THE RIESE ST MARY'S CORPORATION (EIN 222299252) - 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

1979

Legal Domicile

Principal Officer

REV MARC A MANCINI

Phone

9737780430

Tax Period

2024-01-01 to 2024-12-31

THE RIESE ST MARY'S CORPORATION, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $539K, a strong 31% operating margin.

Mission

THE PROJECT IS A 95 UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN PASSAIC, NJ. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $1,664,893

Investment Income $21,602

Other Revenue $44,178

TOTAL REVENUE $1,730,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,607

Fundraising Expenses $0

Program Expenses $1,066,178

Other Expenses $1,034,198

TOTAL EXPENSES $1,191,805

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,730,673	$1,576,746	+0.1%
Expenses	$1,191,805	$1,112,136	+0.1%
Net Income	$538,868	$464,610	+0.2%

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

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
MSG HERBERT K TILLYER	DIRECTOR	1.00	Director	$0	$0	$0
DEACON JOSEPH A PUSKAS	TREASURER	5.00	Officer Director	$0	$0	$0
ANDREW F MCBRIDE III	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
SR MAUREEN SHAUGHNEESY SC	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
DEACON GREGORY J SZPUNAR	SECRETARY	1.00	Officer Director	$0	$0	$0
DEACON MARC MACKIN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DENOVA	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	$1,730,673	$1,191,805	$4,134,555	$538,868
2023	$1,576,746	$1,112,136	$3,846,489	$464,610
2022	$1,541,112	$1,249,626	$3,770,449	$291,486
2021	$1,505,260	$1,203,991	$3,868,533	$301,269
2020	$1,481,708	$1,225,232	$3,942,862	$256,476
2019	$1,457,291	$1,371,712	$4,035,051	$85,579
2018	$1,433,497	$1,251,066	$4,219,956	$182,431

THE RIESE ST MARY'S CORPORATION