RIVERVIEW AVENUE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 474955846) - 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

2015

Legal Domicile

Principal Officer

KYLE LYSKAWA

Phone

3154241821

Tax Period

2023-01-01 to 2023-12-31

RIVERVIEW AVENUE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $310K in total revenue in fiscal year 2023. The organization ran a surplus of $146K, a strong 47% operating margin.

Mission

FINANCING FOR LOW INCOME HOUSING PROJECT.

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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 $233,625

Program Service Revenue $0

Investment Income $76,808

Other Revenue $0

TOTAL REVENUE $310,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $163,104

Other Expenses $164,604

TOTAL EXPENSES $164,604

Year-over-Year Comparison

	2023	2022	Change
Revenue	$310,433	$308,923	+0.0%
Expenses	$164,604	$172,524	0.0%
Net Income	$145,829	$136,399	+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

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
JUSTIN RUDGICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIE WALSH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KYLE LYSKAWA	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2023	$310,433	$164,604	$3,944,572	$145,829
2022	$308,923	$172,524	$3,867,754	$136,399
2021	$305,720	$175,948	$3,787,002	$129,772
2020	$306,035	$178,894	$3,716,429	$127,141
2019	$304,680	$181,707	$3,642,519	$122,973
2018	$303,624	$184,377	$3,571,464	$119,247

RIVERVIEW AVENUE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC