RETIRED STEELWORKERS HOUSING & HEALTH DEVELOPMENT CORPORATION (EIN 231923419) - 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

1973

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-01-01 to 2024-12-31

RETIRED STEELWORKERS HOUSING & HEALTH DEVELOPMENT CORPORATION, founded in 1973, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $1,118,277

Investment Income $388

Other Revenue $67,404

TOTAL REVENUE $1,186,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $416,367

Fundraising Expenses $0

Program Expenses $681,896

Other Expenses $775,734

TOTAL EXPENSES $1,192,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,186,069	$1,136,650	+0.0%
Expenses	$1,192,101	$1,158,290	+0.0%
Net Income	$-6,032	$-21,640	-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

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

$521,004

Total Directors

$521,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	VICE PRESIDE	0.70	Officer Director	$0	$75,384	$521,004
MAXINE CARTER	DIRECTOR	0.10	Director	$0	$0	$0
MARIA CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
ANGELA FERRITTO	DIRECTOR	0.10	Director	$0	$0	$0
TONY FRANSETTA	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT HOFFMASTER	DIRECTOR	1.10	Director	$0	$0	$0
DARRIN KELLY	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	TREASURER	0.40	Officer Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	Officer 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
2024	$1,186,069	$1,192,101	$938,185	$-6,032
2023	$1,136,650	$1,158,290	$981,894	$-21,640
2022	$1,121,707	$1,192,915	$931,922	$-71,208
2021	$1,115,295	$1,133,100	$985,672	$-17,805
2020	$1,099,321	$1,086,052	$982,550	$13,269
2019	$1,161,478	$1,121,417	$962,615	$40,061
2018	$1,156,656	$1,205,417	$1,051,340	$-48,761

RETIRED STEELWORKERS HOUSING & HEALTH DEVELOPMENT CORPORATION