NATIONAL CITY, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SPRINGBOARD CDFI, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $225K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $402K exceeded revenue, resulting in a 78% operating deficit.
SPRINGBOARD CDFI IS A 501(C)3 NONPROFIT CORPORATION INCORPORATED ON FEBRUARY 25, 1982 WITH A MISSION TO BRIDGE THE WEALTH GAP IN AMERICA BY BRINGING SCALED SOLUTIONS AND ACCESS TO CAPITAL TO UNDERSERVED MARKETS.
THROUGH ITS COMBINED PRODUCTS AND SERVICES, SPRINGBOARD CDFI ASSISTED 400 CONSUMERS IN THE HOMEOWNERSHIP PROCESS DURING THE YEAR. SPRINGBOARD CDFI IS A US TREASURY CERTIFIED COMMUNITY DEVELOPMENT...
THROUGH ITS COMBINED PRODUCTS AND SERVICES, SPRINGBOARD CDFI ASSISTED 400 CONSUMERS IN THE HOMEOWNERSHIP PROCESS DURING THE YEAR. SPRINGBOARD CDFI IS A US TREASURY CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, PROVIDING DOWN-PAYMENT, FIRST MORTGAGE, AND CLOSING COST LOANS FOR THE PRIMARY BENEFIT OF LOW TO MODERATE INCOME (LMI) FIRST-TIME HOMEBUYERS IN COMMUNITIES GENERALLY UNDERSERVED BY TRADITIONAL LENDERS. SPRINGBOARD CDFI OFFERS A VARIETY OF LOAN PROGRAMS IN PARTNERSHIP WITH FINANCIAL INSTITUTIONS AND OTHER PARTNERS AND ALSO ORIGINATES OR SERVICES A VARIETY OF DOWN-PAYMENT AND SPECIAL PROGRAMS, EITHER FROM ITS OWN FUNDS, BROKERED THROUGH BANK LENDING PARTNERS, OR AS THE ADMINISTRATOR ON BEHALF OF GOVERNMENT OR NONPROFIT ENTITIES. THE LOAN ASSETS OF SPRINGBOARD CDFI WERE ORIGINATED UNDER THE FOLLOWING PROGRAM: CALHOME: CALHOME LOAN FUNDS ALLOW FIRST-TIME HOMEBUYERS EARNING LESS THAN 80% OF AREA MEDIAN INCOME TO OBTAIN FULLY DEFERRED DOWN-PAYMENT LOANS AT 3% INTEREST. REPAYMENT OF THESE LOANS IS DEFERRED UNTIL THE SALE OR REFINANCING OF THE PROPERTY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $225,180 | $168,905 | +0.3% |
| Expenses | $401,741 | $384,826 | +0.0% |
| Net Income | $-176,561 | $-215,921 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CURTIS PARADZICK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TODD EMERSON | BOARD CHAIR | 1.00 |
Officer
|
$0 | $0 | $0 |
| DENIS GITSCHIER | TREASURER | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEVEN CLARK | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| ANGELIQUE CAPALBO | PRESIDENT | 40.00 |
Officer
|
$164,475 | $16,726 | $181,201 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $225,180 | $401,741 | $9,636,256 | $-176,561 |
| 2022 | $168,905 | $384,826 | $9,349,739 | $-215,921 |
| 2021 | $676,910 | $494,843 | $9,572,019 | $182,067 |
| 2020 | $3,406,050 | $1,411,241 | $9,545,566 | $1,994,809 |
| 2019 | $1,850,444 | $2,433,659 | $9,261,266 | $-583,215 |
| 2018 | $743,000 | $2,929,871 | $9,338,614 | $-2,186,871 |
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