BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC (EIN 452155957) - 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

2011

Legal Domicile

Principal Officer

MIRAM RACCAH

Phone

2125682030

Tax Period

2024-01-01 to 2024-12-31

BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $814K in total revenue in fiscal year 2024. Expenses of $1.2M exceeded revenue, resulting in a 46% operating deficit.

Mission

OPERATION OF THE 82 APARTMENT LOW-INCOME RIO HOUSING PROJECT LOCATED AT 10 FORT WASHINGTON AVE.

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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 $793,832

Investment Income $19,717

Other Revenue $0

TOTAL REVENUE $813,549

Expense Breakdown

Grants Paid $280,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,097,672

Other Expenses $908,795

TOTAL EXPENSES $1,188,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$813,549	$778,647	+0.0%
Expenses	$1,188,795	$1,152,106	+0.0%
Net Income	$-375,246	$-373,459	+0.0%

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

$710,441

Total Directors

$289,078

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLENE MELVILLE	PRESIDENT	2.00	Officer Director	$0	$31,386	$289,078
ALAN WEIL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID NATHANSON	TREASURER/SECRETARY	2.00	Officer	$0	$39,418	$244,625
JAN PETRIGAN	DIRECTOR OF OPERATIONS	2.00	Officer	$0	$22,874	$176,738

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	$813,549	$1,188,795	$3,193,170	$-375,246
2023	$778,647	$1,152,106	$3,454,514	$-373,459
2022	$796,246	$1,142,398	$3,861,415	$-346,152
2021	$836,346	$1,368,556	$4,203,919	$-532,210
2020	$804,314	$909,255	$4,731,399	$-104,941
2019	$910,473	$695,450	$4,798,544	$215,023
2018	$827,806	$738,594	$4,738,459	$89,212

BROADWAY RIO HOUSING DEVELOPMENT FUND COMPANY INC