RALEIGH INTER-CHURCH HOUSING CORPORATION (RICH PARK APARTMENTS) (EIN 560932151) - 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

1968

Legal Domicile

Principal Officer

JOYCE POLLACK

Phone

9198338891

Tax Period

2023-07-01 to 2024-06-30

RALEIGH INTER-CHURCH HOUSING CORPORATION (RICH PARK APARTMENTS), founded in 1968, is a small nonprofit that reported $827K in total revenue in fiscal year 2023.

Mission

PROVIDE LOW INCOME HOUSING

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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 $815,880

Investment Income $11,485

Other Revenue $0

TOTAL REVENUE $827,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $855,278

Other Expenses $869,075

TOTAL EXPENSES $869,075

Year-over-Year Comparison

	2023	2022	Change
Revenue	$827,365	$814,102	+0.0%
Expenses	$869,075	$809,536	+0.1%
Net Income	$-41,710	$4,566	-10.1%

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
REV DORWIN HOWARD SR	DIRECTOR	1.00	Director	$0	$0	$0
REV JAMES KUBAL-KOMOTO	DIRECTOR	1.00	Director	$0	$0	$0
REV LACEY BROWN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS BRANCH	DIRECTOR	1.00	Director	$0	$0	$0
MONTE DENNARD	DIRECTOR	1.00	Director	$0	$0	$0
MAXINE MILLER-SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIE ROWE	DIRECTOR	1.00	Director	$0	$0	$0
GISELA FLEMING	SECRETARY	1.00	Officer Director	$0	$0	$0
JOYCE POLLACK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLAIRE ZAMBRANO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MOXLEY	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK ALLEN	TREASURER	1.00	Officer Director	$0	$0	$0
GENE MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE THOMLINSON	ASST SEC/TREASURER	1.00	Officer Director	$0	$0	$0
PHIL KAVELAR	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES COBLE	DIRECTOR	1.00	Director	$0	$0	$0
FRANCES TURNER	DIRECTOR	1.00	Director	$0	$0	$0
CARLETTA MOORE	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
2025	No data	No data	No data	No data
2024	$827,365	$869,075	$3,299,495	$-41,710
2023	$814,102	$809,536	$3,419,369	$4,566
2022	$820,120	$857,564	$3,531,305	$-37,444
2021	$796,651	$763,216	$3,688,376	$33,435
2020	$792,277	$810,684	$3,857,856	$-18,407
2019	$773,224	$723,402	$4,167,231	$49,822

RALEIGH INTER-CHURCH HOUSING CORPORATION (RICH PARK APARTMENTS)