RIDGEWAY RENTAL HOUSING INCORPORATED

EIN: 237179623

Algona, IA

Total Revenue
$666,588
Total Expenses
$690,439
Total Assets
N/A
Net Assets
N/A
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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
1972
Legal Domicile
IA
Principal Officer
Julie Stinson
Phone
5152952927
Tax Period
2024-01-01 to 2024-12-31

RIDGEWAY RENTAL HOUSING INCORPORATED, founded in 1972, is a small nonprofit that reported $667K in total revenue in fiscal year 2024. Revenue surged 664% from the prior year, signaling strong growth momentum.

Mission

To provide low rent housing in Ridgeway, Iowa.

Program Service Accomplishments

Program 1
Expenses: $690,439 Revenue: $666,588

To provide low rent housing for the elderly, disabled, and families in Ridgeway.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $66,955
Investment Income $599,633
Other Revenue $0
TOTAL REVENUE $666,588

Expense Breakdown

Grants Paid $634,049
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $690,439
Other Expenses $56,390
TOTAL EXPENSES $690,439

Year-over-Year Comparison

2024 2023 Change
Revenue $666,588 $87,211 +6.6%
Expenses $690,439 $75,317 +8.2%
Net Income $-23,851 $11,894 -3.0%
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

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Governance

Voting Members
22
Independent Members
22
Employees
N/A
Volunteers
22

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Stinson President 0
Officer Director
$0 $0 $0
Diane Schick Vice President 0
Officer Director
$0 $0 $0
Roger Bergan Secretary/Treasurer 0
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 $666,588 $690,439 No data $-23,851
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