80-92 RIDGE STREET HOUSING DEVELOP… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

LINDA R HOFFMAN

Phone

2129627653

Tax Period

2024-07-01 to 2025-06-30

80-92 RIDGE STREET HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1989, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 29% operating margin.

Mission

DEVELOPING, CONSTRUCTING, AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED.

Program Service Accomplishments

Program 1

Expenses: $2,633,423 Revenue: $333,340

PROVIDES 99 UNITS OF SUBSIDIZED, LOW INCOME HOUSING TO SENIOR CITIZENS.

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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 $3,787,831

Program Service Revenue $333,340

Investment Income $2,895

Other Revenue $4,285

TOTAL REVENUE $4,128,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,446

Fundraising Expenses $0

Program Expenses $2,633,423

Other Expenses $2,361,584

TOTAL EXPENSES $2,947,030

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,128,351	$2,554,960	+0.6%
Expenses	$2,947,030	$2,490,036	+0.2%
Net Income	$1,181,321	$64,924	+17.2%

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

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

$1,186,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM N HUBBARD IV	PRESIDENT	0.20	Officer Director	$0	$0	$0
ELIZABETH R TOZER	VICE PRESIDENT	0.20	Officer Director	$0	$0	$0
JOAN FINKLESTEN	EXEC. SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
ANN VAN NESS	BOARD MEMBER	0.20	Director	$0	$0	$0
LINDA R HOFFMAN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$35,975	$820,576
ROLANDO A BLANCO	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$35,975	$365,475

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	$4,128,351	$2,947,030	$5,335,088	$1,181,321
2024	No data	No data	No data	No data
2023	$2,747,952	$2,575,507	$4,567,135	$172,445
2022	$2,701,313	$2,470,393	$4,853,436	$230,920
2021	$2,594,205	$2,335,654	$4,862,997	$258,551
2020	$2,432,210	$2,252,215	$4,875,107	$179,995
2019	$2,395,780	$2,246,343	$4,887,356	$149,437
2018	$2,244,735	$2,134,323	$5,095,242	$110,412

80-92 RIDGE STREET HOUSING DEVELOPMENT FUND COMPANY INC