RIVERSIDE HOUSING DEVELOPMENT CORPORATION (EIN 330468093) - 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

1991

Legal Domicile

Principal Officer

BRUCE KULPA

Phone

9513416585

Tax Period

2024-07-01 to 2025-06-30

RIVERSIDE HOUSING DEVELOPMENT CORPORATION, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $4.8M in total revenue in fiscal year 2024.

Mission

ORGANIZED FOR THE DEVELOPMENT AND OPERATION OF HOUSING THAT IS AFFORDABLE TO LOW & MODERATE INCOME PEOPLE WITHIN RIVERSIDE & SAN BERNARDINO COUNTIES, LESSENING THE BURDEN OF THE GOVERNMENT, COMBATING COMMUNITY DETORIORATION, & ELIMINATING NEIGHBORHOOD BLIGHT.

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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 $294,091

Program Service Revenue $4,387,653

Investment Income $83,270

Other Revenue $79,814

TOTAL REVENUE $4,844,828

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,597,686

Fundraising Expenses $0

Program Expenses $3,873,790

Other Expenses $3,407,675

TOTAL EXPENSES $5,005,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,844,828	$4,892,424	0.0%
Expenses	$5,005,361	$5,361,477	-0.1%
Net Income	$-160,533	$-469,053	-0.7%

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

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

$281,157

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON BROWN	CEO	2.00	Officer Director	$0	$0	$0
RALPH MEGNA	CHAIRMAN	2.00	Officer Director	$0	$0	$0
PETER BENAVIDEZ	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
JAIME HURTADO	MEMBER	2.00	Director	$0	$0	$0
RUSTY BAILEY	MEMBER	2.00	Director	$0	$0	$0
BILL BOGLE	MEMBER	2.00	Director	$0	$0	$0
KEVIN RANDOLPH	MEMBER	2.00	Director	$0	$0	$0
MAURICE OLIVA	MEMBER	2.00	Director	$0	$0	$0
KEVIN RAWLS	MEMBER	2.00	Director	$0	$0	$0
RICHARD SANDOVAL	MEMBER	2.00	Director	$0	$0	$0
KATHLEEN BANDA	MEMBER	2.00	Director	$0	$0	$0
ANDY MELENDEZ	MEMBER	2.00	Director	$0	$0	$0
ROAY MAYES	MEMBER	2.00	Director	$0	$0	$0
STEVE SANDERS	MEMBER	2.00	Director	$0	$0	$0
KEVIN MOONEY	MEMBER	2.00	Director	$0	$0	$0
BRUCE KULPA	EXECUTIVE DIRECTOR	40.00	Officer	$148,533	$0	$148,533
MIRANDA HUNDLEY	COO	40.00	Officer	$132,624	$0	$132,624

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	$4,844,828	$5,005,361	$34,555,866	$-160,533
2024	$4,892,424	$5,361,477	$34,898,564	$-469,053
2023	$4,066,421	$5,013,494	$35,731,283	$-947,073
2022	$4,699,812	$4,644,796	$36,307,163	$55,016
2021	$4,567,899	$4,574,298	$35,448,091	$-6,399
2020	$4,056,855	$4,250,121	$35,172,347	$-193,266
2019	$4,125,690	$3,832,468	$34,774,012	$293,222
2018	$3,922,708	$3,906,725	$33,261,104	$15,983

RIVERSIDE HOUSING DEVELOPMENT CORPORATION