RIVERSIDE COMMUNITY HOUSING CORP (EIN 330679258) - 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

1992

Legal Domicile

Principal Officer

CARRIE HARMON

Phone

9513435403

Tax Period

2018-07-01 to 2019-06-30

RIVERSIDE COMMUNITY HOUSING CORP, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $5.1M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $5.8M exceeded revenue, resulting in a 14% operating deficit.

Mission

RIVERSIDE COMMUNITY HOUSING CORPORATION (RCHC) IS A COMMUNITY BASED NOT-FOR-PROFIT CORPORATION WHICH WORKS TO REVITALIZE NEIGHBORHOODS THROUGHOUT RIVERSIDE COUNTY BY IMPROVING THE QUANTITY, QUALITY, AND CONDITION OF AFFORDABLE HOUSING OPPORTUNITIES AVAILABLE FOR LOW INCOME HOUSEHOLDS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,503,147

Program Service Revenue $2,256,896

Investment Income $234

Other Revenue $358,679

TOTAL REVENUE $5,118,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,678,278

Fundraising Expenses $0

Program Expenses $4,958,248

Other Expenses $4,154,956

TOTAL EXPENSES $5,833,234

Year-over-Year Comparison

	2018	2017	Change
Revenue	$5,118,956	$4,424,653	+0.2%
Expenses	$5,833,234	$5,539,267	+0.1%
Net Income	$-714,278	$-1,114,614	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HEWITT	SUPERVISOR	2.00	Director	$0	$0	$0
KEVIN JEFFRIES	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KAREN SPIEGEL	SUPERVISOR	2.00	Director	$0	$0	$0
CHUCK WASHINGTON	SUPERVISOR	2.00	Director	$0	$0	$0
V MANUEL PEREZ	VICE-CHAIRPERSON	2.00	Officer Director	$0	$0	$0
CARRIE HARMON	COO	2.00	Officer	$0	$0	$0
MICHELE JORDAN	CFO	10.00	Officer	$0	$0	$0
ROBERT FIELD	CEO	2.00	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
2019	$5,118,956	$5,833,234	$11,750,399	$-714,278

RIVERSIDE COMMUNITY HOUSING CORP