ABODE COMMUNITIES

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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

1968

Legal Domicile

Principal Officer

HOLLY BENSON

Phone

2136292702

Tax Period

2023-01-01 to 2023-12-31

ABODE COMMUNITIES, founded in 1968, is a mid-sized nonprofit in the Housing & Shelter sector that reported $21.1M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $5.3M, a strong 25% operating margin.

Mission

TO CREATE SERVICE-ENHANCED AFFORDABLE HOUSING AND SOCIALLY BENEFICIAL COMMUNITY FACILITIES THAT PROMOTE SOCIAL, ECONOMIC, AND PHYSICAL TRANSFORMATION OF UNDERSERVED COMMUNITIES

Program Service Accomplishments

Program 1

Expenses: $3,626,238 Revenue: $3,555,330

AFFORDABLE HOUSING DESIGN AND ARCHITECTURAL SERVICES

Program 2

Expenses: $3,564,994 Revenue: $4,475,162

AFFORDABLE HOUSING MANAGEMENT

Program 3

Expenses: $2,059,040 Revenue: $5,424,095

AFFORDABLE HOUSING DEVELOPMENT

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,858,468

Program Service Revenue $13,454,587

Investment Income $921,119

Other Revenue $-173,482

TOTAL REVENUE $21,060,692

Expense Breakdown

Grants Paid $39,850

Salaries & Benefits $9,852,310

Fundraising Expenses $602,523

Program Expenses $13,849,230

Other Expenses $5,869,525

TOTAL EXPENSES $15,761,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,060,692	$32,741,209	-0.4%
Expenses	$15,761,685	$19,051,743	-0.2%
Net Income	$5,299,007	$13,689,466	-0.6%

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

231

Volunteers

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

$945,877

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY BOYER	CHAIR	0.10	Officer Director	$0	$0	$0
NKECHI ODU	VICE CHAIR	0.10	Officer Director	$0	$0	$0
SINDY SPIVAK	SECRETARY	0.10	Officer Director	$0	$0	$0
BRIAN HANSEN	TREASURER (OUTGOING)	0.10	Officer Director	$0	$0	$0
MILTON CURRY	DIRECTOR	0.10	Director	$0	$0	$0
KHALIF EDWARDS	DIRECTOR	0.10	Director	$0	$0	$0
DANI EVANSON	DIRECTOR	0.10	Director	$0	$0	$0
WENDY GRUEL	TREASURER	0.10	Officer Director	$0	$0	$0
LISA GUTIERREZ	DIRECTOR	0.10	Director	$0	$0	$0
LANCE BOCARSLY	DIRECTOR	0.10	Director	$0	$0	$0
PETER GUTIERREZ	DIRECTOR	0.10	Director	$0	$0	$0
DAVID NEWMAN	DIRECTOR (OUTGOING)	0.10	Director	$0	$0	$0
JUDITH TAYLOR	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW ZIMMERMAN	DIRECTOR	0.10	Director	$0	$0	$0
HOLLY BENSON	PRESIDENT & CEO	40.80	Officer	$361,409	$26,154	$387,563
RICK SAPERSTEIN	EXECUTIVE VP & CFO	40.80	Officer	$260,318	$26,774	$287,092
HERALDO GONZALES	EXECUTIVE VICE PRESIDENT	43.00	Officer	$247,439	$23,783	$271,222
SARAH FURCHTENICHT	SENIOR VICE PRESIDENT	43.00	Highest	$226,782	$12,989	$239,771
LARA REGUS	SENIOR VICE PRESIDENT	42.20	Highest	$217,251	$22,810	$240,061
GIUSEPPE ALIANO	SENIOR VICE PRESIDENT	42.20	Highest	$224,728	$38,963	$263,691
SARA TSAY	SENIOR VICE PRESIDENT	43.00	Highest	$210,900	$16,572	$227,472
ROSHE MALAKUTI MCCLURE	SENIOR VICE PRESIDENT	43.00	Highest	$174,309	$22,185	$196,494

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	$21,060,692	$15,761,685	$67,633,233	$5,299,007
2022	$32,741,209	$19,051,743	$71,523,227	$13,689,466
2021	$18,096,266	$17,347,214	$48,420,643	$749,052
2020	$14,412,253	$15,834,270	$50,125,987	$-1,422,017
2019	$14,106,209	$13,648,247	$48,114,830	$457,962
2018	$15,477,675	$12,531,500	$41,073,716	$2,946,175