LA Family Housing Corp (EIN 953920560) - 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

1983

Legal Domicile

Principal Officer

LLOYD WRIGHT

Phone

8182552702

Tax Period

2023-01-01 to 2023-12-31

LA Family Housing Corp, founded in 1983, is a mid-sized nonprofit that reported $71.5M in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $90.8M exceeded revenue, resulting in a 27% operating deficit.

Mission

LOW-INCOME HOUSING THE MISSION OF L.A. FAMILY HOUSING IS TO HELP PEOPLE TRANSITION OUT OF HOMELESSNESS AND POVERTY THROUGH A CONTINUUM OF HOUSING ENRICHED WITH

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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 (2023)

Revenue Breakdown

Contributions & Grants $74,661,891

Program Service Revenue $8,437,369

Investment Income $881,841

Other Revenue $-12,458,301

TOTAL REVENUE $71,522,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,604,271

Fundraising Expenses $3,326,074

Program Expenses $67,616,253

Other Expenses $51,175,239

TOTAL EXPENSES $90,779,510

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,522,800	$108,467,691	-0.3%
Expenses	$90,779,510	$83,478,142	+0.1%
Net Income	$-19,256,710	$24,989,549	-1.8%

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

690

Volunteers

998

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

$790,567

Total Directors

$329,417

Key Employees

$1,444,699

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IMA NSIEN	DIRECTOR	0.50	Director	$0	$0	$0
BRIE DORFMAN	DIRECTOR	0.50	Director	$0	$0	$0
ROSS E WINN ESQ	DIRECTOR	0.50	Director	$0	$0	$0
GILLIAN WRIGHT	DIRECTOR	0.50	Director	$0	$0	$0
STEVE M BROWN	DIRECTOR	0.50	Director	$0	$0	$0
ZEEDA DANIELE	DIRECTOR	0.50	Director	$0	$0	$0
BLAIR RICH	DIRECTOR	0.50	Director	$0	$0	$0
JILL KOENIG	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE MISSAGHIEH	DIRECTOR	0.50	Director	$0	$0	$0
DEBORAH KAZENELSON DEANE	DIRECTOR	0.50	Director	$0	$0	$0
JACOB LIPA	DIRECTOR	0.50	Director	$0	$0	$0
KAREN BRODKIN	DIRECTOR	0.50	Director	$0	$0	$0
FRANCES BERMAN	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN SOLOWAY	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL ZIERING	DIRECTOR	0.50	Director	$0	$0	$0
JONATHAN RUIZ	DIRECTOR	0.50	Director	$0	$0	$0
MICHELE BRESLAUER	DIRECTOR	0.50	Director	$0	$0	$0
GARY MEISEL	DIRECTOR	0.50	Director	$0	$0	$0
GARRETT GIN	DIRECTOR	0.50	Director	$0	$0	$0
WAYNE BRANDER	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE BURKART	VICE CHAIR	0.50	Officer Director	$0	$0	$0
GREG SHERKIN	CHAIR	0.50	Officer Director	$0	$0	$0
DANIEL HOWARD	TREASURER & SECRETARY	0.50	Officer Director	$0	$0	$0
STEPHANIE KLASKY-GAMER	PRES & CEO	40.00	Officer Director	$329,417	$0	$329,417
CARL GAYDEN	CFO	40.00	Officer	$230,858	$0	$230,858
TOI CHISOM	CHIEF ADMIN OFFICER	40.00	Officer	$230,292	$0	$230,292
ELDA MENDEZ	VP RE DEVELOP	40.00	Key Emp	$208,934	$0	$208,934
KIMBERLY ROBERTS	DEPUTY CHIEF, PROGRAMS	40.00	Key Emp	$212,977	$0	$212,977
JOHN K HORN	VICE PRESIDENT, HR	40.00	Key Emp	$139,652	$0	$139,652
KELSEY MADIGAN	DIR INTERIM HOUSING	40.00	Key Emp	$150,424	$0	$150,424
ELISA NETHERCOTT	GENERAL COUNSEL	40.00	Key Emp	$214,334	$0	$214,334
DANNY FAJARDO	CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$204,454	$0	$204,454
MARTHA MACIAS	DIR OF STRATEGIC INITIATIVES	40.00	Key Emp	$161,696	$0	$161,696
GUSTAVO ALMAROSA	AST VP REAL ESTATE DEVELOPMENT	40.00	Key Emp	$152,228	$0	$152,228
HILLARY MANDEL	DEPUTY CHIEF HOUSING PROGRAMS OFFICER	40.00	Highest	$136,920	$0	$136,920
TIMIKA HITE	SR DIR INFORMATION TECH	40.00	Highest	$144,630	$0	$144,630
KERESTIAN ESTEDABADI	DIR OF ADMINISTRATION	40.00	Highest	$143,595	$0	$143,595

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
2024	No data	No data	No data	No data
2023	$71,522,800	$90,779,510	$164,667,290	$-19,256,710
2023	$70,709,435	$89,966,145	$164,667,290	$-19,256,710
2022	$106,519,501	$83,478,142	$180,345,032	$23,041,359
2022	$106,519,501	$83,478,142	$180,345,032	$23,041,359
2022	$108,467,691	$83,478,142	$182,293,222	$24,989,549
2021	$79,035,920	$69,952,919	$161,041,001	$9,083,001
2020	$60,907,306	$59,617,591	$143,409,813	$1,289,715
2019	$48,035,788	$49,956,328	$81,761,502	$-1,920,540
2018	$48,610,243	$39,734,564	$80,270,149	$8,875,679

LA Family Housing Corp