RIVERSIDE PARK AT WAY OF THE CROSS INC

EIN: 113711773 501(c)(3) Housing & Shelter

COLUMBUS, OH

Total Revenue
$217,001
Total Expenses
$205,964
Total Assets
$1,113,580
Net Assets
$1,082,197
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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
2004
Legal Domicile
OH
Principal Officer
LYNN D DALTON
Phone
6144511919
Tax Period
2024-01-01 to 2024-12-31

RIVERSIDE PARK AT WAY OF THE CROSS INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $217K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $206K left a modest 5% surplus.

Mission

TO PROVIDE HOUSING TO QUALIFIED ELDERLY & HANDICAPPED PERSONS.

Program Service Accomplishments

Program 1
Expenses: $152,066

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES WITH SUBSIDIES FORM THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT BASED ON TENANT NEEDS. THE HOUSING FACILITIES...

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TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES WITH SUBSIDIES FORM THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT BASED ON TENANT NEEDS. THE HOUSING FACILITIES ARE SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $85,419
Program Service Revenue $100,886
Investment Income $573
Other Revenue $30,123
TOTAL REVENUE $217,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $152,066
Other Expenses $205,964
TOTAL EXPENSES $205,964

Year-over-Year Comparison

2024 2023 Change
Revenue $217,001 $299,765 -0.3%
Expenses $205,964 $226,377 -0.1%
Net Income $11,037 $73,388 -0.8%
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

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Governance

Voting Members
5
Independent Members
4
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
3
$197,730
Total Directors
8
$197,730
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LYNN D DALTON PRESIDENT 1.00
Officer Director
$0 $0 $120,000
WILLIAM LOUDERMILK V. PRESIDENT 1.00
Officer Director
$0 $0 $77,730
ELLEN HARDYMON SEC/TREASURE 1.00
Officer Director
$0 $0 $0
THOMAS F HAVENS TRUSTEE 0.25
Director
$0 $0 $0
JUDITH A HOSKINS TRUSTEE 0.25
Director
$0 $0 $0
JOHN F HAVENS II TRUSTEE 0.25
Director
$0 $0 $0
CHARLOTTE LOUDERMILK TRUSTEE 0.25
Director
$0 $0 $0
STEVEN TODD TRUSTEE 0.25
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
2024 $217,001 $205,964 $1,113,580 $11,037
2023 $299,765 $226,377 $1,125,092 $73,388
2022 $166,801 $221,059 $1,047,060 $-54,258
2021 $163,412 $204,354 $1,093,602 $-40,942
2020 $167,272 $190,467 $1,135,947 $-23,195
2019 $160,631 $195,371 $1,165,667 $-34,740
2018 $164,582 $198,091 $1,201,099 $-33,509
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