ROSSLYN RIDGE DEVELOPMENT CORP C/O… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

KYLE MCCANDLESS

Phone

7032767444

Tax Period

2023-01-01 to 2023-12-31

ROSSLYN RIDGE DEVELOPMENT CORP C/O ARLINGTON PARTNERSHIP FOR AFFORDABLE, founded in 1996, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $2.6M exceeded revenue, resulting in a 126% operating deficit.

Mission

ROSSLYN RIDGE DEVELOPMENT CORPORATION IS A SUPPORTIVE ORGANIZATION OF THE ARLINGTON PARTNERSHIP FOR AFFORDABLE HOUSING, INC. (APAH). THE MISSION OF THE ARLINGTON PARTNERSHIP FOR AFFORDABLE HOUSING (APAH) IS TO PROVIDE QUALITY AFFORDABLE HOUSING AND RESIDENT-CENTERED PROGRAMMING TO HELP OUR RESIDENTS MAKE THE MOST OF THEIR HOME.

Program Service Accomplishments

Program 1

Expenses: $2,602,862 Revenue: $1,152,373

ROSSLYN RIDGE DEVELOPMENT CORPORATION PROVIDES 284 UNITS FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES. ROSSLYN RIDGE DEVELOPMENT CORPORATION IS A CHDO, REGISTERED IN ARLINGTON COUNTY AND THE SOLE MEMBER OF ARNA MARBELLA GP DEVELOPMENT CORPORATION, MARBELLA DEVELOPMENT LLC AND AVV APARTMENTS LLC.

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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 $0

Program Service Revenue $695,432

Investment Income $3,243

Other Revenue $456,941

TOTAL REVENUE $1,155,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,483

Fundraising Expenses $0

Program Expenses $2,602,862

Other Expenses $2,229,879

TOTAL EXPENSES $2,615,362

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,155,616	$3,695,860	-0.7%
Expenses	$2,615,362	$4,092,917	-0.4%
Net Income	$-1,459,746	$-397,057	+2.7%

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

$1,113,610

Total Directors

$359,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARMEN ROMERO	PRESIDENT / DIRECTOR / CEO	1.00	Officer Director	$0	$24,982	$359,700
BUZZ ROBERTS	TREASURER / DIRECTOR	1.00	Officer Director	$0	$0	$0
RANDY ANDERSON	SECRETARY / DIRECTOR	1.00	Officer Director	$0	$0	$0
MATT BIRENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
KEIVA DENNIS	COMMUNITY MEMBER / DIRECTO	1.00	Director	$0	$0	$0
TED HICKS	COMMUNITY MEMBER / DIRECTO	1.00	Director	$0	$0	$0
MICHAEL CHIAPPA	VICE PRESIDENT/SENIOR VICE PRESIDENT OF REAL ESTAT	35.00	Officer	$324,657	$14,829	$339,486
KYLE MCCANDLESS	ASSISTANT TREASURER / CFO	1.00	Officer	$0	$13,883	$235,698
KIMBERLY PAINTER	ASSISTANT SECRETARY/VICE PRESIDENT OF TALENT & COL	1.00	Officer	$0	$13,700	$178,726

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	$1,155,616	$2,615,362	$3,731,683	$-1,459,746
2022	$3,695,860	$4,092,917	$7,498,344	$-397,057
2021	$3,678,459	$3,470,782	$26,027,615	$207,677
2020	$3,535,515	$3,386,933	$26,377,231	$148,582
2019	$3,340,587	$3,411,788	$26,268,570	$-71,201
2018	$3,274,860	$3,314,283	$26,646,555	$-39,423

ROSSLYN RIDGE DEVELOPMENT CORP C/O ARLINGTON PARTNERSHIP FOR AFFORDABLE