RIDGEWOOD SENIORS COMMUNITY CORP

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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

1979

Legal Domicile

Principal Officer

JOSEPH FERRETTI

Phone

7184972908

Tax Period

2024-07-01 to 2025-06-30

RIDGEWOOD SENIORS COMMUNITY CORP, founded in 1979, is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Expenses of $272K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO HOLD REAL ESTATE IN ORDER TO FURTHER THE MISSION AND ACTIVITIES OF THE PETER CARDELLA SENIOR CITIZEN CENTER, INC.

Program Service Accomplishments

Program 1

Expenses: $126,190

LEASING OF ORGANIZATION OWNED FACILITIES TO FURTHER THE MISSION AND ACTIVITIES OF THE PETER CARDELLA SENIOR CITIZEN CENTER, INC.

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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 $0

Program Service Revenue $238,434

Investment Income $371

Other Revenue $0

TOTAL REVENUE $238,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,080

Fundraising Expenses $0

Program Expenses $175,611

Other Expenses $242,493

TOTAL EXPENSES $271,573

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,805	$231,876	+0.0%
Expenses	$271,573	$279,931	0.0%
Net Income	$-32,768	$-48,055	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ENZO BONURA	TRUSTEE	3.00	Officer Director	$0	$0	$0
JOSEPH FERRETTI	PRESIDENT	10.00	Officer Director	$0	$0	$0
KATHLEEN FERRETTI	TREASURER	5.00	Officer Director	$0	$0	$0
JOSEPH GIARAMITA	TRUSTEE	2.00	Director	$0	$0	$0
TONIANN GRANDE	ADVISOR	3.00	Officer Director	$0	$0	$0
GIOVANNI TOSCANO	TRUSTEE	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	$238,805	$271,573	$1,285,446	$-32,768
2024	$231,876	$279,934	$1,315,550	$-48,058
2023	$307,643	$179,184	$1,363,608	$128,459
2022	$237,799	$185,620	$1,234,896	$52,179
2021	$227,218	$167,673	$1,182,874	$59,545
2020	$191,106	$140,707	$1,127,786	$50,399
2019	$201,139	$207,722	$1,146,606	$-6,583