Alta Housing (Fka Palo Alto Housing Corporation)
Nonprofit profile at a glance
- EIN
- 912198760
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Palo Alto, CA, USA
- Phone
- 6503219709
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $7,248,169
- Expenses
- $5,543,907
- Assets
- $69,114,315
- Liabilities
- $21,906,552
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- RANDAL TSUDA (PRESIDENT & CEO)
Highest reported compensation
- RANDAL TSUDA (PRESIDENT & CEO): $362,066 total reported compensation
- MARC GARCIA (CFO): $266,315 total reported compensation
- SHERYL KLEIN (COO): $240,565 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To foster, develop, acquire, rehabilitate, manage and operate low and moderate-income housing in palo alto, ca. Includes activity of alta housing bmr services llc (limited liability company), a disregarded entity which provides consulting services for the benefit of low-income housing individuals.
What it reported doing in 2024
Foster, develop, acquire, rehabilitate, manage and operate low- and moderate-income housing for individuals and families in palo alto, ca.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some related-organization disclosures are missing.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 65
- Accountability: 100
- Sustainability: 77
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.1%; rating input score 75
- Program expense ratio: 88.5%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Scored; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 23.5%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 12.47; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.32; rating input score 33; 33rd percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 12% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 9.9% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 75.1% of revenue deployed · 88.5% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $4.9M in reported program spending
- Leadership: top reported pay $362K · 19 people listed · 0 of 6 pay-setting controls reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 10 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 25 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 33/100.