RIC REDBUD APARTMENTS INC (EIN 264499876) - 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

2009

Legal Domicile

Principal Officer

KIM MAGUIRE

Phone

7048666766

Tax Period

2023-07-01 to 2024-06-30

RIC REDBUD APARTMENTS INC, founded in 2009, is a micro nonprofit in the Housing & Shelter sector that reported $100K in total revenue in fiscal year 2023. Expenses of $130K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO OWN AND OPERATE A 9-UNIT APARTMENT COMPLEX UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1959.

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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 $73,677

Program Service Revenue $25,534

Investment Income $392

Other Revenue $0

TOTAL REVENUE $99,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,863

Other Expenses $130,473

TOTAL EXPENSES $130,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,603	$94,567	+0.1%
Expenses	$130,473	$118,527	+0.1%
Net Income	$-30,870	$-23,960	+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

N/A

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
KIM MAGUIRE	PRESIDENT	0.00	Officer Director	$0	$0	$0
TIM FARRIS	DIRECTOR	0.00	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	$99,603	$130,473	$981,606	$-30,870
2023	$94,567	$118,527	$1,015,007	$-23,960
2022	$92,271	$121,241	$1,035,864	$-28,970
2021	$88,897	$122,162	$1,067,071	$-33,265
2020	$89,043	$120,954	$1,099,286	$-31,911
2019	$88,936	$115,637	$1,131,279	$-26,701

RIC REDBUD APARTMENTS INC