MURRAY RIDGE HOUSING CORPORATION (EIN 341711986) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

JERRY VESSALO

Phone

4402842720

Tax Period

2023-01-01 to 2023-12-31

MURRAY RIDGE HOUSING CORPORATION, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $657K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 37% operating margin.

Mission

THE CORPORATION EXISTS FOR THE PURPOSE OF DEVELOPING AFFORDABLE HOUSING FOR PERSONS WITH DEVELOPMENTAL DISABILITIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,100

Program Service Revenue $633,584

Investment Income $20,361

Other Revenue $0

TOTAL REVENUE $657,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $410,759

TOTAL EXPENSES $410,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$657,045	$401,576	+0.6%
Expenses	$410,759	$458,234	-0.1%
Net Income	$246,286	$-56,658	-5.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
JERRY VESSALO	PRESIDENT	005.00	Officer Director	$0	$0	$0
BILL FORTHOFER	TREASURER	005.00	Officer Director	$0	$0	$0
TIM MCLAUGHLIN	SECRETARY	005.00	Officer Director	$0	$0	$0
KEN OSWALD	MEMBER	005.00	Director	$0	$0	$0
PETE SHILLING	VICE-PRESIDENT	005.00	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$657,045	$410,759	$3,293,383	$246,286
2022	$401,576	$458,234	$3,102,802	$-56,658
2021	$435,485	$449,639	$3,213,377	$-14,154
2020	$664,138	$404,357	$3,286,947	$259,781

MURRAY RIDGE HOUSING CORPORATION