HADC Ridgeway (EIN 411897376) - 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

1998

Legal Domicile

Principal Officer

Paul Abzug

Phone

9524731103

Tax Period

2024-04-01 to 2025-03-31

HADC Ridgeway, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $26K in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $32K exceeded revenue, resulting in a 21% operating deficit.

Mission

Owns, manages, and operates low to moderate income housing.

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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 $0

Program Service Revenue $6,472

Investment Income $19,746

Other Revenue $0

TOTAL REVENUE $26,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,592

Fundraising Expenses $0

Program Expenses $19,949

Other Expenses $30,012

TOTAL EXPENSES $31,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,218	$5,596,912	-1.0%
Expenses	$31,604	$2,953,912	-1.0%
Net Income	$-5,386	$2,643,000	-1.0%

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

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

$403,149

Total Directors

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Curtis Geissler	Chairman	0.50	Officer Director	$0	$0	$12,000
Brian Weisberg	Treasurer	0.50	Officer Director	$0	$0	$12,000
William Hyers	Secretary	0.50	Officer Director	$0	$0	$12,000
Paul Abzug	CEO/President	10.00	Officer	$0	$22,587	$367,149

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	$26,218	$31,604	$778,609	$-5,386
2024	$5,596,912	$2,953,912	$776,982	$2,643,000
2023	$4,662,716	$5,149,397	$7,029,059	$-486,681
2022	$4,188,248	$4,812,649	$7,093,558	$-624,401
2021	$4,289,296	$4,784,524	$7,076,297	$-495,228
2020	$4,370,351	$4,390,335	$7,219,429	$-19,984
2019	$4,109,150	$4,081,348	$7,323,301	$27,802
2018	$4,000,505	$4,001,816	$7,493,007	$-1,311

HADC Ridgeway