RHE PROPERTIES INC (EIN 273649738) - 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

2010

Legal Domicile

Principal Officer

CHRISTELE ETIENBLA

Phone

3014246265

Tax Period

2024-01-01 to 2024-12-31

RHE PROPERTIES INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $988K in total revenue in fiscal year 2024. Net assets of $12.7M represent 154 months of operating reserves.

Mission

RHE'S PRINCIPLE MISSION IS THE CREATION AND SUSTAINABILITY OF AFFORDABLE HOUSING IN THE CITY OF ROCKVILLE, MD.

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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 $984,338

Investment Income $0

Other Revenue $3,405

TOTAL REVENUE $987,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,044,381

Other Expenses $1,044,381

TOTAL EXPENSES $1,044,381

Year-over-Year Comparison

	2024	2023	Change
Revenue	$987,743	$1,007,832	0.0%
Expenses	$1,044,381	$1,081,799	0.0%
Net Income	$-56,638	$-73,967	-0.2%

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

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

$230,862

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY BYRD	DIRECTOR	1.00	Director	$0	$0	$0
ED DUFFY	VICE CHAIRPERSON/DIRECTOR	1.00	Officer Director	$0	$0	$0
KAPRES MEADOWS	DIRECTOR	1.00	Director	$0	$0	$0
MAYELA NGIMBI	DIRECTOR	1.00	Director	$0	$0	$0
STACY KAPLOWITZ	CHAIRPERSON/DIRECTOR	1.00	Officer Director	$0	$0	$0
CHRISTELE ETIENBLA	EXECUTIVE DIRECTOR	1.00	Officer	$0	$17,637	$191,221
JESSICA ANDERSON	OUTGOING EXECUTIVE DIRECTOR	1.00	Officer	$0	$2,842	$39,641

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	$987,743	$1,044,381	$13,053,309	$-56,638
2023	$1,007,832	$1,081,799	$13,044,006	$-73,967
2022	$887,261	$942,029	$13,091,260	$-54,768
2021	$12,820,567	$21,585	$13,154,507	$12,798,982

RHE PROPERTIES INC