UPWARD BOUND HOUSE

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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

1991

Legal Domicile

Principal Officer

CHRISTINE MIRASY-GLASCO

Phone

3104587779

Tax Period

2023-01-01 to 2023-12-31

UPWARD BOUND HOUSE, founded in 1991, is a community nonprofit in the Unknown sector that reported $9.0M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $8.5M left a modest 6% surplus.

Mission

OUR MISSION IS TO ELIMINATE HOMELESSNESS AMONG FAMILIES WITH CHILDREN IN OUR COMMUNITY BY PROVIDING HOUSING, SUPPORTIVE SERVICES, AND ADVOCACY. OUR CENTRAL GOAL IS TO EMPOWER EVERY HOMELESS FAMILY, REGARDLESS OF THEIR BACKGROUND AND BARRIERS, TO ACHIEVE SELF-SUFFICIENCY AND LEAD PRODUCTIVE, FULFILLING LIVES. WE SEEK TO ACCOMPLISH THIS GOAL THROUGH A COMPREHENSIVE RANGE OF SERVICES TAILORED TO INDIVIDUAL NEEDS, WITH A FOCUS ON PROMOTING THE OBJECTIVES OF FAMILY STRENGTHENING, EDUCATIONAL ACHIEVEMENT, GAINFUL EMPLOYMENT, AND PERMANENT HOUSING.

Program Service Accomplishments

Program 1

Expenses: $3,139,806 Revenue: $69,484

INTERIM HOUSING - IN 2023, THE ORGANIZATION SERVED 450 FAMILIES (501 ADULTS AND 819 CHILDREN). OF THE 330 FAMILIES WHO EXITED THE ORGANIZATION'S PROGRAMS, 65% MOVED TO PERMANENT HOUSING AND 42%...

INTERIM HOUSING - IN 2023, THE ORGANIZATION SERVED 450 FAMILIES (501 ADULTS AND 819 CHILDREN). OF THE 330 FAMILIES WHO EXITED THE ORGANIZATION'S PROGRAMS, 65% MOVED TO PERMANENT HOUSING AND 42% INCREASED THEIR INCOME THROUGH EMPLOYMENT. WESTSIDE HOUSING STABILITY PROGRAM - THE PROGRAM CONSISTS OF FAMILY PLACE (SANTA MONICA), A TRANSITIONAL HOUSING FACILITY (21 ONE-BEDROOM APARTMENTS) OFFERING PSYCHOSOCIAL AND MENTAL HEALTH SERVICES TO HOMELESS FAMILIES FOR UP TO 9 MONTHS, AND FAMILY SHELTER (CULVER CITY), AN EMERGENCY SHELTER (18-STUDIO UNITS) OFFERING COMPREHENSIVE SERVICES TO FAMILIES FOR UP TO 4 OR 5 MONTHS.

Program 2

Expenses: $4,697,659

PERMANENT HOUSING - SOUTH LOS ANGELES HOUSING STABILITY PROGRAM - THE PROGRAM CONSISTS OF EMERGENCY SHELTER (4 FACILITIES IN SOUTH LA) AND RAPID REHOUSING (RRH) SERVICES FOR HOMELESS FAMILIES. THE...

PERMANENT HOUSING - SOUTH LOS ANGELES HOUSING STABILITY PROGRAM - THE PROGRAM CONSISTS OF EMERGENCY SHELTER (4 FACILITIES IN SOUTH LA) AND RAPID REHOUSING (RRH) SERVICES FOR HOMELESS FAMILIES. THE ORGANIZATION OPERATES ITS RRH SERVICES FROM OFFICES LOCATED WITHIN THE COMPTON UNIFIED SCHOOL DISTRICT AND THE FIRST UNITED METHODIST CHURCH OF COMPTON. THE 4 EMERGENCY SHELTERS OFFER 24-HOUR CRISIS HOUSING, AND WRAPAROUND SERVICES, FOR UP TO 4 TO 5 MONTHS PER FAMILY. RRH MOVES HOMELESS FAMILIES FROM SHELTERS INTO PERMANENT HOUSING AS QUICKLY AS POSSIBLE BY PROVIDING PROACTIVE LANDLORD OUTREACH AND HOUSING SEARCH ASSISTANCE, COUPLED WITH INDIVIDUALIZED FINANCIAL ASSISTANCE (E.G. SECURITY DEPOSITS, SHORT-TERM RENT SUBSIDIES). ONCE IN HOUSING, FAMILIES PARTICPATE IN TIME-LIMITED, INTENSIVE, IN-HOME SERVICES DESIGNED TO ADDRESS PARENT, CHILD AND FAMILY BARRIERS TO HOUSING AND SCHOOL STABILITY, ECONOMIC SECURITY AND OVERALL WELL-BEING. THE ORGANIZATION CLOSELY COLLABORATES WITH THE SPA 6 FAMILY SOLUTIONS CENTER OPERATED BY SSG/HOPICS TO ACCEPT REFERRALS AND COORDINATE SERVICES.

Program 3

Expenses: $33,921

HEALTH & WELLNESS - WELLNESS AND FARM PROGRAM - THE FARM PROGRAM, LOCATED IN SANTA MONICA, PROVIDES AND ENVIRONMENT FOR PARENTS AND CHILDREN TO LEARN HOW TO GROW AND PREPARE THEIR OWN FOOD THROUGH...

HEALTH & WELLNESS - WELLNESS AND FARM PROGRAM - THE FARM PROGRAM, LOCATED IN SANTA MONICA, PROVIDES AND ENVIRONMENT FOR PARENTS AND CHILDREN TO LEARN HOW TO GROW AND PREPARE THEIR OWN FOOD THROUGH FUN, INTERACTIVE WORKSHOPS AND HANDS-ON INSTRUCTION, WITH THE GOAL OF INCREASING FOOD SECURITY AND PROMOTING HEALTHY EATING HABITS. HEALTHY LIVING PROGRAM - THE PROGRAM USES AN URBAN FARM (OWNED BY THE ORGANIZATION) AS A THERAPEUTIC OUTLET TO TEACH LIFE SKILLS, PROVIDE JOB TRAINING, AND BUILD CLIENT CONFIDENCE AND SELF-ESTEEM. PARENT AND THEIR CHILD(REN), DEPENDING ON AGE, PARTICIPATE IN THE SELECTION, PLANTING, CARE AND CULTIVATION OF CROPS AS WELL AS CLASSES IN NUTRITION, COOKING AND HEALTHY LIVING.

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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 $8,763,470

Program Service Revenue $69,483

Investment Income $189,369

Other Revenue $1

TOTAL REVENUE $9,022,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,371,500

Fundraising Expenses $431,796

Program Expenses $7,871,386

Other Expenses $5,154,180

TOTAL EXPENSES $8,525,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,022,323	$7,035,116	+0.3%
Expenses	$8,525,680	$6,600,027	+0.3%
Net Income	$496,643	$435,089	+0.1%

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

Volunteers

250

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

$239,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE MIRASY-GLASCO	CEO & PRESIDENT	40.00	Officer	$228,431	$10,767	$239,198
TARA BROWN	DIRECTOR OF ADMINISTRATION	40.00	Highest	$118,238	$9,576	$127,814
CINDY MAROUN	PRESIDENT	5.00	Officer Director	$0	$0	$0
GLENDA MARTINEZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
TRACY EDWARDS	TREASURER	5.00	Officer Director	$0	$0	$0
RYAN LEGGIO	SECRETARY	5.00	Officer Director	$0	$0	$0
ALBERT P VERA	DIRECTOR	1.00	Director	$0	$0	$0
BOOKER PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
CINDY MCQUADE	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE TIERNEY	DIRECTOR	1.00	Director	$0	$0	$0
JANE SPIEGEL MD	DIRECTOR	1.00	Director	$0	$0	$0
KIM DEFENDERFER	DIRECTOR	1.00	Director	$0	$0	$0
KITTY WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
REVEREND PATRICIA FARRIS	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL WHITTENBURG	DIRECTOR	1.00	Director	$0	$0	$0
TOM WILSON	DIRECTOR	1.00	Director	$0	$0	$0
YSETTE WITTEVEEN	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$9,022,323	$8,525,680	$13,380,928	$496,643
2022	$7,035,116	$6,600,027	$12,850,498	$435,089
2021	$6,835,152	$6,080,285	$12,367,890	$754,867
2020	$7,908,284	$5,778,850	$11,926,206	$2,129,434
2019	$7,228,286	$5,213,585	$10,729,329	$2,014,701
2018	$4,431,764	$4,376,373	$9,133,095	$55,391