LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION - 1 (EIN 954378181) - 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

1992

Legal Domicile

Principal Officer

EMILIO SALAS

Phone

6265861824

Tax Period

2023-01-01 to 2023-12-31

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION - 1, founded in 1992, is a micro nonprofit that reported $28 in total revenue in fiscal year 2023. Revenue surged 100% from the prior year, signaling strong growth momentum. Expenses of $125K exceeded revenue, resulting in a 447814% operating deficit.

Mission

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION 1 IS THE GENERAL PARTNER IN THE ALTADENA VISTAS LP. ALTADENA VISTAS APARTMENTS IS A 22 UNIT APARTMENT PROJECT FOR LOW INCOME FAMILIES LOCATED IN LOS ANGELES COUNTY, CA. THE UNITS ARE ELIGIBLE AND QUALIFY FOR LOW INCOME HOUSING TAX CREDITS IN ACCORDANCE WITH SECTION 42 OF THE INTERNAL REVENUE CODE AS ENACTED BY THE TAX REFORM ACT OF 1986.

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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 $0

Program Service Revenue $0

Investment Income $28

Other Revenue $0

TOTAL REVENUE $28

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,416

Other Expenses $125,416

TOTAL EXPENSES $125,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28	$14	+1.0%
Expenses	$125,416	$158,740	-0.2%
Net Income	$-125,388	$-158,726	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILIO SALAS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MANUEL SALAZAR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DANIEL WILES	SECRETARY	1.00	Officer 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	$28	$125,416	$154,567	$-125,388
2022	$14	$158,740	$155,650	$-158,726
2021	$8	$206,916	$159,810	$-206,908
2020	$36	$309,195	$161,800	$-309,159
2019	$84	$131,956	$163,750	$-131,872
2018	$67	$55,492	$163,749	$-55,425

LOS ANGELES COUNTY HOUSING DEVELOPMENT CORPORATION - 1