DECRO KAPPA CORPORATION

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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

1995

Legal Domicile

Principal Officer

TED HANDEL

Phone

4246034586

Tax Period

2021-01-01 to 2021-12-31

DECRO KAPPA CORPORATION, founded in 1995, is a micro nonprofit that reported $1.1M in total revenue in fiscal year 2021. Revenue fell 981% from the prior year — a significant decline worth monitoring.

Mission

THE CORPORATION IS TO PROVIDE AFFORDABLE, SAFE AND WELL-MAINTAINED HOUSING AND SERVICES FOR LOW-INCOME FAMILIES AND SENIORS.

Program Service Accomplishments

Program 1

Expenses: $810 Revenue: $-1,059,963

THE ORGANIZATION OWNED A LIMITED PARTNERSHIP INTEREST IN DECRO NORDHOFF, L.P. DECRO NORDHOFF, L.P. IS A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS A 38-UNIT AFFORDABLE HOUSING PROJECT FOR LOW AND...

THE ORGANIZATION OWNED A LIMITED PARTNERSHIP INTEREST IN DECRO NORDHOFF, L.P. DECRO NORDHOFF, L.P. IS A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS A 38-UNIT AFFORDABLE HOUSING PROJECT FOR LOW AND VERY LOW INCOME FAMILIES KNOWN AS CASA DE FAMILIAR DE NORDHOFF LOCATED IN NORTH HILLS, CALIFORNIA. AS OF DECEMBER 31, 2021, THE ORGANIZATION NO LONGER OWNS A PARTNERSHIP INTEREST IN DECRO NORDHOFF, L.P.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $-20,826

Investment Income $-1,039,137

Other Revenue $0

TOTAL REVENUE $-1,059,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $810

Other Expenses $810

TOTAL EXPENSES $810

Year-over-Year Comparison

	2021	2020	Change
Revenue	$-1,059,963	$120,300	-9.8%
Expenses	$810	$20,660	-1.0%
Net Income	$-1,060,773	$99,640	-11.6%

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

$241,990

Total Directors

Key Employees

$203,875

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIL RICHMAN	CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTIAN VON MERKATZ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALEXANDER J NWEEIA	TREASURER	1.00	Officer Director	$0	$0	$0
RANDY WIREBAUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL PIEROTH	DIRECTOR	1.00	Director	$0	$0	$0
J WARREN AVERY	DIRECTOR	1.00	Director	$0	$0	$0
KYLA LEE	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA RIOS	DIRECTOR	1.00	Director	$0	$0	$0
TED HANDEL	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$6,300	$241,990
LAURA VANDEWEGHE	CHIEF INNOVATION OFFICER	0.20	Key Emp	$0	$0	$203,875
ERIN FOREMAN	SENIOR PROJECT MANAGER	0.20	Highest	$0	$0	$123,900
EMMANUEL CHOICE	ASSET MANAGER	0.20	Highest	$0	$0	$108,880

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
2021	$-1,059,963	$810	No data	$-1,060,773
2020	$120,300	$20,660	$1,060,535	$99,640
2019	$44,305	$5,860	$961,170	$38,445
2018	$5,359	$31,709	$922,775	$-26,350