HERITAGE HOUSING PARTNERS

EIN: 954706651 501(c)(3) Housing & Shelter

PASADENA, CA

Total Revenue
$43,172,573
Total Expenses
$38,723,135
Total Assets
$43,203,659
Net Assets
$-5,791,668
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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
1998
Legal Domicile
CA
Principal Officer
CHARLES E LOVEMAN JR
Phone
6264034663
Tax Period
2023-01-01 to 2023-12-31

HERITAGE HOUSING PARTNERS, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $43.2M in total revenue in fiscal year 2023. Revenue surged 2311% from the prior year, signaling strong growth momentum. Expenses of $38.7M left a modest 10% surplus.

Mission

TO PROMOTE HISTORIC PRESERVATION AND NEIGHBORHOOD REVITALIZATION BY DEVELOPING, OWNING, AND OPERATING RENTAL OR FOR SALE LOW-INCOME HOUSING PROPERTY.

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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 $2,585,547
Program Service Revenue $40,431,492
Investment Income $40,839
Other Revenue $114,695
TOTAL REVENUE $43,172,573

Expense Breakdown

Grants Paid $0
Salaries & Benefits $695,616
Fundraising Expenses $0
Program Expenses $38,584,489
Other Expenses $38,027,519
TOTAL EXPENSES $38,723,135

Year-over-Year Comparison

2023 2022 Change
Revenue $43,172,573 $1,790,509 +23.1%
Expenses $38,723,135 $2,280,648 +16.0%
Net Income $4,449,438 $-490,139 -10.1%
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
11
Independent Members
11
Employees
8
Volunteers
11

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
6
$219,357
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RODRIGUEZ PRESIDENT 2.50
Officer Director
$0 $0 $0
RICHARD BRUCKNER 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JOHN MCAUSTIN 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KAREN DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
NANCY SPEARS SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT CARPENTER BOARD MEMBER 1.00
Director
$0 $0 $0
ANTONIO MANNING BOARD MEMBER 1.00
Director
$0 $0 $0
MERCEDES MARTIN BOARD MEMBER 1.00
Director
$0 $0 $0
BLAIR MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY WARE BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICK CRANDALL BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES LOVEMAN EXECUTIVE DIRECTOR 40.00
Officer
$215,157 $4,200 $219,357
MARIANNE WILLIAMS ACCOUNTANT 40.00
Highest
$102,051 $4,200 $106,251
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 $43,172,573 $38,723,135 $43,203,659 $4,449,438
2022 $1,790,509 $2,280,648 $63,829,840 $-490,139
2021 $3,328,873 $3,799,934 $46,963,988 $-471,061
2020 $11,960,042 $12,036,125 $35,195,641 $-76,083
2019 $1,301,324 $2,120,430 $29,479,179 $-819,106
2018 $17,287,387 $16,699,944 $21,803,137 $587,443
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