RESIDENTIAL RESOURCES DEVELOPMENT CORP (EIN 251682806) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

JOHN JEFFREY LENGEL

Phone

4126429033

Tax Period

2024-07-01 to 2025-06-30

RESIDENTIAL RESOURCES DEVELOPMENT CORP, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $126K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $140K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE QUALITY, AFFORDABLE, AND WELL-MAINTAINED RESIDENTIAL HOUSING AND OTHER FACILITIES DIRECTLY TO PERSONS WITH DISABILITIES OR THROUGH AGENCIES RESPONSIBLE FOR THEIR CARE. ALSO, TO OFFER TECHNICAL ASSISTANCE TO AGENCIES AND FAMILIES OF PERSONS WITH DISABILITIES IN ALL AREAS OF HOUSING ACQUISITION, DEVELOPMENT AND MANAGEMENT.

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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 $125,618

Investment Income $0

Other Revenue $181

TOTAL REVENUE $125,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $139,926

Other Expenses $139,926

TOTAL EXPENSES $139,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,799	$111,791	+0.1%
Expenses	$139,926	$142,950	0.0%
Net Income	$-14,127	$-31,159	-0.5%

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

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

$163,051

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTI ANTONELLA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CLOHERTY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN JEFFREY LENGEL	PRESIDENT	5.00	Officer	$0	$0	$163,051
BETH MONTEVERDE	SECRETARY/TREASURER	1.00	Officer	$0	$0	$0
MICHAEL MCCOLLOUGH	DIRECTOR OF FINANCE	40.00	Highest	$0	$0	$171,532

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	$125,799	$139,926	$801,296	$-14,127
2024	$111,791	$142,950	$845,795	$-31,159
2023	$100,251	$131,608	$877,222	$-31,357
2022	$102,148	$93,783	$862,798	$8,365
2021	$84,130	$90,332	$894,211	$-6,202
2020	$73,414	$117,107	$969,519	$-43,693
2019	$77,599	$145,673	$975,718	$-68,074
2018	$286,272	$126,944	$1,041,586	$159,328

RESIDENTIAL RESOURCES DEVELOPMENT CORP