Eureka Housing Development Corporation

Nonprofit profile at a glance

EIN
943303075
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-EZ 2012
Location
Eureka, CA, USA
Phone
7074434583
Rating
50
Verdict
MIXED
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Reported finances

Revenue
$27,317
Expenses
$4,549
Assets
$237,955
Liabilities
$52,056

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • KALI SEROTTA (VICE PRESIDENT)
  • KAY ESCARDA (PRESIDENT)

Highest reported compensation

  • CHERYL CHURCHILL (SECRETARY): $210,871 total reported compensation
  • JOHN DUSTIN WIESNER (DEPUTY DIRECTOR): $156,996 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide low income housing

What it reported doing in 2025

Provide low-income rental housing as the 0.1% general partner in eureka housing associates, a California limited partnership.

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 28
  • Transparency & Controls: 60
  • Accountability: 74
  • Sustainability: 74
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.9%; rating input score 11
  • Program expense ratio: 65.8%; rating input score 66
  • 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 83.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 52.31; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 1,504.7%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 25.7% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: -14.3% per year; rating input score 0; 24th percentile among comparable filings
  • Asset growth: -1.3% per year; rating input score 0; 31st percentile among comparable filings

Details

  • Where the money goes: 10.9% of revenue deployed · 65.8% of spending went to programs
  • Governance: 3 of 3 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $211K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 13 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 3 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 — Financial Efficiency: Mission deployment rate scored 11/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.