MILLENNIUM HOUSING OF CALIFORNIA I… - Form 990 Financial Data

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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

GEORGE R TURK JR

Phone

9495155100

Tax Period

2024-07-01 to 2025-06-30

MILLENNIUM HOUSING OF CALIFORNIA INC, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.3M in total revenue in fiscal year 2024. Expenses of $15.2M left a modest 12% surplus.

Mission

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO THE LOW AND MODERATE INCOME INDIVIDUALS, REDUCING THE BURDENS OF LOCAL GOVERNMENT, COMBATING COMMUNITY BLIGHT AND PROMOTING SOCIAL WELFARE.

Program Service Accomplishments

Program 1

Expenses: $14,810,389 Revenue: $16,360,781

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING THROUGH THE ACQUISITION AND REHABILITATION OF MOBILEHOME COMMUNITIES. THE ORGANIZATION'S GOALS ARE TO ENCOURAGE AND EMPOWER ITS RESIDENTS TO TAKE AN...

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING THROUGH THE ACQUISITION AND REHABILITATION OF MOBILEHOME COMMUNITIES. THE ORGANIZATION'S GOALS ARE TO ENCOURAGE AND EMPOWER ITS RESIDENTS TO TAKE AN ACTIVE ROLE IN BUDGET AND MANAGEMENT DECISIONS; PROVIDE ENHANCED MAINTENANCE AND SERVICES; AND TO ENSURE THAT ITS COMMUNITIES REMAIN VALUABLE SOURCES OF QUALITY AFFORDABLE HOUSING.

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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 $0

Program Service Revenue $16,360,781

Investment Income $914,625

Other Revenue $0

TOTAL REVENUE $17,275,406

Expense Breakdown

Grants Paid $985,054

Salaries & Benefits $1,573,855

Fundraising Expenses $0

Program Expenses $14,810,389

Other Expenses $12,656,445

TOTAL EXPENSES $15,215,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,275,406	$16,710,554	+0.0%
Expenses	$15,215,354	$14,352,551	+0.1%
Net Income	$2,060,052	$2,358,003	-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

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

$1,628,875

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON M KMETT	DIRECTOR/CHAIRMAN	0.30	Officer Director	$0	$0	$0
KATHY WEAVER	DIRECTOR	0.30	Director	$0	$0	$0
NICK SANCHEZ	DIRECTOR	0.30	Director	$0	$0	$0
BOB BAGBY	DIRECTOR	0.30	Director	$0	$0	$0
GEORGE R TURK JR	PRESIDENT	10.00	Officer	$263,649	$93,575	$1,166,316
LORI M CARRAWAY	VICE PRESIDENT/ COO	10.00	Officer	$103,134	$50,023	$462,559

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	$17,275,406	$15,215,354	$117,863,643	$2,060,052
2024	No data	No data	No data	No data
2023	$16,448,669	$14,315,313	$117,529,700	$2,133,356
2022	$14,833,102	$13,560,633	$117,315,264	$1,272,469
2021	$14,531,288	$12,957,752	$117,550,725	$1,573,536
2020	$14,247,280	$12,716,299	$117,844,421	$1,530,981
2019	$13,967,253	$13,655,207	$117,639,548	$312,046
2018	$13,484,326	$13,217,845	$119,187,476	$266,481

MILLENNIUM HOUSING OF CALIFORNIA INC