RIVERTON COMMUNITY HOUSING

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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

Principal Officer

MARY NOVAK

Phone

6123313911

Tax Period

2022-10-01 to 2023-09-30

RIVERTON COMMUNITY HOUSING, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $6.4M in total revenue in fiscal year 2022.

Mission

CREATE AND FOSTER A QUALITY LIVING EXPERIENCE WITH A DEDICATION TO OPERATING COOPERATIVE HOUSING THROUGH A NONPROFIT AND DEMOCRATIC MODEL.

Program Service Accomplishments

Program 1

Expenses: $5,897,350 Revenue: $5,940,744

PROVIDE 578 QUALITY BELOW MARKET HOUSING UNITS IN 7 COOPERATIVES. RIVERTON WORKS TO OPERATE COOPERATIVE PROPERTIES EFFICIENTLY WHILE KEEPING SUSTAINABLITY AND HOUSING QUALITY IN MIND. MANAGING IN A WAY THAT MEETS THE MISSION OF THE ORGANIZATION IN ORDER TO KEEP RENTS BELOW MARKET AS MUCH AS POSSIBLE WHILE BALANCING THE NEEDS OF THE COOPERATIVE COMMUNITY FOR THE FUTURE IS AN IMPORTANT ACCOMPLISHMENT.

Program 2

Expenses: $137,347

CO-OP MEMBER ENGAGEMENT. COLLABORATING WITH THE 7 CO-OP COMMUNITIES LEADERSHIP STRUCTURES, PROVIDING EDUCATIONAL, LEADERSHIP AND GROWTH EXPERIENCES FOR RESIDENTS TO INCREASE COMMUNITY ENGAGEMENT AND GROW PERSONAL SKILLSETS IS A STRONG PART OF THE WORK. PROVIDING SUPPORT FOR COOPERATIVE MEMBERS TO BE CIVICALLY INVOLVED IN THEIR IMMEDIATE AND SURROUNDING COMMUNITITES THROUGH A DEMOCRATIC MODEL IS A KEY TO THIS WORK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,940,744

Investment Income $176,113

Other Revenue $327,292

TOTAL REVENUE $6,444,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,789,916

Fundraising Expenses $0

Program Expenses $6,034,697

Other Expenses $4,715,022

TOTAL EXPENSES $6,504,938

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,444,149	$6,168,719	+0.0%
Expenses	$6,504,938	$5,840,454	+0.1%
Net Income	$-60,789	$328,265	-1.2%

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

$174,306

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY NOVAK	EXECUTIVE DI	40.00	Officer	$156,194	$18,112	$174,306
KARYN ZWIEG	DIRECTOR OF	40.00	Highest	$100,124	$0	$100,124
JASON KENLEY	PRESIDENT	2.50	Officer Director	$0	$0	$0
MICHAEL SHEPARD	VICE PRESIDE	2.50	Officer Director	$0	$0	$0
ANDY WOLLE	TREASURER	2.50	Officer Director	$0	$0	$0
COURTNEY OVERBY	SECRETARY	2.50	Officer Director	$0	$0	$0
ALYSSA BRAATEN	BOARD MEM. T	2.50	Director	$0	$0	$0
MICHAEL COPA	BOARD MEMBER	2.50	Director	$0	$0	$0
BRIAN DUSBIBER	BOARD MEMBER	2.50	Director	$0	$0	$0
JAREN JOHNSON	BOARD MEMBER	2.50	Director	$0	$0	$0
NEIL KOLATKAR	BOARD MEMBER	2.50	Director	$0	$0	$0
RACHEL RICE	BOARD MEM TH	2.50	Director	$0	$0	$0
MOLLY RUTZICK	BOARD MEMBER	2.50	Director	$0	$0	$0
TOM PIERSON	BOARD MEMBER	2.50	Director	$0	$0	$0
KIT FORDHAM	BOARD MEM TH	2.50	Director	$0	$0	$0
RYAN HAMPTON	BOARD MEM TH	2.50	Director	$0	$0	$0
RYAN NESTINGEN	BOARD MEMBER	2.50	Director	$0	$0	$0
JOAN BENNETT	BOARD MEMBER	2.50	Director	$0	$0	$0
ACACIA GALLE	BOARD MEMBER	2.50	Director	$0	$0	$0
LIBBY LOGSDEN	BOARD MEMBER	2.50	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	No data	No data	No data	No data
2023	$6,444,149	$6,504,938	$50,682,600	$-60,789
2022	$6,168,719	$5,840,454	$51,048,944	$328,265
2021	$6,521,205	$5,445,730	$52,771,886	$1,075,475
2020	$6,167,785	$5,657,547	$52,152,152	$510,238
2019	$5,045,570	$5,022,775	$52,315,009	$22,795
2018	$4,591,879	$3,959,476	$51,838,736	$632,403