Foothill Apartment Association
Nonprofit profile at a glance
- EIN
- 237013787
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Pasadena, CA, USA
- Phone
- 6267935873
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $77,348
- Expenses
- $74,746
- Assets
- $48,368
- Liabilities
- $27,440
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- VINCE MEDINA (VICE PRESIDENT)
- DENIS GALLONIO (PRESIDENT)
People named in this filing
- VINCE MEDINA (VICE PRESIDENT)
- FRANK RUBIN (TREASURER)
- DENIS GALLONIO (PRESIDENT)
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
Education
What it reported doing in 2024
Program services include management fee, seminars and information services
Operating model
- Revenue model
- Earned-program. 100% 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. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 33
- Transparency & Controls: 100
- Accountability: 18
- Sustainability: 42
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 36.4%; rating input score 36
- Program expense ratio: 37.7%; rating input score 38
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings
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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.4%; rating input score 59; 59th percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: -2.4% per year; rating input score 0; 44th percentile among comparable filings
- Revenue growth: -3% per year; rating input score 0; 49th percentile among comparable filings
- Asset growth: 10.9% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 36.4% of revenue deployed · 37.7% of spending went to programs
- Governance: 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $28K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 2 filed schedules
- Filing history: 11 filing years from 2013 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- High — Financial Efficiency: Fundraising efficiency scored 4/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- Review — Sustainability: Operating margin scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 10/100.