RING HOUSE CORPORATION

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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

1986

Legal Domicile

Principal Officer

BRUCE J LEDERMAN

Phone

3017708438

Tax Period

2023-01-01 to 2023-12-31

RING HOUSE CORPORATION, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $8.8M in total revenue in fiscal year 2023.

Mission

The mission of Ring House Corporation is to provide to a broad spectrum of income levels across our community high quality independent residential living, that enriches residents' lives and reflects Jewish values.At Ring House, 40% of the apartments are set-aside to be internally subsidized at or below market rates for low to moderate income seniors who would otherwise not be able to live in this outstanding community. At Ring House, seniors in need of a supportive environment benefit from: Nourishing breakfast and evening meals; Access to on-site medical and rehabilitation services; A supportive environment that fosters independence, including extensive cultural and social programs, bus transportation, 24-hour security, fitness center, Internet access; Jewish values that honor and respect our elders, and kosher meals.Ring House is part of Charles E. Smith Life Communities. Our organization's vision and energy, partnered with community involvement and support, have enabled us to contin

Program Service Accomplishments

Program 1

Expenses: $7,011,185 Revenue: $8,236,806

Provide independent living to seniors, including breakfast and evening meals, on site medical and rehabilitative services, bus transportation to shopping and area cultural events, along with on site activities that focus on the mind and body, such as art, music and dance, book clubs, etc.

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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 $40,902

Program Service Revenue $8,113,458

Investment Income $558,221

Other Revenue $123,348

TOTAL REVENUE $8,835,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $837,757

Fundraising Expenses $0

Program Expenses $7,011,185

Other Expenses $7,822,943

TOTAL EXPENSES $8,660,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,835,929	$8,604,190	+0.0%
Expenses	$8,660,700	$8,643,805	+0.0%
Net Income	$175,229	$-39,615	-5.4%

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

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

$1,318,648

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE J LEDERMAN	President/CEO	3.00	Officer	$0	$73,759	$758,584
TERRI TANNER-HILL	Exec VP Fin/CFO	3.00	Officer	$0	$53,110	$560,064
WARREN SLAVIN	CEO EMERITUS/SR ADVISOR	3.00		$0	$8,678	$187,136
ANDREW STAPE	Director	0.20	Director	$0	$0	$0
IAN JOSEPH	Secretary	0.40	Officer Director	$0	$0	$0
RICHARD COHEN	Director	0.20	Director	$0	$0	$0
SETH MEYERS	Director	0.20	Director	$0	$0	$0
SAMANTHA MARKS GORDON	Director	0.20	Director	$0	$0	$0
AARON RULNICK	Director	0.20	Director	$0	$0	$0
BENJAMIN LEVY	Director	0.20	Director	$0	$0	$0
TODD REINSTEIN	Director	0.20	Director	$0	$0	$0
MATTHEW SCHWARTZ	Vice Chair	0.40	Officer Director	$0	$0	$0
ISAAC REITBERGER	Director	0.20	Director	$0	$0	$0
MITCHELL YENTIS	Director	0.20	Director	$0	$0	$0
ALAN FREEMAN	Director	0.20	Director	$0	$0	$0
MARK BECKER	Chair	1.00	Officer Director	$0	$0	$0
DAVID KARP	Director	0.20	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	$8,835,929	$8,660,700	$27,840,580	$175,229
2022	$8,604,190	$8,643,805	$28,283,893	$-39,615
2021	$8,739,893	$8,372,728	$29,695,325	$367,165
2020	$10,283,435	$8,582,744	$30,246,837	$1,700,691
2019	$11,412,593	$8,701,903	$30,626,566	$2,710,690
2018	$10,997,271	$8,390,443	$29,605,413	$2,606,828