ADAMS SENIOR CITIZEN HOUSING CORPORATION

EIN: 954527341 501(c)(3) Housing & Shelter

LOS ANGELES, CA

Total Revenue
$764,735
Total Expenses
$1,037,815
Total Assets
$1,783,138
Net Assets
$1,697,203
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CA
Principal Officer
DOUGLAS J COPE
Phone
3104756083
Tax Period
2024-07-01 to 2025-06-30

ADAMS SENIOR CITIZEN HOUSING CORPORATION, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $765K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 36% operating deficit.

Mission

ADAMS SENIOR CITIZEN HOUSING CORPORATION, A CALIFORNIA NONPROFIT CORPORATION, WAS FORMED TO OWN A 75-UNIT RENTAL HOUSING PROJECT FOR THE VERY LOW INCOME ELDERLY LOCATED IN LOS ANGELES, CALIFORNIA. THE OPERATIONS OF THE PROJECT BEGAN FEBRUARY 1999. THE CORPORATION IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, WHICH GOVERNS THE OPERATION OF THE PROJECT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $408,208
Program Service Revenue $344,438
Investment Income $542
Other Revenue $11,547
TOTAL REVENUE $764,735

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $854,350
Other Expenses $1,037,815
TOTAL EXPENSES $1,037,815

Year-over-Year Comparison

2024 2023 Change
Revenue $764,735 $742,949 +0.0%
Expenses $1,037,815 $939,438 +0.1%
Net Income $-273,080 $-196,489 +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

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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
7
Independent Members
7
Employees
N/A
Volunteers
7

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
$342,137
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH WEISER CHAIR 0.10
Officer Director
$0 $0 $0
DAVID GOLDMAN TREASURER 0.10
Officer Director
$0 $0 $0
ELISA PASTER SECRETARY 0.10
Officer Director
$0 $0 $0
RICHARD ROMANOFF BOARD MEMBER 0.10
Director
$0 $0 $0
DOREEN KLEE BOARD MEMBER 0.10
Director
$0 $0 $0
JON PYNOOS BOARD MEMBER 0.10
Director
$0 $0 $0
JODI COHN BOARD MEMBER 0.10
Director
$0 $0 $0
DOUGLAS COPE PRESIDENT 2.00
Officer
$0 $7,646 $342,137
ANGEL JARAMILLO CONTROLLER 2.00
Highest
$0 $18,982 $215,182
JUSTIN DEIMEL FACILITIES DIRECTOR 2.00
Highest
$0 $23,369 $189,155
DAWN BEEBE DIRECTOR OF OPERATIONS 2.00
Highest
$0 $23,488 $182,774
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 $764,735 $1,037,815 $1,783,138 $-273,080
2024 $742,949 $939,438 $2,063,146 $-196,489
2023 $716,631 $937,288 $2,234,408 $-220,657
2022 $685,289 $914,053 $2,446,696 $-228,764
2021 $650,762 $882,136 $2,679,189 $-231,374
2020 $634,737 $851,966 $2,913,596 $-217,229
2019 $614,639 $780,432 $3,116,667 $-165,793
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