R3 DEVELOPMENT NFP

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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

2015

Legal Domicile

Principal Officer

DAVE KUNTZ

Phone

6182151005

Tax Period

2024-01-01 to 2024-12-31

R3 DEVELOPMENT NFP, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $671K in total revenue in fiscal year 2024. Expenses of $643K left a modest 4% surplus.

Mission

EMPOWERING EAST ST. LOUIS YOUTH THROUGH EDUCATION, WORKFORCE DEVELOPMENT, AND THE CREATION OF AFFORDABLE HOUSING SOLUTIONS TO BUILD A MORE RESILIENT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $372,577 Revenue: $32,667

AS A VEHICLE FOR JOB-TRAINING AND COMMUNITY TRANSFORMATION, R3 EMPLOYS YOUTH TO REHAB BLIGHTED OR DILAPIDATED PROPERTIES IN EAST ST. LOUIS, ILLINOIS. WE EDUCATE, EMPLOY, AND TRAIN YOUTH TO GROW IN...

AS A VEHICLE FOR JOB-TRAINING AND COMMUNITY TRANSFORMATION, R3 EMPLOYS YOUTH TO REHAB BLIGHTED OR DILAPIDATED PROPERTIES IN EAST ST. LOUIS, ILLINOIS. WE EDUCATE, EMPLOY, AND TRAIN YOUTH TO GROW IN HEALTHY RELATIONSHIPS AS WELL AS EMPOWER THEM WITH SKILLS NEEDED TO SUCCESSFULLY ENTER THE WORKFORCE. WE SPECIALIZE IN CONSTRUCTION TRADES TRAINING AND AFFORDABLE HOUSING SERVICES, AND WE HOST PROGRAMS THAT FOSTER RACIAL RECONCILIATION ACROSS THE ST. LOUIS REGION.

Program 2

Expenses: $137,162

R3 CAREERS ACADEMY YOUTHBUILD PROVIDES ALTERNATIVE EDUCATION FOR OPPORTUNITY YOUTH AGES 16-21, WHO NEED SPECIALIZED HELP OBTAINING THEIR HIGH SCHOOL DIPLOMA AND PREPARING FOR THEIR FUTURE. THE...

R3 CAREERS ACADEMY YOUTHBUILD PROVIDES ALTERNATIVE EDUCATION FOR OPPORTUNITY YOUTH AGES 16-21, WHO NEED SPECIALIZED HELP OBTAINING THEIR HIGH SCHOOL DIPLOMA AND PREPARING FOR THEIR FUTURE. THE PROGRAM PROVIDES ACADEMIC REMEDIATION, CONSTRUCTION CREDENTIALS, AND OVERALL CAREER, LIFE, AND LEADERSHIP TRAINING.

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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 $638,231

Program Service Revenue $26,499

Investment Income $0

Other Revenue $6,168

TOTAL REVENUE $670,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,349

Fundraising Expenses $18,267

Program Expenses $509,739

Other Expenses $341,831

TOTAL EXPENSES $643,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$670,898	$679,300	0.0%
Expenses	$643,180	$600,958	+0.1%
Net Income	$27,718	$78,342	-0.6%

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

Volunteers

250

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
DJ MERNICK	President	10.00	Officer Director	$0	$0	$0
JOHNATHAN TATE	Treasurer	1.00	Officer Director	$0	$0	$0
SHIRLEY SIMMONS	Secretary	1.00	Officer Director	$0	$0	$0
EDITH LAKTZIAN	Director	1.00	Director	$0	$0	$0
CARISSA STERLING	Director	1.00	Director	$0	$0	$0
BRIAN WOODWARD	Director	1.00	Director	$0	$0	$0
BRIAN STANLEY	Director	1.00	Director	$0	$0	$0
EMILY PALM	Director	1.00	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	$670,898	$643,180	$560,340	$27,718
2023	$679,300	$600,958	$487,277	$78,342
2022	$455,057	$453,819	$386,484	$1,238
2021	$419,399	$391,052	$414,350	$28,347
2020	$314,410	$341,196	$418,053	$-26,786
2019	$303,319	$288,895	$585,689	$14,424
2019	$303,319	$288,895	$585,689	$14,424
2018	$472,670	$411,973	$267,568	$60,697