RASA II ECONOMIC DEVELOPMENT CORPO… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

LESLIE R WHITE

Phone

3034426380

Tax Period

2023-07-01 to 2024-06-30

RASA II ECONOMIC DEVELOPMENT CORPORATION, founded in 2001, is a small nonprofit in the Crime & Legal sector that reported $897K in total revenue in fiscal year 2023.

Mission

PROVIDES AFFORDABLE HOUSING FOR INDIVIDUALS, FAMILIES, AND HANDICAPPED INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $809,575 Revenue: $892,076

PROVIDES AFFORDABLE HOUSING TO INDIVIDUAL FAMILIIES, AND HANDICAPPED INDIVIDUALS BY OWNING AND OPERATING 72 RENTAL HOUSING UNITS.

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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 $0

Program Service Revenue $892,076

Investment Income $5,039

Other Revenue $0

TOTAL REVENUE $897,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $135,723

Fundraising Expenses $0

Program Expenses $809,575

Other Expenses $758,768

TOTAL EXPENSES $894,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$897,115	N/A	N/A
Expenses	$894,491	N/A	N/A
Net Income	$2,624	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLIE R WHITE	President	15.00	Officer	$0	$0	$0
CHERYL V FRANKLIN	Secretary	0.00	Officer	$0	$0	$0
WALTER PORTER	Treasurer	0.00	Officer	$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	No data	No data	No data	No data
2024	$897,115	$894,491	$2,349,075	$2,624
2023	$935,961	$743,673	$2,407,352	$192,288
2022	$876,632	$728,582	$2,250,807	$148,050
2021	$825,102	$658,892	$2,135,980	$166,210
2020	$647,479	$609,003	$1,981,545	$38,476
2018	$624,204	$589,959	$2,055,005	$34,245

RASA II ECONOMIC DEVELOPMENT CORPORATION