RICHLAND EAST INC

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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

1978

Legal Domicile

Principal Officer

THOYD B WARREN

Phone

8038083966

Tax Period

2024-07-01 to 2025-06-30

RICHLAND EAST INC, founded in 1978, is a small nonprofit in the Unknown sector that reported $211K in total revenue in fiscal year 2024. Expenses of $180K left a modest 15% surplus.

Mission

RICHLAND EAST, INC. (THE "ORGANIZATION") IS A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AN INTEREST IN REAL ESTATE LOCATED IN RICHLAND COUNTY AND TO CONSTRUCT GROUP HOMES FOR INDIVIDUALS WITH SPECIAL NEEDS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE TWO GROUP HOMES CONSIST OF 16 UNITS LOCATED IN RICHLAND COUNTY, SOUTH CAROLINA. UNDER THIS PROGRAM, THE PROJECT PROVIDES HOUSING TO THE LOW- AND MODERATE- INCOME ELDERLY AS WELL AS PERSONS WITH DISABILITIES, SUBJECT TO REGULATION BY HUD, AS TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. THE PROJECT'S NON-MAJOR PROGRAM IS THE SECTION 8 RENT SUBSIDY.

Program Service Accomplishments

Program 1

Expenses: $158,590 Revenue: $63,089

RICHLAND EAST, INC. (THE "ORGANIZATION") IS A SOUTH CAROLINA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED FOR THE PURPOSE OF ACQUIRING AN INTEREST IN REAL ESTATE LOCATED IN RICHLAND COUNTY AND TO...

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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 (2024)

Revenue Breakdown

Contributions & Grants $147,958

Program Service Revenue $62,063

Investment Income $35

Other Revenue $1,026

TOTAL REVENUE $211,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,088

Fundraising Expenses $0

Program Expenses $158,590

Other Expenses $150,416

TOTAL EXPENSES $179,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,082	$204,252	+0.0%
Expenses	$179,504	$182,773	0.0%
Net Income	$31,578	$21,479	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK BLACKMON	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY BOGGS	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
AUNDRAI HOLLOMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARAH LIVINGSTON	DIRECTOR	1.00	Director	$0	$0	$0
DEBORAH MANN	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN MCGILL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM REESE	DIRECTOR	1.00	Director	$0	$0	$0
GRACE RUDATSIKIRA	DIRECTOR	1.00	Director	$0	$0	$0
THOYD B WARREN	EX OFFICIO	1.00	Director	$0	$0	$0
NATHAN WHITE	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA WINSTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM HOLMES	TREASURER	1.00	Officer	$0	$0	$0
WILFRED G ROGERS	SECRETARY	1.00	Officer	$0	$0	$0
ANDREW SALEEBY	CHAIRPERSON	1.00	Officer	$0	$0	$0
ERIK J SIMENSEN	VICE CHAIRPE	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
2025	$211,082	$179,504	$473,044	$31,578
2024	$204,252	$182,773	$478,119	$21,479
2023	$197,366	$171,908	$475,567	$25,458
2022	$193,950	$224,803	$447,808	$-30,853
2021	$192,378	$149,240	$510,929	$43,138