Providence Rivendell Court Apartments Inc

EIN: 273895410 501(c)(3)

Rochester, NY

Total Revenue
$583,273
Total Expenses
$159,094
Total Assets
$727,382
Net Assets
$727,369
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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
NY
Principal Officer
Dan Sturgis
Phone
5855299555
Tax Period
2024-01-01 to 2024-12-31

Providence Rivendell Court Apartments Inc, founded in 2010, is a small nonprofit that reported $583K in total revenue in fiscal year 2024. Revenue surged 321% from the prior year, signaling strong growth momentum. The organization ran a surplus of $424K, a strong 73% operating margin.

Mission

Provide quality supportive housing to low and very low income individuals and families who are homeless and in recovery from substance abuse.

Program Service Accomplishments

Program 1
Expenses: $138,123 Revenue: $134,299

Provided 19 homeless households with quality affordable rental housing for most of 2024. In 2024, all existing low income housing property has been liquidated.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $128,083
Investment Income $448,974
Other Revenue $6,216
TOTAL REVENUE $583,273

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $138,123
Other Expenses $159,094
TOTAL EXPENSES $159,094

Year-over-Year Comparison

2024 2023 Change
Revenue $583,273 $138,399 +3.2%
Expenses $159,094 $200,638 -0.2%
Net Income $424,179 $-62,239 -7.8%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$389,787
Total Directors
3
$389,787
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Greisberger President 0.10
Officer Director
$0 $2,608 $68,690
Helen Bianchi Secretary 0.10
Officer Director
$0 $15,549 $159,974
Dan Sturgis Treasurer 0.10
Officer Director
$0 $5,955 $161,123
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 $583,273 $159,094 $727,382 $424,179
2023 $138,399 $200,638 $1,090,991 $-62,239
2022 $588,957 $152,182 $1,242,961 $436,775
2021 $126,516 $130,334 $728,113 $-3,818
2020 $127,346 $174,104 $746,766 $-46,758
2019 $137,459 $140,354 $817,701 $-2,895
2018 $136,154 $138,422 $823,009 $-2,268
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