COMMUNITY CORPORATION OF SANTA MONICA (EIN 953795161) - 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

1982

Legal Domicile

Principal Officer

TARA BARAUSKAS

Phone

3103948487

Tax Period

2024-07-01 to 2025-06-30

COMMUNITY CORPORATION OF SANTA MONICA, founded in 1982, is a mid-sized nonprofit in the Housing & Shelter sector that reported $21.4M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION'S MISSION IS TO IMPROVE LIVES AND NEIGHBORHOODS BY RESTORING, BUILDING, AND MANAGING AFFORDABLE HOUSING FOR PEOPLE OF MODEST MEANS. WE WORK TO ADVANCE VALUES THAT SANTA MONICA RESIDENTS SHARE AND TO ENRICH THE COMMUNITY FOR ALL.

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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 $5,281,727

Program Service Revenue $14,493,629

Investment Income $451,509

Other Revenue $1,176,748

TOTAL REVENUE $21,403,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,172,580

Fundraising Expenses $0

Program Expenses $12,286,285

Other Expenses $13,713,566

TOTAL EXPENSES $20,886,146

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,403,613	$17,195,346	+0.2%
Expenses	$20,886,146	$23,216,288	-0.1%
Net Income	$517,467	$-6,020,942	-1.1%

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

141

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

$447,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARA BARAUSKAS	EXECUTIVE DIRECTOR	40.00	Officer	$254,167	$4,800	$258,967
ROBERT CONNELL	CHIEF FINANCIAL OFFICER	40.00	Officer	$181,807	$6,912	$188,719
DURINDA ABRAHAM	DIRECTOR OF PROPERTY MGMT	40.00	Highest	$179,019	$6,825	$185,844
MIGUEL CEBALLOS	DIRECTOR OF MAINTENANCE	40.00	Highest	$159,981	$6,063	$166,044
MARTHA MARTINEZ	HUMAN RESOURCES MANAGER	40.00	Highest	$153,296	$5,772	$159,068
ANGELA ROGERS	DEPUTY OF PROPERTY MANAGEM	40.00	Highest	$130,735	$0	$130,735
ADRIAN SERVETNICK	PROJECT MANAGER	40.00	Highest	$130,489	$0	$130,489
KYONG CHANG	DEPUTY DIRECTOR OF OPERATI	40.00	Highest	$130,871	$0	$130,871
MARIO WASHINGTON	PROJECT MANAGER	40.00	Highest	$127,234	$0	$127,234
JAIME RAMOS	ASSISTANT DIRECTOR OF MAIN	40.00	Highest	$116,049	$0	$116,049
RICHARD MOORE	CHAIR	1.00	Officer Director	$0	$0	$0
JOANNE YOKOTA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARIA RODRIGUEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT GARDNER	TREASURER	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	$21,403,613	$20,886,146	$207,024,758	$517,467
2024	$17,195,346	$23,216,288	$199,485,995	$-6,020,942
2023	$17,446,931	$21,101,308	$196,578,894	$-3,654,377
2022	$17,598,823	$16,280,446	$197,338,615	$1,318,377
2021	$18,279,649	$15,776,274	$198,145,553	$2,503,375
2020	$16,914,170	$14,357,414	$204,879,089	$2,556,756
2019	$17,605,456	$13,729,547	$197,499,983	$3,875,909
2018	$13,020,636	$13,252,456	$173,913,593	$-231,820

COMMUNITY CORPORATION OF SANTA MONICA