RIVIERA BEACH CDC INC (EIN 455191643) - 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

2012

Legal Domicile

Principal Officer

ANNETTA JENKINS

Tax Period

2023-10-01 to 2024-09-30

RIVIERA BEACH CDC INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $623K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $300K, a strong 48% operating margin.

Mission

Building neighborhoods that are resilient, safe, innovative, and beautiful by creating opportunities for all in Riviera Beach. The primary purpose is to acquire, rehabilitate, and operate affordable housing units; to provide safe, sanitary, and decent affordable housing.

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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 $530,464

Program Service Revenue $85,500

Investment Income $0

Other Revenue $7,059

TOTAL REVENUE $623,023

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $225,914

Other Expenses $322,811

TOTAL EXPENSES $322,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$623,023	$841,100	-0.3%
Expenses	$322,811	$252,499	+0.3%
Net Income	$300,212	$588,601	-0.5%

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

$385,253

Total Directors

$385,253

Key Employees

$180,796

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SCOTT EVANS	PRESIDENT	Officer Director	$0	$16,376	$204,457
ANNETTA JENKINS	EXECUTIVE DIRECTOR	Officer Director Key Emp	$0	$16,375	$180,796
JAMIL NEWEL	BOARD MEMBER	Director	$0	$0	$0
TARI F BOLDIN	BOARD MEMBER	Director	$0	$0	$0
BRUCE HERRING	BOARD MEMBER	Director	$0	$0	$0
TAKESHA SAFFOLD	BOARD MEMBER	Director	$0	$0	$0
ERIKA DAVIS	BOARD MEMBER	Director	$0	$0	$0
MARVELOUS WASHINGTON	BOARD MEMBER	Director	$0	$0	$0
DELFINA DANZIQUE	BOARD MEMBER	Director	$0	$0	$0
PIERRE RODRIGUEZ	BOARD MEMBER	Director	$0	$0	$0
HYACINTHIA BECTON	EXECUTIVE COMMITTEE AT-LARGE	Director	$0	$0	$0
VERDINA COLEMAN	EXECUTIVE COMMITTEE AT LARGE	Director	$0	$0	$0
MALACHI KNOWLES	TREASURER SECRETARY	Director	$0	$0	$0
DARRYL LEONARD	CHAIRMAN	Director	$0	$0	$0
JORDIA SPENCE	BOARD MEMBER	Director	$0	$0	$0
DELORES JONES	BOARD MEMBER	Director	$0	$0	$0
ELIZABETH P ROBINSON	BOARD MEMBER	Director	$0	$0	$0
JEFFERY JACKSON	REPRESENTATIVE		$0	$0	$0
DARREN STUDSTILL	BOARD MEMBER		$0	$0	$0
WILLIAM A WYLY	BOARD MEMBER		$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	$623,023	$322,811	$2,803,191	$300,212
2023	$841,100	$252,499	$2,442,352	$588,601
2022	$587,827	$333,876	$1,855,155	$253,951
2021	$866,809	$542,455	$1,880,111	$324,354
2020	$539,361	$342,589	$1,800,715	$196,772
2019	$618,936	$445,921	$1,928,047	$173,015
2018	$387,189	$282,250	$1,701,553	$104,939

RIVIERA BEACH CDC INC