ROTTERDAM HOUSING DEVELOPMENT FUND COMPANY INC (EIN 010771157) - 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

RICHARD PROVOST

Phone

5184590183

Tax Period

2024-07-01 to 2025-06-30

ROTTERDAM HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2002, is a small nonprofit that reported $322K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $470K exceeded revenue, resulting in a 46% operating deficit.

Mission

LOW-INCOME HOUSING FOR THE ELDERLY

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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 (2024)

Revenue Breakdown

Contributions & Grants $100,491

Program Service Revenue $208,962

Investment Income $6,795

Other Revenue $5,404

TOTAL REVENUE $321,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,543

Fundraising Expenses $0

Program Expenses $330,473

Other Expenses $364,943

TOTAL EXPENSES $470,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,652	$278,153	+0.2%
Expenses	$470,486	$418,970	+0.1%
Net Income	$-148,834	$-140,817	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NOEL OLSEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY OLSEN	MEMBER	1.00	Director	$0	$0	$0
EDWARD KNAPP	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL LEO	MEMBER	1.00	Director	$0	$0	$0
JAMES EARLY	MEMBER	1.00	Director	$0	$0	$0
LAETITIA RHATIGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD PROVOST	PRESIDENT	1.00	Officer 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	$321,652	$470,486	$1,525,128	$-148,834
2024	$278,153	$418,970	$1,627,264	$-140,817
2023	$258,329	$418,187	$1,728,658	$-159,858
2022	$251,501	$402,166	$1,877,166	$-150,665
2021	$257,142	$378,440	$2,016,234	$-121,298
2020	$260,809	$366,775	$2,142,477	$-105,966
2019	$254,621	$365,916	$2,240,250	$-111,295
2018	$244,206	$357,309	$2,354,415	$-113,103

ROTTERDAM HOUSING DEVELOPMENT FUND COMPANY INC