RIDGE RESIDENCES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

FRANCES ROCK

Phone

4108733433

Tax Period

2023-10-01 to 2024-09-30

RIDGE RESIDENCES INC, founded in 1984, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $981K left a modest 14% surplus.

Mission

TO PROVIDE HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $890,142 Revenue: $391,292

THE ORGANIZATION OWNS AN APARTMENT COMPLEX OF 80 UNITS WHICH PROVIDES HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY. THE COMPLEX IS OPERATED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND...

THE ORGANIZATION OWNS AN APARTMENT COMPLEX OF 80 UNITS WHICH PROVIDES HOUSING FACILITIES FOR THE LOW-INCOME ELDERLY. THE COMPLEX IS OPERATED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND PARTICIPATES IN THE SECTION 8 HOUSING ASSISTANCE PAYMENT PROGRAM. SUCH FACILITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $728,100

Program Service Revenue $391,324

Investment Income $14,811

Other Revenue $0

TOTAL REVENUE $1,134,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,334

Fundraising Expenses $0

Program Expenses $890,142

Other Expenses $770,426

TOTAL EXPENSES $980,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,134,235	$1,076,103	+0.1%
Expenses	$980,760	$962,917	+0.0%
Net Income	$153,475	$113,186	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCES ROCK	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY FALK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANN GIFFORD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DAVID BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA CROFT	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG GILES	DIRECTOR	1.00	Director	$0	$0	$0
ETTA RAE GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
JILL HORN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ELLEN JACKLE	DIRECTOR	1.00	Director	$0	$0	$0
JANET E KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH A LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ LOWE	DIRECTOR	1.00	Director	$0	$0	$0
GERI RECK	DIRECTOR	1.00	Director	$0	$0	$0
LORNA RICE	DIRECTOR	1.00	Director	$0	$0	$0
BERTHA B SHRINER	DIRECTOR	1.00	Director	$0	$0	$0
LINWOOD VANHORN	DIRECTOR	1.00	Director	$0	$0	$0
MARK CURRY	DIRECTOR	1.00	Director	$0	$0	$0
RALPH ARNOLD	DIRECTOR	1.00	Director	$0	$0	$0
CLAUDIA RODGERS	DIRECTOR	1.00	Director	$0	$0	$0
JAN FLORA	DIRECTOR	1.00	Director	$0	$0	$0
DAVE HIGHFIELD	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	$1,134,235	$980,760	$2,443,360	$153,475
2023	$1,076,103	$962,917	$2,471,556	$113,186
2022	$1,046,680	$965,076	$2,608,349	$81,604
2021	$1,027,652	$904,032	$2,647,403	$123,620
2020	$1,026,072	$901,251	$2,636,018	$124,821
2019	$1,015,743	$918,615	$2,638,883	$97,128
2018	$1,005,015	$921,403	$2,616,032	$83,612