RESOURCE CENTER APARTMENTS INC (EIN 311307922) - 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

1988

Legal Domicile

Principal Officer

MARK HUFF

Phone

9373907980

Tax Period

2024-07-01 to 2025-06-30

RESOURCE CENTER APARTMENTS INC, founded in 1988, is a small nonprofit in the Human Services sector that reported $123K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO OWN AND OPERATE A 16-UNIT AFFORDABLE HOUSING COMPLEX IN SPRINGFIELD, OHIO TO SERVE RESIDENTS WITH MENTAL HEALTH ILLNESS.

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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 $123,239

Investment Income $9

Other Revenue $0

TOTAL REVENUE $123,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $121,007

Other Expenses $127,461

TOTAL EXPENSES $127,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$123,248	$131,814	-0.1%
Expenses	$127,461	$120,519	+0.1%
Net Income	$-4,213	$11,295	-1.4%

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

N/A

Employees

N/A

Volunteers

N/A

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

$312,202

Total Directors

$381,811

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY RIGGER	SECRETARY	1.00	Officer Director	$0	$7,042	$146,210
JILL SOKOLNICKI	VICE PRESIDENT	1.00	Officer Director	$0	$4,713	$120,591
LYNN CORESSEL	PRESIDENT	20.00	Officer Director	$0	$2,208	$45,401
VANESSA PENCE	TRUSTEE	1.00	Director	$0	$0	$69,609

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	$123,248	$127,461	$310,884	$-4,213
2024	$131,814	$120,519	$331,380	$11,295
2023	$140,965	$126,853	$349,805	$14,112
2022	$130,017	$133,093	$361,651	$-3,076
2021	$138,118	$123,095	$384,007	$15,023
2020	$140,964	$129,707	$397,019	$11,257
2019	$136,367	$127,685	$408,271	$8,682

RESOURCE CENTER APARTMENTS INC