Burbank Housing
Legal name: Burbank Housing Development Corporation
Nonprofit profile at a glance
- EIN
- 942837785
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Santa Rosa, CA, USA
- Phone
- 707-526-9782
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $32,379,443
- Expenses
- $26,564,789
- Assets
- $237,868,502
- Liabilities
- $153,838,222
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- LAWRANCE FLORIN (CEO)
Highest reported compensation
- LAWRANCE FLORIN (CEO): $557,353 total reported compensation
- BENJAMIN WICKHAM (COO): $229,257 total reported compensation
- RICHARD WALLACH (SR DIRECTOR OF HOUSING FIN): $225,819 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Affordable Housing That Puts People First. Burbank Housing is a local nonprofit dedicated to building quality affordable housing in the North Bay. Resident Services are at the heart of our mission. At the forefront of our work is supporting the housing stability and well-being of our Burbank Housing residents. From health and fitness to learning opportunities for all ages, our programs get neighbors together. Our team of Resident Service Coordinators partner with dozens of community organizations to bring free onsite programs and resources in the areas of Health & Wellness, Adult & Families, Youth, Senior Support and Community Engagement. These programs can vary from site to site based on the needs of the residents who live there. Our department also works with individual residents to connect them with essentials like health and food r.
What it reported doing in 2024
The organization owns and operates apartment properties for low-income families, elderly and handicapped persons. The organization also provides community development activities.
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.9%; rating input score 73
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 41.1%; rating input score 41; 10th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: 18%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 8.95; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 9.4%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 16.9% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 13.2% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 10.6% per year; rating input score 100; 67th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 72.9% of revenue deployed · 89.2% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $23.7M in reported program spending
- Leadership: top reported pay $557K · 24 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 14 filed money-flow records
- Related organizations: 76 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Transparency & Controls: Grant itemization coverage scored 41/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- High — Sustainability: Officer compensation ratio scored 23/100.