REDWOOD HOUSING INC (EIN 521920903) - 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

1994

Legal Domicile

Principal Officer

TODD TRAVIS

Phone

3019980400

Tax Period

2022-01-01 to 2022-12-31

REDWOOD HOUSING INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $14.0M exceeded revenue, resulting in a 514% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND THEIR FAMILIES

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,183,730

Investment Income $242

Other Revenue $103,337

TOTAL REVENUE $2,287,309

Expense Breakdown

Grants Paid $9,718,170

Salaries & Benefits $114,284

Fundraising Expenses $0

Program Expenses $13,971,883

Other Expenses $4,206,223

TOTAL EXPENSES $14,038,677

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,287,309	$9,748,902	-0.8%
Expenses	$14,038,677	$9,900,964	+0.4%
Net Income	$-11,751,368	$-152,062	+76.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASSANDRA PALANZA	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY O'DELL	DIRECTOR	1.00	Director	$0	$0	$0
TODD TRAVIS	PRESIDENT	1.00	Officer	$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
2022	$2,287,309	$14,038,677	$19,465,742	$-11,751,368
2021	$9,748,902	$9,900,964	$20,814,666	$-152,062
2020	$4,522,727	$9,035,333	$52,348,066	$-4,512,606
2019	$10,163,092	$7,808,929	$52,872,423	$2,354,163
2018	$2,135,340	$3,942,620	$18,599,817	$-1,807,280

REDWOOD HOUSING INC