Barcelon Associates Management Corporation
Legal name: Casa De Redwood Inc
Nonprofit profile at a glance
- EIN
- 237061992
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Walnut Creek, CA, United States
- Phone
- 925-951-0762
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $3,566,311
- Expenses
- $2,141,375
- Assets
- $11,256,377
- Liabilities
- $214,704
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- LILIANE LAMOTTE PAETKAU (PRESIDENT)
- ANDREW FRISCH (VICE PRESIDENT)
People named in this filing
- LILIANE LAMOTTE PAETKAU (PRESIDENT)
- ANDREW FRISCH (VICE PRESIDENT)
- KENNETH MACWAY (TREASURER)
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
Dedicated to the management and preservation of affordable housing. Michele came aboard in 2011. She has expertise in RealPage’s OneSite system and HUD’s Secure Systems, including EIV and knowledge of HUD’s ever-changing rules and regulations. She takes on current hot topics in affordable housing, including VAWA implementation, Bed Bug policy, and Utility Benchmarking to ensure implementation of policy and regulation changes. Michele also provides training of on-site occupancy staff, including oversight of waiting list management, and coordinates preparation of HUD management and occupancy reviews (MORs). ©2026 Barcelon Associations Management Corporation. All rights reserved. Privacy Policy.
What it reported doing in 2024
The corporation was organized to develop, own and operate an apartment complex consisting of 136 rental units for low-income seniors in redwood city, California.
Operating model
- Revenue model
- Grant-funded. 71% of the money available for current operations came from government grants.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 87
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.9%; rating input score 60
- Program expense ratio: 94.3%; rating input score 94
- 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: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- 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: 40%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 5.26; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings
Growth
- Program expense growth: -0.3% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 9.2% per year; rating input score 100; 55th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 59.9% of revenue deployed · 94.3% of spending went to programs
- Governance: 9 of 9 board members independent · 4 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $2M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Highest-paid contractors: 1 contractor listed · $259K reported
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.