RIVINGTON HOUSING DEVELOPMENT FUND COMPANY INC (EIN 571230118) - 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

2006

Legal Domicile

Principal Officer

THOMAS YU

Phone

2124772265

Tax Period

2024-01-01 to 2024-12-31

RIVINGTON HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2006, is a small nonprofit in the Crime & Legal sector that reported $282K in total revenue in fiscal year 2024. Expenses of $252K left a modest 11% surplus.

Mission

RIVINGTON WAS ESTABLISHED EXCLUSIVELY FOR THE PURPOSE OF DEVELOPING, ON A NONPROFIT BASIS, A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

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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 $0

Program Service Revenue $272,558

Investment Income $29

Other Revenue $9,206

TOTAL REVENUE $281,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $210,269

Other Expenses $251,625

TOTAL EXPENSES $251,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$281,793	$264,205	+0.1%
Expenses	$251,625	$235,904	+0.1%
Net Income	$30,168	$28,301	+0.1%

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

N/A

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

$1,242,683

Total Directors

$1,045,965

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HSUEH LAM YAN	SECRETARY/DIR., ASSET & PR	1.00	Officer Director	$0	$26,543	$220,267
HUI-YUAN NELSON CHAN	TREASURER/MAN. DIR. OF REAL ESTATE	1.00	Officer Director	$0	$64,387	$270,854
THOMAS YU	PRESIDENT/ED	1.00	Officer Director	$0	$61,872	$345,979
MY T CHANG	VICE PRESIDENT/CHIEF OF STAFF	1.00	Officer Director	$0	$9,430	$208,865
JOY SUZANNE GRANADO	CHIEF ACCOUNTING OFFICER (OUTGOING)	1.00	Officer	$0	$21,446	$196,718

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	$281,793	$251,625	$1,961,383	$30,168
2023	$264,205	$235,904	$1,961,808	$28,301
2022	$287,656	$241,487	$1,968,121	$46,169
2021	$219,279	$235,487	$1,943,861	$-16,208
2020	$174,311	$229,046	$1,985,346	$-54,735
2019	$208,087	$228,981	$2,096,056	$-20,894
2018	$245,518	$215,947	$2,151,165	$29,571

RIVINGTON HOUSING DEVELOPMENT FUND COMPANY INC