RISE COMMUNITY DEVELOPMENT

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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

1992

Legal Domicile

Principal Officer

COLLEEN HAFNER

Phone

3142319400

Tax Period

2023-01-01 to 2023-12-31

RISE COMMUNITY DEVELOPMENT, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 117% operating deficit.

Mission

RISE PARTNERS WITH COMMUNITIES TO BUILD STRONGER, MORE EQUITABLE ST. LOUIS AREA NEIGHBORHOODS. WE REDEVELOP AND STRENGTHEN COMMUNITIES BY PROVIDING HOUSING DEVELOPMENT SERVICES, CAPACITY-BUILDING AND FINANCING, WITH THE GOAL OF REVITALIZING ST. LOUIS NEIGHBORHOODS.

Program Service Accomplishments

Program 1

Expenses: $427,315 Revenue: $226,372

AFFORDABLE AND MIXED-INCOME HOUSING/MIXED-USE REAL ESTATE DEVELOPMENT: RISE DEVELOPS AFFORDABLE AND MIXED-INCOME HOUSING AND MIXED-USE PROPERTIES IN HISTORICALLY UNDERINVESTED AREAS OF THE ST. LOUIS REGION. WE ALSO PROVIDE AFFORDABLE HOUSING DEVELOPMENT CONSULTANT SERVICES TO NONPROFIT AND OTHERS PARTNERS ENGAGED IN COMMUNITY DEVELOPMENT IN THE ST. LOUIS METROPOLITAN AREA. THE DEVELOPMENT OF AFFORDABLE AND MARKET-RATE HOUSING IN THESE AREAS ENERGIZES THE LOCAL ECONOMY, REDUCES CRIME, IMPROVES THE COMMUNITY'S QUALITY OF LIFE AND CREATES AN ATMOSPHERE THAT SUPPORTS THE EMOTIONAL AND INTELLECTUAL DEVELOPMENT OF ITS CHILDREN. THROUGH THIS WORK, WE AIM TO INSPIRE CONFIDENCE FOR PRIVATE MARKET FORCES TO THEN FOLLOW WITH FURTHER INVESTMENT.

Program 2

Expenses: $729,032 Revenue: $105,122

COMMUNITY DEVELOPMENT TECHNICAL ASSISTANCE: RISE'S COMMUNITY DEVELOPMENT TECHNICAL ASSISTANCE PROGRAM PROVIDES TECHNICAL ASSISTANCE TO ST. LOUIS AREA COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) TO...

COMMUNITY DEVELOPMENT TECHNICAL ASSISTANCE: RISE'S COMMUNITY DEVELOPMENT TECHNICAL ASSISTANCE PROGRAM PROVIDES TECHNICAL ASSISTANCE TO ST. LOUIS AREA COMMUNITY DEVELOPMENT CORPORATIONS (CDCS) TO ENHANCE THEIR STRENGTH AND FOCUS IN NEIGHBORHOODS THAT WANT TO SEE POSITIVE CHANGES. OUR SPECIALIZED AREAS OF TECHNICAL ASSISTANCE INCLUDE: ORGANIZATIONAL ASSESSMENTS, BOARD TRAINING AND DEVELOPMENT, COMMUNITY ASSESSMENTS, ORGANIZATIONAL STRATEGIC PLANNING, ORGANIZATIONAL FINANCIAL MANAGEMENT, RESOURCE DEVELOPMENT, COMMUNITY PLANNING AND ENGAGEMENT, PROJECT PLANNING, PROGRAM PLANNING AND DEVELOPMENT, OUTCOME AND IMPACT MEASUREMENT AND ANALYSIS, HOME AND CDBG TRAINING, CHDO CERTIFICATIONS, AND GIS DATABASES AND MAPPING.

Program 3

Expenses: $280,241 Revenue: $13,455

PREDEVELOPMENT LOAN PROGRAM: RISE PROVIDES A SOURCE OF FUNDS FOR NEIGHBORHOOD-BASED NOT-FOR-PROFIT ORGANIZATIONS TO PAY COSTS INCURRED IN THE EARLY STAGES OF THEIR REAL ESTATE DEVELOPMENT PROJECTS...

PREDEVELOPMENT LOAN PROGRAM: RISE PROVIDES A SOURCE OF FUNDS FOR NEIGHBORHOOD-BASED NOT-FOR-PROFIT ORGANIZATIONS TO PAY COSTS INCURRED IN THE EARLY STAGES OF THEIR REAL ESTATE DEVELOPMENT PROJECTS WHEN CONVENTIONAL FINANCING WOULD NOT BE ABLE TO BE OBTAINED BY SUCH GROUPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $767,078

Program Service Revenue $327,880

Investment Income $40,750

Other Revenue $17,069

TOTAL REVENUE $1,152,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,369,908

Fundraising Expenses $153,572

Program Expenses $1,716,372

Other Expenses $1,137,263

TOTAL EXPENSES $2,507,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,152,777	$578,872	+1.0%
Expenses	$2,507,171	$1,666,300	+0.5%
Net Income	$-1,354,394	$-1,087,428	+0.2%

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

$667,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY CAMPBELL	CO-CHAIR	2.00	Officer Director	$0	$0	$0
JONATHAN GOLDSTEIN	CO-CHAIR	2.00	Officer Director	$0	$0	$0
W THOMAS REEVES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBRA MOORE	EX-OFICIO	2.00	Officer Director	$0	$0	$0
ANDRE ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
MAURICE ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN DUBINSKY	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY FROELICH	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HOLMES	DIRECTOR	2.00	Director	$0	$0	$0
ALLAN D IVIE IV	DIRECTOR	2.00	Director	$0	$0	$0
OPAL JONES	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER KELLY-SAEGER	DIRECTOR	2.00	Director	$0	$0	$0
ABBY KEPPLE	DIRECTOR	2.00	Director	$0	$0	$0
STEVE KRAMER	DIRECTOR	2.00	Director	$0	$0	$0
PHIL KRULL	DIRECTOR	2.00	Director	$0	$0	$0
DAVID C MASON	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MCMILLAN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID NOBLE	DIRECTOR	2.00	Director	$0	$0	$0
TASHA PETTIS-BONDS	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS J PICKEL	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
REGINALD SCOTT	DIRECTOR	2.00	Director	$0	$0	$0
HANRY HANK S WEBBER	DIRECTOR	2.00	Director	$0	$0	$0
TERRELL CARTER	PRESIDENT & EXEC. DIR. (THRU 11/23)	40.00	Officer	$139,273	$16,029	$155,302
COLLEEN HAFNER	PRESIDENT AND EXECUTIVE DIRECTOR	40.00	Officer	$75,851	$34,580	$110,431
MARK STROKER	VICE PRESIDENT	40.00	Officer	$104,050	$35,841	$139,891
JASON WARE	TREASURER (THRU 7/23)	40.00	Officer	$70,588	$5,022	$75,610
BRIAN HURD	TREASURER	40.00	Officer	$77,154	$15,002	$92,156
KATHY KINGSBURY	SECRETARY	39.00	Officer	$69,382	$24,940	$94,322

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	$1,152,777	$2,507,171	$2,087,992	$-1,354,394
2022	$578,872	$1,666,300	$195,894	$-1,087,428
2021	$1,108,819	$1,685,749	$56,423	$-576,930
2020	$1,014,320	$1,794,425	$226,667	$-780,105
2019	$869,934	$1,772,864	$136,569	$-902,930
2018	$1,145,465	$1,831,225	$241,311	$-685,760