Almond Court Inc

Nonprofit profile at a glance

EIN
770413862
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2019
Location
Visalia, CA, USA
Phone
5596511000
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$1,333,584
Expenses
$1,498,347
Assets
$5,873,486
Liabilities
$32,447

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Tom Collishaw (President)

People named in this filing

  • David Ebenezer (Secretary)
  • Tom Collishaw (President)
  • Susan Zachary-Kreps (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing

What it reported doing in 2024

To provide affordable rental housing to low-income persons as the .01% general partner in Villa Hermosa Partners, a California Limited Partnership, which owns and operates Villa Hermosa, a 40-unit affordable housing complex located in Wasco, CA.Also to provide affordable rental housing to low-income persons as the .01% general partner in Sunrise Villa Partners, a California Limited Partnership, which owns and operates Sunrise Villa Apartments, a 44-unit affordable rental housing complex located in Wasco, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Caliente Creek Partners, a California Limited Partnership which owns and operates Caliente Creek Apartments, a 46-unit rental housing complex located in Arvin, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Goshen Village Partners, a California Limited Partnership which owns and operates Goshen Village Apartments, a 64-unit rental housing complex located in Goshen, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Rolling Hills Partners, a California Limited Partnership which owns and operates Rolling Hills Apartments, a 52-unit rental housing complex located in Newman, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Washington Plaza Partners, a California Limited Partnership which owns and operates Earlimart Village Apartments, a 44-unit rental housing complex located in Earlimart, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Sand Creek Partners, a California Limited Partnership which owns and operates Orosi Village Apartments, a 60-unit housing complex located in Orosi, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Biola Village Partners, a California Limited Partnership which owns and operates Biola Village Apartments, a 44-unit housing complex located in Biola, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Lincoln Plaza, a California Limited Partnership which owns and operates Lincoln Plaza Apartments, a 40-unit housing complex located in Hanford, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Villa Del Rey Partners, a California Limited Partnership which owns and operates Villa Del Rey Apartments, a 48-unit housing complex located in Del Rey, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Parksdale Village Partners, a California Limited Partnership which owns and operates Parksdale Village Apartments, a 48-unit housing complex located in Madera, CA.Also to provide affordable rental housing to low-income persons as the 99.99% limited partner in Rancho Lindo Partners, a California Limited Partnership which owns and operates Rancho Lindo Apartments, a 44-unit rental housing complex located in Lamont, CA.

Operating model

Revenue model
Donor-supported. 98% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.4%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 3.92; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 31.1% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 20.3% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 28.6% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 12 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 15/100.