VENICE COMMUNITY HOUSING CORPORATION

EIN: 954200761 501(c)(3) Housing & Shelter

VENICE, CA

Total Revenue
$16,512,379
Total Expenses
$12,865,281
Total Assets
$125,570,135
Net Assets
$14,389,449
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CA
Principal Officer
BECKY DENNISON
Phone
3103994100
Tax Period
2023-01-01 to 2023-12-31

VENICE COMMUNITY HOUSING CORPORATION, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 22% operating margin.

Mission

LOW-INCOME HOUSING DEVELOPMENT AND MANAGEMENT. SOCIAL SERVICES, JOB TRAINING AND EDUCATION FOR AT RISK YOUTH AND LOW INCOME CONSTITUENTS.

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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 $14,207,733
Program Service Revenue $1,872,586
Investment Income $63,054
Other Revenue $369,006
TOTAL REVENUE $16,512,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,955,586
Fundraising Expenses $542,708
Program Expenses $11,614,789
Other Expenses $8,909,695
TOTAL EXPENSES $12,865,281

Year-over-Year Comparison

2023 2022 Change
Revenue $16,512,379 $8,403,496 +1.0%
Expenses $12,865,281 $8,430,196 +0.5%
Net Income $3,647,098 $-26,700 -137.6%
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

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Governance

Voting Members
16
Independent Members
16
Employees
74
Volunteers
50

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
5
$111,579
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SOPHIA GUEL-VALENZUELA DIRECTOR 0.27
Director
$0 $0 $0
SYLVIA AROTH TREASURER 0.50
Officer Director
$0 $0 $0
MICHELLE GROISMAN CO-CHAIRPERSON 0.50
Officer Director
$0 $0 $0
THERESA HWANG DIRECTOR 0.27
Director
$0 $0 $0
DANIEL JOHNSON DIRECTOR 0.27
Director
$0 $0 $0
MARIE KENNEDY DIRECTOR 0.27
Director
$0 $0 $0
JEFFREY LEVINE DIRECTOR 0.27
Director
$0 $0 $0
BARBARA MILLIKEN DIRECTOR 0.27
Director
$0 $0 $0
MIKE SUHD DIRECTOR 0.27
Director
$0 $0 $0
CATHERINE SWEETSER DIRECTOR 0.27
Director
$0 $0 $0
MARTHA CHERESH DIRECTOR 0.27
Director
$0 $0 $0
STEVE DIAZ SECRETARY 0.50
Officer Director
$0 $0 $0
JONAH KATENDE DIRECTOR 0.27
Director
$0 $0 $0
MIKE LINDLEY DIRECTOR 0.27
Director
$0 $0 $0
FRANCES SEGURA DIRECTOR 0.27
Director
$0 $0 $0
MICHEL DORY CO-CHAIRPERSON 0.27
Officer Director
$0 $0 $0
MOTIQUE ALSTON DIRECTOR 0.27
Director
$0 $0 $0
ANNA BAUTISTA DIRECTOR 0.27
Director
$0 $0 $0
LANEE BURNS DIRECTOR 0.27
Director
$0 $0 $0
MIKE DENNIS DIRECTOR 0.27
Director
$0 $0 $0
SHYANN MURPHY DIRECTOR 0.27
Director
$0 $0 $0
JOMO RADCLIFF DIRECTOR 0.27
Director
$0 $0 $0
YASMIN TONG DIRECTOR 0.27
Director
$0 $0 $0
BECKY DENNISON EXECUITVE DIRECTOR 40.00
Officer
$106,054 $5,525 $111,579
ALLISON RILEY SR DIR HSG DEVL 40.00
Highest
$139,128 $15,373 $154,501
ERIKA LEE DEPUTY DIRECTOR 40.00
Highest
$114,450 $6,500 $120,950
YANNIS OLIVER DIRECTOR OF FINANCE 40.00
Highest
$107,873 $5,200 $113,073
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 $16,512,379 $12,865,281 $125,570,135 $3,647,098
2022 $8,403,496 $8,430,196 $95,071,919 $-26,700
2021 $9,064,852 $5,138,982 $25,251,660 $3,925,870
2020 $5,906,367 $5,099,656 $20,177,781 $806,711
2019 $4,651,197 $4,798,763 $18,582,255 $-147,566
2018 $4,386,156 $3,784,590 $15,839,823 $601,566
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