CECIL AVENUE APARTMENTS INC

EIN: 953858285 501(c)(3)

LONG BEACH, CA

Total Revenue
$639,113
Total Expenses
$592,602
Total Assets
$3,498,065
Net Assets
$307,988
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
CA
Principal Officer
STUART HARTMAN
Phone
5622575100
Tax Period
2023-05-01 to 2024-04-30

CECIL AVENUE APARTMENTS INC, founded in 1983, is a small nonprofit that reported $639K in total revenue in fiscal year 2023. Expenses of $593K left a modest 7% surplus.

Mission

CECIL AVENUE APARTMENTS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 43 UNIT COMMUNITY KNOWN AS HAROLD OLSON ROTARY VILLAGE LOCATED IN DELANO, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON DECEMBER 18, 2020, THE ORIGINAL MORTGAGE WAS REFINANCED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $469,407
Program Service Revenue $165,204
Investment Income $2,306
Other Revenue $2,196
TOTAL REVENUE $639,113

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $537,112
Other Expenses $592,602
TOTAL EXPENSES $592,602

Year-over-Year Comparison

2023 2022 Change
Revenue $639,113 $597,936 +0.1%
Expenses $592,602 $576,544 +0.0%
Net Income $46,511 $21,392 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
8
$858,258
Total Directors
17
$172,534
Key Employees
20
$5,057,122
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARTMAN STUART J PRESIDENT/CEO 0.20
Officer
$0 $68,128 $685,724
AMBERG ROBERT R EXECUTIVE VP GEN COUNSEL 0.20
Key Emp
$0 $49,216 $489,502
ROSSELLO FRANK JR CFO AND VP OF FINANCE 0.20
Key Emp
$0 $25,235 $403,817
FARD BOBBY J VP ACQUIS AND PROJ DEV 0.20
Key Emp
$0 $21,908 $281,127
MAGNONE VINCENT B VP TREASURY & INVSTMT OFF 0.20
Key Emp
$0 $37,102 $283,260
ESCANDON YURI ANDREW VP HOUSING OPERATIONS 0.20
Key Emp
$0 $40,606 $289,428
NAPIERSKIE DAVID W VP HEALTH CARE OPERATIONS 0.20
Key Emp
$0 $41,335 $286,493
BATTAGLIA NADA VP HUMAN RESOURCES 0.20
Key Emp
$0 $46,746 $288,839
TITUS STEPHANIE L VP PHILANTHROPY/CSO 0.20
Key Emp
$0 $49,191 $288,833
GILCHRIST KEVIN DARRELL VP DEVELOPMENT FINANCE 0.20
Key Emp
$0 $48,817 $277,179
RIVERA MICHAEL REG'L MANAGER HEALTH CARE 0.20
Key Emp
$0 $4,520 $228,351
KENNEDY TERESA NURSE TRAINER EXEMPT 0.20
Key Emp
$0 $3,734 $214,382
CLOW JOHN C VP RISK MANAGEMENT 0.20
Key Emp
$0 $18,816 $227,978
CHUNG DEAN CONTROLLER 0.20
Key Emp
$0 $19,731 $216,931
MICKELSON LAVONNE R DIR OF AFFORD HOUSING OPS 0.20
Key Emp
$0 $4,763 $189,381
STECKBECK KENT BUDGET & ANALYTICS DIR 0.20
Key Emp
$0 $5,331 $183,013
ROBINSON TINA M VP HOUSING ACCOUNTING 0.20
Key Emp
$0 $16,482 $193,805
PHELPS LORI ANN INFO SYSTEMS DIRECTOR 0.20
Key Emp
$0 $5,192 $178,269
SILVA JOANNE L VP OCCUPANCY & TAX CREDIT 0.20
Key Emp
$0 $23,842 $190,698
KING DIANE D COMPL AND PRIVACY OFFICER 0.20
Key Emp
$0 $19,443 $187,985
FOX BUCHAN LAURA L DIRECTOR OF CORP RECORDS 0.20
Officer Director
$0 $18,784 $172,534
YOUNG SEESEE INTERNAL AUDIT DIRECTOR 0.20
Key Emp
$0 $6,199 $157,851
RAGON CHRISTY ANN VP OF COMMUNICATIONS 0.20
Highest
$0 $18,804 $172,776
RICANO PEGGY ACCT MANAGER EXEMPT 0.20
Highest
$0 $18,185 $165,199
INGRAO SALVATORE A DEVEL ACCOUNTING DIR 0.20
Highest
$0 $17,693 $161,075
BUNKHONG DONNA ACCOUNTING LEAD SR. 0.20
Highest
$0 $16,437 $153,960
DO THANH-THANH ACCT MANAGER EXEMPT 0.20
Highest
$0 $16,749 $153,900
ZAMUDIO NOEMI PRESIDENT 0.20
Officer Director
$0 $0 $0
WRIGHT JOSEPH VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
HOPKINS ANTHONY RECORDING SECRETARY AND TREASURER 0.20
Officer Director
$0 $0 $0
FLORES JEFF DIRECTOR 0.20
Director
$0 $0 $0
NUNEZ PEDRO DIRECTOR 0.20
Director
$0 $0 $0
ALAPISCO VIVIANA DIRECTOR 0.20
Director
$0 $0 $0
MEJIA BARBARA DIRECTOR 0.20
Director
$0 $0 $0
DOWLING ROMAN DIRECTOR 0.20
Director
$0 $0 $0
BUNN ANDREW TREASURER 0.20
Officer Director
$0 $0 $0
DESAEGHER NORMA N VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
EAST RAYMOND E DIRECTOR 0.20
Director
$0 $0 $0
BAUMAN JOHN DIRECTOR 0.20
Director
$0 $0 $0
MOYER DAVID S DIRECTOR 0.20
Director
$0 $0 $0
HART DONALD G DIRECTOR 0.20
Director
$0 $0 $0
POLLOCK JEFFREY R DIRECTOR 0.20
Director
$0 $0 $0
WILSON CHERYL DIRECTOR 0.20
Director
$0 $0 $0
SEE SCHEDULE JO SALARY DISCLOSURE - PGS 34 & 38 0.00
Officer
$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 No data No data No data No data
2024 $639,113 $592,602 $3,498,065 $46,511
2023 $597,936 $576,544 $3,560,616 $21,392
2022 $535,791 $509,435 $3,645,115 $26,356
2021 $571,292 $476,855 $3,599,834 $94,437
2020 $575,720 $477,203 $1,345,750 $98,517
2019 $558,464 $485,322 $1,314,148 $73,142
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