SRHT PROPERTY MANAGEMENT COMPANY

EIN: 954511231 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$2,771,246
Total Expenses
$382,166
Total Assets
$4,827,300
Net Assets
$4,092,783
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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
1994
Legal Domicile
CA
Phone
3104244086
Tax Period
2024-01-01 to 2024-12-31

SRHT PROPERTY MANAGEMENT COMPANY, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.4M, a strong 86% operating margin.

Mission

SRHT PROPERTY MANAGEMENT COMPANY PRESERVES AND OPERATES SUPPORTIVE HOUSING. THE COMPANY SERVES THE POOREST AND MOST VULNERABLE PEOPLE IN LOS ANGELES, INCLUDING THE HOMELESS AND THOSE WHO MAY BECOME HOMELESS. THE ORGANIZATION CLOSED ALL OPERATIONS IN MAY - JUNE 2023 AND HAVE SINCE BEEN WORKING TO CLOSE THE ORGANIZATION. THE COMPANY FILED A PETITION FOR BANKRUPTCY ON OCTOBER 29, 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,771,246
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,771,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $190,727
Other Expenses $382,166
TOTAL EXPENSES $382,166

Year-over-Year Comparison

2024 2023 Change
Revenue $2,771,246 $4,330,269 -0.4%
Expenses $382,166 $2,762,763 -0.9%
Net Income $2,389,080 $1,567,506 +0.5%
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
5
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
2
$396,971
Total Directors
6
$100,931
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOANNE C RUSSO CORDERO COS INTERIM CEO 0.00
Officer
$0 $0 $296,040
MICHAEL ALVIDREZ SECRETARY 0.02
Officer Director
$0 $0 $100,931
Diane Ballen Director 0.02
Director
$0 $0 $0
EMIL KHODORSKOVSKY Chairman 0.02
Director
$0 $0 $0
DANIEL DART Director 0.02
Director
$0 $0 $0
James Sumlar Director 0.02
Director
$0 $0 $0
Patrick Spillane Director 0.02
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 $2,771,246 $382,166 $4,827,300 $2,389,080
2023 $4,330,269 $2,762,763 $9,703,191 $1,567,506
2022 $6,443,135 $5,665,986 $8,270,523 $777,149
2022 $6,443,135 $5,665,986 $8,270,523 $777,149
2021 $5,918,093 $6,010,211 $5,871,635 $-92,118
2020 $5,212,505 $5,272,959 $3,818,849 $-60,454
2019 $4,199,534 $4,336,856 $2,836,098 $-137,322
2018 $4,133,861 $4,816,009 $3,006,327 $-682,148
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