RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION GROUP (EIN 454799736) - 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

1975

Legal Domicile

Principal Officer

JENNIFER HOFSTETTER

Phone

7074631975

Tax Period

2023-11-01 to 2024-10-31

RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION GROUP, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M exceeded revenue, resulting in a 20% operating deficit.

Mission

RCHDC'S MISSION IS TO PROVIDE DECENT AND AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS.

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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 $651,827

Program Service Revenue $557,809

Investment Income $757

Other Revenue $0

TOTAL REVENUE $1,210,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,341,043

Other Expenses $1,455,685

TOTAL EXPENSES $1,455,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,210,393	$1,104,559	+0.1%
Expenses	$1,455,685	$1,333,347	+0.1%
Net Income	$-245,292	$-228,788	+0.1%

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

$305,261

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON LEFEBVRE	CHAIRPERSON	0.15	Officer Director	$0	$0	$0
RICHARD HENDERSON	VICE CHAIRPERSON	0.15	Officer Director	$0	$0	$0
CHARLOTTE WATKINS	SECRETARY	0.15	Officer Director	$0	$0	$0
GARY MIRATA	TREASURER	0.15	Officer Director	$0	$0	$0
AMANDA PARDINI	DIRECTOR	0.15	Director	$0	$0	$0
MIKE PALLESEN	DIRECTOR	0.15	Director	$0	$0	$0
FU LIN CHANG	DIRECTOR	0.15	Director	$0	$0	$0
RYAN LARUE	CEO	2.00	Officer	$0	$0	$150,535
JENNIFER HOFSTETTER	CFO	2.00	Officer	$0	$32,291	$154,726

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	$1,210,393	$1,455,685	$6,787,824	$-245,292
2023	$1,104,559	$1,333,347	$6,902,015	$-228,788
2022	$1,039,615	$1,181,163	$6,953,714	$-141,548
2021	$1,040,402	$1,159,211	$6,958,647	$-118,809
2020	$1,001,061	$1,137,859	$6,990,580	$-136,798
2019	$993,587	$1,076,331	$7,100,613	$-82,744
2018	$930,111	$1,295,940	$7,107,601	$-365,829

RURAL COMMUNITIES HOUSING DEVELOPMENT CORPORATION GROUP