RIDGEBURY APARTMENTS INC C/O HANDS

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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

MATTHEW W GOOD

Phone

8144533333

Tax Period

2024-04-01 to 2025-03-31

RIDGEBURY APARTMENTS INC C/O HANDS, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $371K in total revenue in fiscal year 2024. Expenses of $513K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE AND MAINTAIN 45 AFFORDABLE INDEPENDENT RENTAL HOUSING UNITS FOR ELDERLY INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $454,929 Revenue: $234,925

RIDGEBURY APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES (HANDS) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO ELDERLY INDIVIDUALS IN ERIE, PA.

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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 $128,124

Program Service Revenue $224,840

Investment Income $8,028

Other Revenue $10,085

TOTAL REVENUE $371,077

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $454,929

Other Expenses $513,248

TOTAL EXPENSES $513,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,077	$347,440	+0.1%
Expenses	$513,248	$484,697	+0.1%
Net Income	$-142,171	$-137,257	+0.0%

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
MELISSA GRUCZA	CHAIR	1.00	Officer Director	$0	$0	$0
JOE BLOOMSTINE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SISTER MARIANNE STUCKERT	SECRETARY	1.00	Officer Director	$0	$0	$0
CINDY K STONE	TREASURER	1.00	Officer Director	$0	$0	$0
ALMITRA CLERKIN	DIRECTOR THROUGH APR 2024	1.00	Director	$0	$0	$0
MICHELLE HARKINS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE JARUSZEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MASSEY	DIRECTOR FROM APR 2024	1.00	Director	$0	$0	$0
SHARON RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
CECELIA SHATEM	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHERBONDY	DIRECTOR FROM MAY 2024	1.00	Director	$0	$0	$0
JOHN VANTASSEL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VILLA	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	$371,077	$513,248	$3,560,896	$-142,171
2024	$347,440	$484,697	$3,711,472	$-137,257
2023	$324,414	$485,164	$3,841,816	$-160,750
2022	$315,504	$474,683	$4,000,041	$-159,179
2021	$307,398	$459,692	$4,159,110	$-152,294
2020	$310,390	$408,765	$4,308,873	$-98,375
2019	$297,571	$408,149	$4,411,408	$-110,578