REDEEMER VILLAGE

EIN: 232091414 501(c)(3) Housing & Shelter

HUNTINDON VALLEY, PA

Total Revenue
$633,368
Total Expenses
$-20,233
Total Assets
$12,690,584
Net Assets
$12,198,879
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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
1977
Legal Domicile
PA
Principal Officer
MICHAEL KEEN
Phone
2159387855
Tax Period
2022-10-01 to 2023-09-30

REDEEMER VILLAGE, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $633K in total revenue in fiscal year 2022. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $654K, a strong 103% operating margin.

Mission

TO PROVIDE MANAGERIAL OVERSIGHT FOR HUD-SUBSIDIZED RENTAL HOUSING TO LOW INCOME ELDERLY AND/OR DISABLED INDIVIDUALS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $139,126
Investment Income $494,242
Other Revenue $0
TOTAL REVENUE $633,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $-41,160
Other Expenses $-20,233
TOTAL EXPENSES $-20,233

Year-over-Year Comparison

2022 2021 Change
Revenue $633,368 $14,141,572 -1.0%
Expenses $-20,233 $1,491,257 -1.0%
Net Income $653,601 $12,650,315 -0.9%
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

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Governance

Voting Members
6
Independent Members
5
Employees
10
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
6
$1,683,534
Total Directors
6
$732,261
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL B LAIGN BOARD MEMBER, PRESIDENT/CE 0.60
Officer Director
$920 $23,945 $732,261
WILLIAM SASSO ESQ CHAIRMAN 0.50
Officer Director
$0 $0 $0
BETH DUPREE MD BOARD MEMBER 0.50
Director
$0 $0 $0
S NICHOLAS LEZZI BOARD MEMBER 0.50
Director
$0 $0 $0
SR ELLEN MARVEL CSR BOARD MEMBER 0.50
Director
$0 $0 $0
JOSEPH RAGG BOARD MEMBER 0.50
Director
$0 $0 $0
DONALD F FRIEL ASST TREASURER 0.10
Officer
$506 $100,192 $489,329
NANCY MANDES TREASURER 0.01
Officer
$0 $38,992 $217,481
JOSEPH MUNIZZA ASST SECRETARY/VP RESIDENT 15.00
Officer
$53,106 $4,619 $145,756
CRISTINA PEOPLES CORPORATE SECRETARY 0.01
Officer
$0 $27,398 $98,707
THOMAS HARRIS SENIOR VP, GENERAL COUNSEL 0.10
Highest
$511 $95,227 $488,892
MICHAEL KEEN HRHS CFO 0.10
Highest
$551 $44,269 $468,067
DONALD W FOX SENIOR VP 0.10
Highest
$350 $71,148 $339,997
JOSEPH TAYLOR SVP POPULATION HEALTH/EXEC 0.10
Highest
$394 $59,901 $362,812
JOSEPH CASSIDY RN VP HUMAN RESOURCES-RETIRED 0.10
Highest
$220 $550 $170,153
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 No data No data No data No data
2023 $633,368 $-20,233 $12,690,584 $653,601
2022 $14,141,572 $1,491,257 $14,356,700 $12,650,315
2021 $1,613,163 $1,092,198 $1,430,260 $520,965
2020 $1,647,046 $1,135,801 $1,416,500 $511,245
2019 $1,615,019 $1,222,890 $1,364,764 $392,129
2018 $1,564,928 $1,255,385 $1,406,969 $309,543
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