTRATIVE SERVICES TO OVER 190 RELATED TAX EXEMPT AND OTHER ORGANIZATIONS THAT OPERATE LOW AND VERY LOW INCOME AND MARKET RATE RETIREMENT HOUSING COMMUNITIES AND ASSISTED LIVING FACILITIES.

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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 $251,550

Program Service Revenue $14,401,240

Investment Income $59,028

Other Revenue $293

TOTAL REVENUE $14,712,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,579,995

Fundraising Expenses $0

Program Expenses $19,325,415

Other Expenses $14,816,790

TOTAL EXPENSES $19,396,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,712,111	$14,537,334	+0.0%
Expenses	$19,396,785	$22,325,298	-0.1%
Net Income	$-4,684,674	$-7,787,964	-0.4%

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

810

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

$1,762,915

Total Directors

Key Employees

$3,194,883

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARTMAN STUART J	PRESIDENT/CEO	0.20	Officer	$0	$76,739	$770,133
AMBERG ROBERT R	EXECUTIVE VP GEN COUNSEL	0.20	Key Emp	$0	$54,717	$530,647
ROSSELLO FRANK JR	CFO AND VP OF FINANCE	0.20	Officer	$0	$30,494	$488,122
FARD BOBBY J	VP ACQUIS AND PROJ DEV	0.20	Key Emp	$0	$26,130	$326,600
ESCANDON YURI ANDREW	VP HOUSING OPERATIONS	0.20	Officer	$266,772	$55,605	$322,377
GILCHRIST KEVIN DARRELL	VP DEV FIN & ASSET MGMT	0.20	Key Emp	$0	$58,557	$317,115
BATTAGLIA NADA	VP HUMAN RESOURCES	0.20	Key Emp	$0	$53,518	$306,215
TITUS STEPHANIE L	VP PHILANTHROPY/CSO	0.20	Key Emp	$0	$58,388	$310,109
KING DIANE D	COMPL AND PRIVACY OFFICER	0.20	Key Emp	$0	$22,228	$259,898
MAGNONE VINCENT B	VP TREASURY & INVSTMT OFF	0.20	Key Emp	$0	$21,761	$254,783
CLOW JOHN C	VP RISK MANAGEMENT	0.20	Key Emp	$0	$22,289	$248,543
MICKELSON LAVONNE R	DIR OF AFFORD HOUSING OPS	0.20	Highest	$204,802	$4,875	$209,677
STECKBECK KENT	BUDGET & ANALYTICS DIR	0.20	Highest	$0	$5,371	$206,102
PHELPS LORI ANN	INFO SYSTEMS DIRECTOR	0.20	Highest	$0	$5,944	$204,059
ROBINSON TINA M	VP HOUSING ACCOUNTING	0.20	Key Emp	$0	$21,124	$214,780
HALL MAGGIE W	ASSOCIATE COUNSEL	0.20	Highest	$0	$23,477	$212,890
CHUNG DEAN H	CONTROLLER	0.20	Key Emp	$0	$31,777	$213,671
SANCHEZ OMAR E	CONSTRUCTION MANAGER SR	0.20	Highest	$0	$15,920	$199,550
SILVA JOANNE L	VP OCCUPANCY & TAX CREDIT	0.20	Key Emp	$183,549	$28,973	$212,522
FOX LAURA L	DIRECTOR OF CORP RECORDS	0.20	Officer	$0	$18,022	$182,283
DESAEGHER NORMA N	PRESIDENT	0.20	Officer Director	$0	$0	$0
MAGNONA BRIAN	VICE PRESIDENT	0.20	Officer	$0	$0	$0
MCKINNEY CHARLES N	VICE PRESIDENT	0.20	Officer	$0	$0	$0
LACAYO ARLENE	ASST. SECRETARY	0.20	Officer	$0	$0	$0
DI MAMBRO DINA	ASST. SECRETARY	0.20	Officer	$0	$0	$0
GUFFEY EDITH A	DIRECTOR	0.20	Director	$0	$0	$0
HART DONALD G	DIRECTOR	0.20	Director	$0	$0	$0
POLLOCK R JEFFREY	DIRECTOR	0.20	Director	$0	$0	$0
POTTER CHRISTINA E	DIRECTOR	0.20	Director	$0	$0	$0
EAST RAYMOND E	DIRECTOR	0.20	Director	$0	$0	$0
BUNN ANDREW R	DIRECTOR	0.20	Director	$0	$0	$0
WILSON CHERYL	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
2025	$14,712,111	$19,396,785	$2,481,566	$-4,684,674
2024	$14,537,334	$22,325,298	$1,593,605	$-7,787,964
2023	$14,530,644	$22,058,389	$1,157,599	$-7,527,745
2022	$16,360,712	$20,815,741	$929,784	$-4,455,029
2021	$18,940,331	$20,912,862	$1,227,152	$-1,972,531
2020	$17,829,483	$21,060,168	$1,338,213	$-3,230,685
2019	$17,308,016	$21,418,342	$1,766,492	$-4,110,326
2018	$15,488,651	$21,455,218	$1,411,942	$-5,966,567