RESIDENT RESOURCES NETWORK 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

2011

Legal Domicile

Principal Officer

L SHON BURCH

Phone

6148634640

Tax Period

2023-01-01 to 2023-12-31

RESIDENT RESOURCES NETWORK INC, founded in 2011, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $1.7M, a strong 62% operating margin.

Mission

RESIDENT RESOURCES NETWORK, INC. AIMS TO BECOME THE REGIONAL LEADER IN BREAKING THE CYCLE OF GENERATIONAL POVERTY WITHIN THE AFFORDABLE HOUSING COMMUNITIES WE SERVE. WE ACHIEVE THIS BY BEING A RESOURCE NETWORK FOR RESIDENTS WHO ARE IN NEED OF SUPPORTIVE SERVICES (I.E. EDUCATION, EMPLOYMENT, HEALTH, ETC.) AND BY PROVIDING A SAFE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $576,674 Revenue: $258,099

PROVIDING RESOURCE SERVICE AND ASSISTANCE FOR THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED AND SOCIALLY CHALLENGED IN THE AREAS OF EMPLOYMENT, EDUCATION, SAFETY AND FAMILY AND INDIVIDUAL...

PROVIDING RESOURCE SERVICE AND ASSISTANCE FOR THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED AND SOCIALLY CHALLENGED IN THE AREAS OF EMPLOYMENT, EDUCATION, SAFETY AND FAMILY AND INDIVIDUAL HEALTH.

Program 2

Expenses: $321,323 Revenue: $1,953,359

TO PURCHASE, DEVELOP, LEASE, FINANCE, OWN AND SELL REAL PROPERTY OR INTERESTS IN REAL PROPERTY IN ORDER TO FOSTER LOW INCOME HOUSING AND OTHER HOUSING FROM THE ELDERLY, ECONOMICALLY DISADVANTAGED...

TO PURCHASE, DEVELOP, LEASE, FINANCE, OWN AND SELL REAL PROPERTY OR INTERESTS IN REAL PROPERTY IN ORDER TO FOSTER LOW INCOME HOUSING AND OTHER HOUSING FROM THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED OR OTHERWISE PHYSICALLY, MENTALLY OR SOCIALLY CHALLENGED.

Program 3

Expenses: $14,876

OTHER PROGRAM

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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 $398,359

Program Service Revenue $2,211,458

Investment Income $138,843

Other Revenue $0

TOTAL REVENUE $2,748,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,680

Fundraising Expenses $5,581

Program Expenses $912,873

Other Expenses $560,034

TOTAL EXPENSES $1,032,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,748,660	$3,366,691	-0.2%
Expenses	$1,032,714	$886,956	+0.2%
Net Income	$1,715,946	$2,479,735	-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

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

$119,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
L SHON BURCH	EXECUTIVE DIRECTOR- NON - VOTING	40.00	Officer	$108,989	$10,802	$119,791
MARY PATTON	SR. VICE PRESIDENT - NON - VOTING	2.50	Officer Director	$0	$0	$0
KAMRAN ALI	VP OF TRANSMISSION & TELECOMMUNICATION PLANNING	2.50	Officer Director	$0	$0	$0
BILL HINGA	SENIOR VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
AMY DRISCOLL	CHIEF FINANCIAL OFFICER	2.50	Officer Director	$0	$0	$0
ITZIA JOHNSON	COMMUNITY LENDING ADVISOR	2.50	Director	$0	$0	$0
ALLYSON CROXTON	BOARD FELLOW - NON - VOTING	2.50	Director	$0	$0	$0
MATTHEW LEDER	BOARD FELLOW - NON - VOTING	2.50	Director	$0	$0	$0
RAMONA WHEELER	MANAGING DIRECTOR	2.50	Director	$0	$0	$0
MARILYN STRIBLING	RESIDENT - NON-VOTING	2.50	Director	$0	$0	$0
MARIA BHEN	RESIDENT - NON-VOTING	2.50	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	No data	No data	No data	No data
2023	$2,748,660	$1,032,714	$16,367,686	$1,715,946
2022	$3,366,691	$886,956	$14,127,854	$2,479,735
2021	$1,601,227	$516,523	$9,374,986	$1,084,704
2020	$1,055,353	$1,137,104	$5,238,422	$-81,751
2019	$1,471,491	$634,778	$3,499,093	$836,713
2018	$1,096,002	$910,113	$827,431	$185,889