RIVERSIDE PARK APARTMENTS INC (EIN 591997379) - 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

1977

Legal Domicile

Principal Officer

KEVIN CROWELL

Phone

9043569884

Tax Period

2023-10-01 to 2024-09-30

RIVERSIDE PARK APARTMENTS INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 12% surplus.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS UNDER SECTIONS 8 AND 202 OF THE NATIONAL HOUSING ACT.

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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 $1,266,838

Program Service Revenue $341,034

Investment Income $954

Other Revenue $12,981

TOTAL REVENUE $1,621,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $317,278

Fundraising Expenses $0

Program Expenses $1,117,482

Other Expenses $1,112,747

TOTAL EXPENSES $1,430,025

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,621,807	$1,229,291	+0.3%
Expenses	$1,430,025	$1,423,331	+0.0%
Net Income	$191,782	$-194,040	-2.0%

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
KEVIN CROWELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN FLEMING	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES H LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
FRANCES R MATHEWS	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE BUSH	DIRECTOR	1.00	Director	$0	$0	$0
ZADA STROBLE	DIRECTOR	1.00	Director	$0	$0	$0
TY L STRONG	DIRECTOR	1.00	Director	$0	$0	$0
TIM BUSH	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
2024	$1,621,807	$1,430,025	$1,453,839	$191,782
2023	$1,229,291	$1,423,331	$1,401,339	$-194,040
2022	$1,513,998	$1,432,797	$1,773,173	$81,201
2021	$1,491,880	$1,345,607	$1,868,087	$146,273
2020	$1,456,129	$1,313,429	$1,904,884	$142,700
2019	$1,439,836	$1,384,170	$1,927,052	$55,666
2018	$1,406,642	$1,351,213	$2,030,589	$55,429

RIVERSIDE PARK APARTMENTS INC