RESIDENTS FIRST DEVELOPMENT CORP (EIN 043282997) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

DIANE SILVA

Tax Period

2020-06-01 to 2021-05-31

RESIDENTS FIRST DEVELOPMENT CORP, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2020. Revenue surged 1966% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 99% operating margin.

Mission

CONSTRUCTION OF AFFORDABLE HOUSING.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $130,544

Investment Income $4

Other Revenue $0

TOTAL REVENUE $130,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,684

Other Expenses $1,684

TOTAL EXPENSES $1,684

Year-over-Year Comparison

	2020	2019	Change
Revenue	$130,548	$6,320	+19.7%
Expenses	$1,684	$13,900	-0.9%
Net Income	$128,864	$-7,580	-18.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ROBERT R GILMAN	CLERKDIRECTOR	1.00	Director	$0	$0	$0
BRUCE AKASHIAN	DIRECTOR	1.00	Director	$0	$0	$0
JANET C MEEHAN	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN C PANAGIOTAKOS	DIRECTOR	5.00	Director	$0	$0	$0
DIANE SILVA	PRESTREAS	10.00	Officer	$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
2021	$130,548	$1,684	$502,387	$128,864
2020	$6,320	$13,900	$504,067	$-7,580
2019	$8,112	$14,837	$511,647	$-6,725
2018	$538,567	$107,021	$518,372	$431,546

RESIDENTS FIRST DEVELOPMENT CORP