THE RIESE CORPORATION C/O RAYMOND P MARZULLI CO INC (EIN 221823795) - Form 990 Financial Analysis & Trantor Score

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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

1963

Legal Domicile

Principal Officer

REV MARC A MANCINI

Phone

9737432300

Tax Period

2023-07-01 to 2024-06-30

THE RIESE CORPORATION C/O RAYMOND P MARZULLI CO INC, founded in 1963, is a small nonprofit that reported $619K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $595K, a strong 96% operating margin.

Mission

THE ORGANIZATION IS DEDICATED TO ENHANCING THE WELL-BEING OF INDIVIDUALS RESIDING IN AFFORDABLE HOUSING IN PATERSON AND PASSAIC, NEW JERSEY. THE ORGANIZATION AIMS TO OFFER A RANGE OF COMPREHENSIVE SERVICES THAT ADDRESS BOTH IMMEDIATE AND LONG-TERM NEEDS, WITH A FOCUS ON IMPROVING HEALTH, STABILITY, AND OVERALL QUALITY OF LIFE FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $619,184

Other Revenue $0

TOTAL REVENUE $619,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $24,095

TOTAL EXPENSES $24,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$619,184	$34,074,355	-1.0%
Expenses	$24,095	$3,092,422	-1.0%
Net Income	$595,089	$30,981,933	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MARC A MANCIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
REV MSGR HERBERT K TILLYER	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEACON JOSEPH A PUSKAS	TREASURER	5.00	Officer Director	$0	$0	$0
JOSEPH DUFFY	SECRETARY	1.00	Officer Director	$0	$0	$0
ANDREW F MCBRIDE III ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DEACON PETER CISTARO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS BURNS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS P BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN E GAFFNEY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
SR MAUREEN SHAUGHNESSY SC	DIRECTOR	1.00	Director	$0	$0	$0
DEACON MARC MACKIN	DIRECTOR	1.00	Director	$0	$0	$0
DEACON GREGORY J SZPUNAR	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$619,184	$24,095	$38,092,680	$595,089
2023	$34,074,355	$3,092,422	$38,096,252	$30,981,933
2023	No data	No data	No data	No data
2022	$4,083,626	$3,289,632	$6,597,958	$793,994
2021	$3,546,859	$2,855,780	$5,621,363	$691,079
2020	$3,032,848	$2,588,547	$4,647,502	$444,301
2019	$2,793,481	$2,624,434	$3,839,120	$169,047

THE RIESE CORPORATION C/O RAYMOND P MARZULLI CO INC