EAST RIDGE COURT INC HUD PROJECT (EIN 412020891) - 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

2001

Legal Domicile

Principal Officer

DAVID GRUND

Phone

3203298381

Tax Period

2024-10-01 to 2025-09-30

EAST RIDGE COURT INC HUD PROJECT, founded in 2001, is a small nonprofit in the Human Services sector that reported $137K in total revenue in fiscal year 2024. Expenses of $181K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY INDIVIDUALS IN AN APARTMENT SETTING AND RELATED SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS AND PROVIDE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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 $63,010

Program Service Revenue $74,315

Investment Income $54

Other Revenue $0

TOTAL REVENUE $137,379

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,942

Other Expenses $181,060

TOTAL EXPENSES $181,060

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,379	$138,512	0.0%
Expenses	$181,060	$157,515	+0.1%
Net Income	$-43,681	$-19,003	+1.3%

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

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
JANE DIKKEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GRUND	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA NEUTGENS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BARBARA NOVOTNY	DIRECTOR	1.00	Director	$0	$0	$0
KRIS PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WILLIAMS	DIRECTOR	1.00	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	$137,379	$181,060	$764,485	$-43,681
2024	$138,512	$157,515	$787,610	$-19,003
2023	$122,844	$171,111	$809,744	$-48,267
2022	$203,144	$251,540	$856,514	$-48,396
2021	$113,173	$148,751	$872,191	$-35,578
2020	$115,855	$143,939	$911,409	$-28,084
2019	$105,710	$148,674	$938,126	$-42,964
2018	$109,715	$155,240	$986,777	$-45,525

EAST RIDGE COURT INC HUD PROJECT