1010 DEVELOPMENT CORPORATION

EIN: 954345495 501(c)(3) Unknown

LOS ANGELES, CA

Total Revenue
$107,993
Total Expenses
$422,963
Total Assets
$9,254,294
Net Assets
$670,425
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
CA
Principal Officer
ROBERT M BUENTE
Phone
2137490214
Tax Period
2024-01-01 to 2024-12-31

1010 DEVELOPMENT CORPORATION, founded in 1991, is a small nonprofit in the Unknown sector that reported $108K in total revenue in fiscal year 2024. Revenue surged 326% from the prior year, signaling strong growth momentum. Expenses of $423K exceeded revenue, resulting in a 292% operating deficit.

Mission

TO PRESERVE, CONSTRUCT AND MANAGE QUALITY SERVICE-ENRICHED AFFORDABLE HOUSING, AS WELL AS ENGAGE IN OVERALL COMMUNITY AND ECONOMIC DEVELOPMENT OPPORTUNITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,183
Program Service Revenue $192,482
Investment Income $0
Other Revenue $-85,672
TOTAL REVENUE $107,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $275,279
Fundraising Expenses $0
Program Expenses $381,394
Other Expenses $147,684
TOTAL EXPENSES $422,963

Year-over-Year Comparison

2024 2023 Change
Revenue $107,993 $25,372 +3.3%
Expenses $422,963 $531,314 -0.2%
Net Income $-314,970 $-505,942 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
4
Employees
1
Volunteers
N/A

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
4
$150,000
Total Directors
4
$0
Key Employees
1
$150,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT GOULET BOARD CHAIR 1.00
Officer Director
$0 $0 $0
CARRIE GILLIS TREASURER & CFO 1.00
Officer Director
$0 $0 $0
JENNIFER GUTIERREZ CORPORATE SECRETARY 1.00
Officer Director
$0 $0 $0
VIVIAN VILLAVERDE BOARD MEMBER 1.00
Director
$0 $0 $0
BOB BUENTE PRESIDENT & CEO 35.00
Officer Key Emp Highest
$150,000 $0 $150,000
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 $107,993 $422,963 $9,254,294 $-314,970
2023 $25,372 $531,314 $9,553,367 $-505,942
2022 $2,131,787 $873,594 $9,985,543 $1,258,193
2021 $756,510 $427,982 $5,064,327 $328,528
2020 $337,360 $306,179 $4,703,276 $31,181
2019 $366,963 $390,506 $4,443,169 $-23,543
2018 $381,421 $360,789 $4,466,204 $20,632
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare 1010 DEVELOPMENT CORPORATION with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.