RIO HONDO COMMUNITY DEVELOPMENT CORPORATION

EIN: 010740130 501(c)(3) Housing & Shelter

EL MONTE, CA

Total Revenue
$576,958
Total Expenses
$533,595
Total Assets
$3,613,463
Net Assets
$1,841,803
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
CA
Principal Officer
KENNETH FERREIRA
Phone
6264012784
Tax Period
2023-07-01 to 2024-06-30

RIO HONDO COMMUNITY DEVELOPMENT CORPORATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $577K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $534K left a modest 8% surplus.

Mission

TO IMPROVE AND PRESERVE THE HOUSING INVENTORY THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME PERSONS; TO PROMOTE THE SOCIAL WELFARE OF THE COMMUNITY BY RELIEVING POVERTY, DEPENDENCY, CHRONIC UNEMPLOYMENT AND UNDEREMPLOYMENT; AND TO COMBAT COMMUNITY

Program Service Accomplishments

Program 1
Expenses: $414,376

IMPROVE, CONSTRUCT AND PRESERVE HOUSING THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME INDIVIDUALS. THE ORGANIZATION'S PRIMARY SOURCE OF FINANCIAL SUPPORT IS THROUGH GOVERNMNET GRANTS FROM...

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IMPROVE, CONSTRUCT AND PRESERVE HOUSING THAT IS DECENT AND AFFORDABLE TO LOW AND MODERATE INCOME INDIVIDUALS. THE ORGANIZATION'S PRIMARY SOURCE OF FINANCIAL SUPPORT IS THROUGH GOVERNMNET GRANTS FROM CITY OF EL MONTE, THE CITY OF ROSEMEAD, THE CITY OF BALDWIN PARK AND NET RENTAL INCOME COLLECTED FROM ITS RENTAL PROPERTIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $572,436
Investment Income $4,522
Other Revenue $0
TOTAL REVENUE $576,958

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,923
Fundraising Expenses $0
Program Expenses $414,376
Other Expenses $461,672
TOTAL EXPENSES $533,595

Year-over-Year Comparison

2023 2022 Change
Revenue $576,958 $533,925 +0.1%
Expenses $533,595 $459,706 +0.2%
Net Income $43,363 $74,219 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$36,143
Total Directors
6
$36,143
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENNETH FERREIRA Executive Dir. 30.00
Officer Director
$36,143 $0 $36,143
KEN RAUSCH Director 2.00
Director
$0 $0 $0
MICHAEL MCCLURE President 2.00
Officer Director
$0 $0 $0
EUGENE MOY Treasurer 2.00
Officer Director
$0 $0 $0
MARGARITA CRUZ Secretary 2.00
Officer Director
$0 $0 $0
EDWARD ZUNIGA Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $576,958 $533,595 $3,613,463 $43,363
2023 $533,925 $459,706 $3,527,116 $74,219
2022 $488,476 $416,358 $3,434,546 $72,118
2021 $535,651 $448,816 $3,353,666 $86,835
2020 $466,324 $408,069 $3,268,967 $58,255
2019 $441,557 $372,372 $3,201,585 $69,185
2018 $384,358 $376,152 $3,136,202 $8,206
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