RHODE ISLAND HOUSING DEVELOPMENT CORPORATION (EIN 050449399) - 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

1989

Legal Domicile

Principal Officer

CAROL VENTURA

Phone

4014571234

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND HOUSING DEVELOPMENT CORPORATION, founded in 1989, is a micro nonprofit in the Housing & Shelter sector that reported $2 in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring.

Mission

PRESERVATION OF AFFORDABLE HOUSING IN THE STATE OF RHODE ISLAND

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $2

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2	$9	-0.8%
Expenses	N/A	N/A	N/A
Net Income	N/A	$9	N/A

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

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

$486,898

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH GODDARD	CHAIRWOMAN	0.25	Officer Director	$0	$0	$0
JONATHAN WOMER	VICE CHAIRMAN	0.25	Officer Director	$0	$0	$0
JAMES DIOSSA	TREASURER	0.25	Officer Director	$0	$0	$0
MARIA F BARRY	DIRECTOR	0.25	Director	$0	$0	$0
ELIZABETH DWYER	DIRECTOR	0.25	Director	$0	$0	$0
STEPHEN P MCALLISTER II	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN ORTH	DIRECTOR	0.25	Director	$0	$0	$0
CAROL VENTURA	EXECUTIVE DIR/SEC	0.25	Officer	$0	$43,920	$264,157
KARA LACHAPELLE	CFO	0.25	Officer	$0	$29,573	$222,741

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	$2	No data	$20,901	No data
2024	$9	No data	$20,899	No data
2023	No data	No data	$20,890	No data
2022	No data	No data	$20,890	No data
2021	No data	No data	$20,890	No data
2020	No data	No data	$20,890	No data
2019	No data	No data	$20,890	No data

RHODE ISLAND HOUSING DEVELOPMENT CORPORATION