RED BRIDGE PLACE HOUSING CORP (EIN 431668309) - 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

1994

Legal Domicile

Principal Officer

FATHER CHARLES N ROWE

Phone

8162214377

Tax Period

2024-01-01 to 2024-12-31

RED BRIDGE PLACE HOUSING CORP, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $392K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $464K exceeded revenue, resulting in a 18% operating deficit.

Mission

LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED.

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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 $391,685

Investment Income $32

Other Revenue $0

TOTAL REVENUE $391,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,223

Fundraising Expenses $0

Program Expenses $415,374

Other Expenses $339,881

TOTAL EXPENSES $464,104

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,717	$326,725	+0.2%
Expenses	$464,104	$445,912	+0.0%
Net Income	$-72,387	$-119,187	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FATHER CHARLES N ROWE	PRESIDENT	0.40	Officer Director	$0	$0	$0
DOUG EVENSON	VICE PRESIDENT	0.40	Officer Director	$0	$0	$0
ANGELA LAVILLE	BOARD MEMBER	0.40	Director	$0	$0	$0
KAREN NOEL	SECRETARY	0.40	Officer Director	$0	$0	$0
SUNNY JONES	TREASURER	0.40	Officer Director	$0	$0	$0
TARA MCGRANAGHAN	BOARD MEMBER	0.40	Director	$0	$0	$0
LON BOOHER	BOARD MEMBER	0.40	Director	$0	$0	$0
VICTOR AMMONS	BOARD MEMBER	0.40	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	$391,717	$464,104	$329,144	$-72,387
2023	$326,725	$445,912	$340,167	$-119,187
2022	$323,880	$431,915	$442,970	$-108,035
2021	$316,186	$392,291	$548,741	$-76,105
2020	$331,421	$402,037	$629,330	$-70,616
2019	$328,490	$415,983	$707,387	$-87,493
2018	$309,196	$418,311	$801,269	$-109,115

RED BRIDGE PLACE HOUSING CORP