RIORDAN SCHOOL ADDITION HOUSING DEVELOPMENT FUND COMPANY INC (EIN 260108312) - 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

2005

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2023-10-01 to 2024-09-30

RIORDAN SCHOOL ADDITION HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2023. Expenses of $133K exceeded revenue, resulting in a 16% operating deficit.

Mission

LOW-INCOME HOUSING PROJECT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $104,140

Investment Income $1,491

Other Revenue $9,285

TOTAL REVENUE $114,916

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,598

Fundraising Expenses $0

Program Expenses $104,205

Other Expenses $98,241

TOTAL EXPENSES $132,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$114,916	$108,704	+0.1%
Expenses	$132,839	N/A	N/A
Net Income	$-17,923	$108,704	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON COLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT A LACIK	TREASURER	1.00	Officer Director	$0	$0	$0
EMILY LACIK	SECRETARY	1.00	Officer Director	$0	$0	$0
CHUCK GLADZISZEWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE RIZZO	BOARD MEMBER	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
2024	$114,916	$132,839	$909,175	$-17,923
2023	$108,704	$127,141	$934,798	$-18,437
2022	$102,748	$122,145	$959,755	$-19,397
2021	$152,058	$129,216	$975,463	$22,842
2020	$109,787	$122,839	$994,719	$-13,052
2019	$102,719	$121,823	$1,011,478	$-19,104
2018	$101,704	$117,252	$1,019,918	$-15,548

RIORDAN SCHOOL ADDITION HOUSING DEVELOPMENT FUND COMPANY INC