RIVER TOWN HEIGHTS INC

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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

1986

Legal Domicile

Principal Officer

DAVE DOBOSENSKI

Phone

7154830556

Tax Period

2022-10-01 to 2023-09-30

RIVER TOWN HEIGHTS INC, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $286K in total revenue in fiscal year 2022. Expenses of $250K left a modest 13% surplus.

Mission

TO PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DISABLED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $166,308 Revenue: $286,040

PROVIDE LOW-INCOME HOUSING FOR ELDERLY AND DISABLED PERSONS - 25 UNIT APARTMENT BULDINGS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $286,011

Investment Income $29

Other Revenue $0

TOTAL REVENUE $286,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,153

Fundraising Expenses $0

Program Expenses $166,308

Other Expenses $174,927

TOTAL EXPENSES $250,080

Year-over-Year Comparison

	2022	2021	Change
Revenue	$286,040	$276,756	+0.0%
Expenses	$250,080	$277,401	-0.1%
Net Income	$35,960	$-645	-56.8%

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

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
DAVE DOBOSENSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
MIKE YOUSO	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
MIKE BUCHITE	SECRETARY/TREASURER	0.30	Officer Director	$0	$0	$0
GERI AANONSEN	MEMBER	0.30	Director	$0	$0	$0
PHIL STRATMOEN	MEMBER	0.30	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
2024	No data	No data	No data	No data
2023	$286,040	$250,080	$400,139	$35,960
2023	$76,322	$63,276	$398,884	$13,046
2022	$276,756	$277,401	$418,236	$-645
2021	$275,757	$250,541	$467,991	$25,216
2020	$273,575	$237,007	$490,899	$36,568
2019	$264,891	$247,811	$491,491	$17,080
2018	$265,930	$215,880	$528,848	$50,050