RIVERTON COMMUNITY HOUSING

EIN: 237259966 501(c)(3) Housing & Shelter

MINNEAPOLIS, MN

Total Revenue
$6,444,149
Total Expenses
$6,504,938
Total Assets
$50,682,600
Net Assets
$4,314,189
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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
MN
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.

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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 $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

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Governance

Voting Members
14
Independent Members
14
Employees
34
Volunteers
15

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
5
$174,306
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
1
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
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