ROSEMEAD HOUSING DEVELOPMENT CORPO… - 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

1992

Legal Domicile

Principal Officer

STEVEN LY

Phone

6265692120

Tax Period

2024-07-01 to 2025-06-30

ROSEMEAD HOUSING DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE CORPORATION PROVIDES ASSISTANCE TO THE CITY OF ROSEMEAD AND TO THE ROSEMEAD CITY COUNCIL TO ACCOUNT FOR THE CONSTRUCTION, FINANCING AND OPERATIONS OF LOW TO MODERATE INCOME HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,250,988 Revenue: $512,354

THE CORPORATION CURRENTLY MAINTAINS THE ANGELUS AND GARVEY SENIOR HOUSING FACILITIES

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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 $761,871

Program Service Revenue $487,378

Investment Income $17,809

Other Revenue $7,167

TOTAL REVENUE $1,274,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,250,988

Other Expenses $1,550,730

TOTAL EXPENSES $1,550,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,274,225	$1,050,869	+0.2%
Expenses	$1,550,730	$1,266,886	+0.2%
Net Income	$-276,505	$-216,017	+0.3%

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

N/A

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

$1,169,039

Total Directors

$275,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
POLLY LOW	DIRECTOR	1.00	Director	$0	$52,174	$62,640
SANDRA ARMENTA-LOPEZ	DIRECTOR	1.00	Director	$0	$8,032	$45,019
MARGARET CLARK	DIRECTOR	1.00	Director	$0	$49,048	$63,264
SEAN DANG	DIRECTOR	1.00	Director	$0	$7,283	$44,723
STEVEN LY	DIRECTOR	1.00	Director	$0	$23,024	$60,204
BENJAMIN KIM	EXECUTIVE DIRECTOR	10.00	Officer	$0	$74,839	$363,623
ERICKA HERNANDEZ	SECRETARY	10.00	Officer	$0	$107,289	$264,969
BRYAN CHUA	FINANCE DIRECTOR	10.00	Officer	$0	$131,404	$327,820
RICHARD ROJAS	ASSISTANT EXECUTIVE DIRECT	10.00	Officer	$0	$64,304	$212,627

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	$1,274,225	$1,550,730	$11,385,929	$-276,505
2024	$1,050,869	$1,266,886	$11,662,915	$-216,017
2023	$1,017,999	$1,218,418	$12,143,521	$-200,419
2022	$917,404	$1,126,958	$12,440,516	$-209,554
2021	$929,289	$1,089,630	$6,909,518	$-160,341
2020	$920,603	$1,129,487	$7,084,641	$-208,884
2019	$887,930	$1,056,369	$7,271,210	$-168,439
2018	$894,448	$1,057,843	$7,433,939	$-163,395

ROSEMEAD HOUSING DEVELOPMENT CORPORATION