TELACU HOUSING-MONTEREY HILLS INC

EIN: 954437762 501(c)(3)

LOS ANGELES, CA

Total Revenue
$957,800
Total Expenses
$1,222,386
Total Assets
$3,359,924
Net Assets
$-8,024,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CA
Principal Officer
MICHAEL LIZARRAGA
Phone
3237211655
Tax Period
2023-01-01 to 2023-12-31

TELACU HOUSING-MONTEREY HILLS INC, founded in 1992, is a small nonprofit that reported $958K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

TELACU HOUSING - MONTEREY HILLS, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 100 UNIT COMMUNITY KNOWN AS TELACU VISTAS DEL SOL LOCATED IN THE CITY OF LOS ANGELES, CALIFORNIA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE PAYMENTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $581,126
Program Service Revenue $370,454
Investment Income $505
Other Revenue $5,715
TOTAL REVENUE $957,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,071,914
Other Expenses $1,222,386
TOTAL EXPENSES $1,222,386

Year-over-Year Comparison

2023 2022 Change
Revenue $957,800 $918,989 +0.0%
Expenses $1,222,386 $1,329,403 -0.1%
Net Income $-264,586 $-410,414 -0.4%
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

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Governance

Voting Members
6
Independent Members
1
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
3
$3,434,020
Total Directors
6
$3,495,660
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL D LIZARRAGA PRESIDENT 0.10
Officer Director
$0 $36,963 $2,130,153
TOM PROVENCIO VICE PRESIDENT & TREASURER 0.10
Officer Director
$0 $16,626 $276,355
PAUL SAMUEL SECRETARY 0.10
Officer Director
$0 $35,139 $1,027,512
JOSE ELIZONDO DIRECTOR 0.10
Director
$0 $0 $25,640
ALEX SOTOMAYOR DIRECTOR 0.10
Director
$0 $0 $0
JAMES HODGES DIRECTOR 0.10
Director
$0 $0 $36,000
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 No data No data No data No data
2023 $957,800 $1,222,386 $3,359,924 $-264,586
2022 $918,989 $1,329,403 $3,662,241 $-410,414
2021 $920,886 $1,249,845 $3,983,760 $-328,959
2020 $896,638 $1,170,651 $4,172,187 $-274,013
2019 $879,103 $1,186,170 $4,431,259 $-307,067
2018 $825,888 $1,100,334 $4,654,619 $-274,446
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