RICHMOND URBAN SENIOR HOUSING (EIN 541983838) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Phone

8046440546

Tax Period

2024-01-01 to 2024-12-31

Richmond Urban Senior Housing (Monarch Woods Apartments), founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $428K in total revenue in fiscal year 2018. Expenses of $498K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $535,925

Investment Income $7,165

Other Revenue $0

TOTAL REVENUE $543,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,599

Fundraising Expenses $0

Program Expenses $673,959

Other Expenses $618,360

TOTAL EXPENSES $673,959

Year-over-Year Comparison

	2024	2023	Change
Revenue	$543,090	$518,497	+0.0%
Expenses	$673,959	$578,026	+0.2%
Net Income	$-130,869	$-59,529	+1.2%

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

$644,474

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J SCHEWEL	PRESIDENT	0.00	Officer Director	$0	$0	$0
RICHARD DICKINSON	SECRETARY & TREASURER	0.00	Officer Director	$0	$0	$0
PHILIP A BROOKS	DIRECTOR	0.00	Director	$0	$0	$0
FREDA G BOLLING	DIRECTOR	0.00	Director	$0	$0	$0
REGINA CHANEY	DIRECTOR	0.00	Director	$0	$0	$0
TODD WALDO	DIRECTOR	0.00	Director	$0	$0	$0
R WHEATLEY MCDOWELL	VICE CHAIR	0.00	Officer Director	$0	$0	$0
GRETA HARRIS	PRESIDENT & CEO	N/A	Officer	$0	$61,369	$416,862
JULIE HOVERMALE	VICE PRESIDENT & CFO	N/A	Officer	$0	$15,864	$227,612

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	$543,090	$673,959	$2,768,737	$-130,869
2023	$518,497	$578,026	$2,817,209	$-59,529
2022	$498,855	$598,227	$2,891,621	$-99,372
2021	$506,142	$571,587	$2,987,113	$-65,445
2020	$514,786	$534,214	$3,050,739	$-19,428
2019	$452,272	$471,191	$3,050,604	$-18,919
2018	$428,156	$498,138	$3,103,999	$-69,982

RICHMOND URBAN SENIOR HOUSING