READING RESIDENTIAL PROGRAMS INC

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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

1994

Legal Domicile

Principal Officer

ERIN COCO

Phone

7815872200

Tax Period

2024-07-01 to 2025-06-30

READING RESIDENTIAL PROGRAMS INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $170K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $150,012 Revenue: $170,064

TO PROVIDE SUBSIDIZED HOUSING, CONSISTING OF TWO GROUP HOMES LOCATED IN READING, MASSACHUSETTS, FOR 12 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.

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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 $100,808

Program Service Revenue $69,256

Investment Income $12

Other Revenue $0

TOTAL REVENUE $170,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150,012

Other Expenses $177,526

TOTAL EXPENSES $177,526

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,076	$153,963	+0.1%
Expenses	$177,526	$178,293	0.0%
Net Income	$-7,450	$-24,330	-0.7%

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

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
TONI RUSSO	PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICK J TOMPKINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIN COCO CPA	TREASURER	1.00	Officer Director	$0	$0	$0
CHERI L CROW ESQ	CLERK	1.00	Officer Director	$0	$0	$0
MELISSA FORBES	DIRECTOR	1.00	Director	$0	$0	$0
GITA MUNI	DIRECTOR	1.00	Director	$0	$0	$0
MARIA TRENGA	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	$170,076	$177,526	$713,296	$-7,450
2024	$153,963	$178,293	$756,374	$-24,330
2023	$136,997	$186,486	$798,905	$-49,489
2022	$141,975	$188,400	$877,107	$-46,425
2021	$137,593	$165,126	$941,376	$-27,533
2020	$144,589	$156,483	$1,022,566	$-11,894
2019	$123,813	$164,657	$1,092,781	$-40,844
2018	$127,799	$225,981	$1,259,078	$-98,182