CITY HEIGHTS COMMUNITY DEVELOPMENT… - 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

1981

Legal Domicile

Principal Officer

ALEXIS VILLANUEVA

Phone

6195841535

Tax Period

2022-07-01 to 2023-06-30

CITY HEIGHTS COMMUNITY DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $3.6M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $4.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

ENHANCE THE QUALITY OF LIFE IN CITY HEIGHTS BY WORKING WITH OUR COMMUNITY TO CREATE AND SUSTAIN QUALITY AFFORDABLE HOUSING & LIVABLE NEIGHBORHOODS & FOSTER ECONOMIC SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $2,892,269 Revenue: $38,542

INCREASE THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING IN CITY HEIGHTS/MID CITY. DEVELOP, OWN, OPERATE, AND/OR DIRECT AS MANAGING GENERAL PARTNER NEW DECENT HOUSING AND EXISTING 749 UNITS OF...

INCREASE THE AVAILABILITY AND QUALITY OF AFFORDABLE HOUSING IN CITY HEIGHTS/MID CITY. DEVELOP, OWN, OPERATE, AND/OR DIRECT AS MANAGING GENERAL PARTNER NEW DECENT HOUSING AND EXISTING 749 UNITS OF RENTAL HOUSING AT 13 LOCATIONS. APPROXIMATELY 3,000 TENANT RESIDENTS SERVED.

Program 2

Expenses: $228,267 Revenue: $182,113

PROVIDES THE RESIDENTS OF OUR HOUSING COMPLEXES THE TOOLS THAT THEY WILL NEED TO SECURE BETTER EMPLOYMENT, HIGHER EDUCATION AND OPTIMUM LIVING CONDITIONS FOR THEIR FAMILIES. BY PROVIDING EDUCATION...

PROVIDES THE RESIDENTS OF OUR HOUSING COMPLEXES THE TOOLS THAT THEY WILL NEED TO SECURE BETTER EMPLOYMENT, HIGHER EDUCATION AND OPTIMUM LIVING CONDITIONS FOR THEIR FAMILIES. BY PROVIDING EDUCATION, TRAINING AND A MULTIPLE ARRAY OF SUPPORT SERVICES, FAMILIES ARE MADE AWARE OF AND PROVIDED ACCESS TO OPPORTUNITIES AND RESOURCES THAT INCREASE THEIR FAMILY'S INCOME, IMPROVE THEIR CHILDREN'S FUTURE AND HAVE A HIGHER QUALITY OF LIFE.

Program 3

Expenses: $364,205

PROMOTING SAFE, CONVENIENT AND HEALTHY WALKING, BICYCLING AND TRANSIT COMMUNTING OPTIONS FOR THE CITY HEIGHTS COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,249,686

Program Service Revenue $220,655

Investment Income $8,856

Other Revenue $91,286

TOTAL REVENUE $3,570,483

Expense Breakdown

Grants Paid $365,000

Salaries & Benefits $1,616,079

Fundraising Expenses $136,380

Program Expenses $3,484,741

Other Expenses $2,071,699

TOTAL EXPENSES $4,052,778

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,570,483	$3,168,178	+0.1%
Expenses	$4,052,778	$2,951,991	+0.4%
Net Income	$-482,295	$216,187	-3.2%

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

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

$133,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KHALISA BOLLING	CHAIRMAN	2.00	Officer Director	$0	$0	$0
VENUS MOLINA	VICE CHAIR	2.00	Officer Director	$0	$0	$0
PATRICIA ALVAREZ DE LOS CABOS	TREASURER	2.00	Officer Director	$0	$0	$0
ANTONIO FIGUEROA	BOARD MEMBER	2.00	Director	$0	$0	$0
DANEA RAMOS	BOARD MEMBER	2.00	Director	$0	$0	$0
AERIAMIQUE BLAKE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARYAN OSMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES THOMPSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON KEO	BOARD MEMBER	2.00	Director	$0	$0	$0
JORDAN HARRIZON	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA ANN FERNEA	EXECUTIVE DIRECTOR	40.00	Director	$133,508	$0	$133,508

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	No data	No data	No data	No data
2023	$3,570,483	$4,052,778	$4,813,156	$-482,295
2022	$3,168,178	$2,951,991	$5,289,678	$216,187
2021	$2,523,725	$1,987,583	$5,178,660	$536,142
2020	$1,459,373	$1,577,467	$4,629,300	$-118,094
2019	$1,476,209	$1,496,434	$4,456,301	$-20,225
2018	$4,930,953	$1,455,278	$6,653,804	$3,475,675

CITY HEIGHTS COMMUNITY DEVELOPMENT CORPORATION