RIESE PROJECTS URBAN RENEWAL CORPO… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

REV MARC A MANCINI

Phone

9737780430

Tax Period

2024-01-01 to 2024-12-31

RIESE PROJECTS URBAN RENEWAL CORPORATION, founded in 1971, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 11% surplus.

Mission

TO PROVIDE LOW-INCOME SENIOR CITIZENS AND HANDICAPPED HOUSING. THE RIESE PROJECTS INC PROVIDES 201 UNITS, WITH ONE OF THE UNITS OCCUPIED BY THE SUPERINTENDENT.

Program Service Accomplishments

Program 1

Expenses: $2,474,718 Revenue: $2,841,840

TO PROVIDE LOW INCOME SENIOR CITIZEN HOUSING. THE PROJECT HAS 201 UNITS.

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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 $2,824,761

Investment Income $172,326

Other Revenue $17,079

TOTAL REVENUE $3,014,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $368,511

Fundraising Expenses $0

Program Expenses $2,474,718

Other Expenses $2,309,918

TOTAL EXPENSES $2,678,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,014,166	$2,908,846	+0.0%
Expenses	$2,678,429	$2,436,972	+0.1%
Net Income	$335,737	$471,874	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MARC A MANCIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
MSGR HERBERT K TILLYER	DIRECTOR	1.00	Director	$0	$0	$0
DEACON JOSEPH A PUSKAS	TREASURER	5.00	Officer Director	$0	$0	$0
ANDREW F MCBRIDE III ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DEACON PETER CISTARO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS BURNS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS P BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN E GAFFNEY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
SR MAUREEN SHAUGHNESSY SC	DIRECTOR	1.00	Director	$0	$0	$0
DEACON GREGORY J SZPUNAR	SECRETARY	1.00	Officer Director	$0	$0	$0
DEACON MARC MACKIN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DENOVA	DIRECTOR	1.00	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	$3,014,166	$2,678,429	$11,637,798	$335,737
2023	$2,908,846	$2,436,972	$11,595,089	$471,874
2022	$3,056,986	$2,428,595	$11,357,576	$628,391
2021	$3,101,065	$2,077,142	$11,308,927	$1,023,923
2020	$3,023,365	$2,122,455	$10,849,775	$900,910
2019	$2,930,522	$2,059,528	$10,497,853	$870,994
2018	$2,846,440	$2,069,447	$10,539,482	$776,993

RIESE PROJECTS URBAN RENEWAL CORPORATION