RETIREE HOUSING OF MINNEAPOLISINC C/O RHM REAL ESTATE GROUP (EIN 363543914) - 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

1987

Legal Domicile

Principal Officer

JOHN JOYCE

Phone

2163608333

Tax Period

2024-07-01 to 2025-06-30

RETIREE HOUSING OF MINNEAPOLISINC C/O RHM REAL ESTATE GROUP, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $543K in total revenue in fiscal year 2024. Expenses of $481K left a modest 11% surplus.

Mission

TO CONSTRUCT AND OPERATE RENTAL HOUSING FOR CERTAIN QUALIFIED HANDICAPPED CITIZENS.

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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 $426,239

Program Service Revenue $116,117

Investment Income $219

Other Revenue $0

TOTAL REVENUE $542,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,900

Fundraising Expenses $0

Program Expenses $472,972

Other Expenses $394,472

TOTAL EXPENSES $481,372

Year-over-Year Comparison

	2024	2023	Change
Revenue	$542,575	$521,581	+0.0%
Expenses	$481,372	$474,946	+0.0%
Net Income	$61,203	$46,635	+0.3%

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

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
JOHN JOYCE	PRESIDENT	1.00	Officer	$0	$0	$0
NICOLE JOYCE	TREASURER	1.00	Officer	$0	$0	$0
JOHN JOYCE JR	VP	1.00	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	$542,575	$481,372	$850,287	$61,203
2024	$521,581	$474,946	$828,998	$46,635
2023	$440,144	$505,444	$832,380	$-65,300
2022	$479,555	$434,352	$919,592	$45,203
2021	$473,307	$485,330	$898,547	$-12,023
2020	$383,177	$516,956	$942,233	$-133,779
2019	$447,371	$477,090	$1,106,962	$-29,719

RETIREE HOUSING OF MINNEAPOLISINC C/O RHM REAL ESTATE GROUP