GOLDEN RIDGE HOUSING INC

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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

2009

Legal Domicile

Principal Officer

MAUREEN JENDZEJEC

Phone

4018284367

Tax Period

2024-01-01 to 2024-12-31

GOLDEN RIDGE HOUSING INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $272K in total revenue in fiscal year 2024. Expenses of $354K exceeded revenue, resulting in a 30% operating deficit.

Mission

OWNERSHIP AND OPERATION OF ELDERLY HOUSING UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $353,791 Revenue: $271,590

OWNERSHIP AND OPERATION OF 34 APARTMENTS FOR LOW INCOME ELDERLY PERSONS

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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 $262,779

Investment Income $136

Other Revenue $8,675

TOTAL REVENUE $271,590

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $353,791

Other Expenses $353,791

TOTAL EXPENSES $353,791

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,590	$253,490	+0.1%
Expenses	$353,791	$340,231	+0.0%
Net Income	$-82,201	$-86,741	-0.1%

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
ROBERT ELDRED	Secretary	1.00	Officer Director	$0	$0	$0
MAUREEN JENDZEJEC	Chairman	1.00	Officer Director	$0	$0	$0
R DAVID JERVIS	Treasurer	1.00	Officer Director	$0	$0	$0
DONALD OSLEY	Director	1.00	Director	$0	$0	$0
PHILLIP REYNOLDS	Director	1.00	Director	$0	$0	$0
JANE DEPTULA	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
2024	$271,590	$353,791	$3,569,155	$-82,201
2023	$253,490	$340,231	$3,658,839	$-86,741
2022	$223,957	$334,616	$3,733,924	$-110,659
2021	$226,955	$338,413	$3,857,035	$-111,458
2020	$232,602	$347,459	$3,972,524	$-114,857
2019	$215,282	$322,928	$4,092,670	$-107,646
2018	$196,269	$327,855	$4,195,800	$-131,586