RIO HONDO COMMUNITY DEVELOPMENT CORPORATION (EIN 010740130) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

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

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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%)

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

Governance

Voting Members

Independent Members

Employees

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

$36,143

Total Directors

$36,143

Key Employees

Highest Compensated

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

RIO HONDO COMMUNITY DEVELOPMENT CORPORATION