RENSSELAER COUNTY HOUSING RESOURCES

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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

1998

Legal Domicile

Principal Officer

NOAH D BAUM

Phone

5182728289

Tax Period

2024-05-01 to 2025-04-30

RENSSELAER COUNTY HOUSING RESOURCES, founded in 1998, is a small nonprofit that reported $206K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $286K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES ACROSS RENSSELAER COUNTY, NY.

Program Service Accomplishments

Program 1

Expenses: $266,408

TO CONNECT INDIVIDUALS AND FAMILIES WITH RESOURCES AND KNOWLEDGE TO LIVE IN DESIRABLE HOMES AND CREATE VIBRANT SUSTAINABLE COMMUNITIES ACROSS RENSSELAER COUNTY, NY.

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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 $206,015

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,731

Fundraising Expenses $0

Program Expenses $266,408

Other Expenses $125,033

TOTAL EXPENSES $285,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$206,015	$366,212	-0.4%
Expenses	$285,764	$263,102	+0.1%
Net Income	$-79,749	$103,110	-1.8%

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

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

$198,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE DURKIN	TREASURER	1.00	Director	$0	$0	$0
KAREN MASON	CHAIR	1.00	Director	$0	$0	$0
YVONNE DREWE	DIRECTOR	1.00	Director	$0	$0	$0
NOAH BAUM	PRESIDENT & CEO OF TRIP	0.00	Officer	$0	$2,750	$105,105
ERIC BARAL	CFO/COO, TRIP	0.00	Officer	$0	$2,771	$93,582

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	$206,015	$285,764	$46,755	$-79,749
2024	$366,212	$263,102	$184,703	$103,110
2023	$323,003	$270,400	$158,246	$52,603
2022	$230,133	$181,277	$123,323	$48,856
2021	$359,062	$269,131	$73,809	$89,931
2019	$208,451	$310,597	$219,189	$-102,146