SKID ROW HOUSING TRUST (EIN 954205316) - 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

1989

Legal Domicile

Phone

9496898184

Tax Period

2024-01-01 to 2024-12-31

SKID ROW HOUSING TRUST, founded in 1989, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $61.2M in total revenue in fiscal year 2024. The organization ran a surplus of $21.7M, a strong 35% operating margin.

Mission

The Skid Row Housing Trust (the Trust) provides permanent supportive housing so that people who have, or at risk of, experiencing homelessness, prolonged extreme poverty, poor health, disabilities, mental illness and/or addiction can lead safe, stable lives in wellness.

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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 $3,904,221

Program Service Revenue $22,136,637

Investment Income $35,205,700

Other Revenue $0

TOTAL REVENUE $61,246,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $581,589

Fundraising Expenses $112,971

Program Expenses $37,938,692

Other Expenses $38,973,285

TOTAL EXPENSES $39,554,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,246,558	$-1,394,520	-44.9%
Expenses	$39,554,874	$36,674,292	+0.1%
Net Income	$21,691,684	$-38,068,812	-1.6%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$396,971

Total Directors

$100,931

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE C RUSSO CORDERO	COS, interi CEO	40.00	Officer	$296,040	$0	$296,040
BLANCA HERNANDEZ	ASSET MANAGER	0.00		$113,073	$0	$113,073
Michael Alvidrez	secretary	40.00	Officer Director	$100,931	$0	$100,931
SIMON HA	Chairman	0.31	Officer Director	$0	$0	$0
DIANA SKIDMORE	Director	0.31	Director	$0	$0	$0
MAX KOLOMEYER	Treasurer	0.31	Officer Director	$0	$0	$0
SIERRA ATILANO	Pres & Chief RE	40.00	Officer Director	$0	$0	$0
PATRICK SPILLANE	Director	0.31	Director	$0	$0	$0
PAUL GREGERSON MD	Director	0.31	Director	$0	$0	$0
Diane Ballen	Director	0.31	Director	$0	$0	$0
Katherine Perez	Director	0.31	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
2024	$61,246,558	$39,554,874	$4,855,643	$21,691,684
2023	$-1,394,520	$36,674,292	$142,299,337	$-38,068,812
2022	$17,493,125	$25,688,424	$204,213,739	$-8,195,299
2021	$18,739,094	$20,048,349	$203,059,004	$-1,309,255
2020	$23,394,489	$23,815,757	$201,521,747	$-421,268
2019	$20,933,705	$19,973,872	$140,703,379	$959,833
2018	$15,980,617	$17,728,352	$103,227,587	$-1,747,735

SKID ROW HOUSING TRUST