RIVER CITY HOUSING 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

1992

Legal Domicile

Principal Officer

REBECCA ROEHRIG

Phone

5025876763

Tax Period

2023-01-01 to 2023-12-31

RIVER CITY HOUSING INC, founded in 1992, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 795% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 11% surplus.

Mission

RIVER CITY HOUSING IMPROVES THE QUALITY OF LIFE FOR LOW AND MODERATE-INCOME FAMILIES AND STRENGTHENS NEIGHBORHOODS BY DEVELOPING HIGH-QUALITY AFFORDABLE HOMES

Program Service Accomplishments

Program 1

Expenses: $2,131,456 Revenue: $1,774,737

RIVER CITY HOUSING WORKS TO INCREASE HOMEOWNERSHIP FOR LOW TO MODERATE-INCOME FAMILIES, WHILE FOCUSING OUR OUTREACH EFFORTS ON FAMILIES WHO WERE REFUSED THIS OPPORTUNITY FOR GENERATIONS DUE TO...

RIVER CITY HOUSING WORKS TO INCREASE HOMEOWNERSHIP FOR LOW TO MODERATE-INCOME FAMILIES, WHILE FOCUSING OUR OUTREACH EFFORTS ON FAMILIES WHO WERE REFUSED THIS OPPORTUNITY FOR GENERATIONS DUE TO POLICIES AND PRACTICES IN THE HOUSING AND LENDING INDUSTRIES THAT WERE BASED ON RACE. BEGINNING WITH DEVELOPING SINGLE FAMILY HOMES FOR HOMEOWNERSHIP, RIVER CITY HOUSING AIMS TO BRIDGE THE RACIAL WEALTH GAP AND TO ADDRESS OTHER RACIAL INEQUITIES. RIVER CITY HOUSING ALWAYS HAS AND WILL CONTINUE TO DEVELOP HIGH-QUALITY, ENERGY-EFFICIENT HOMES TO SELL TO LOW- AND MODERATE-INCOME, FIRST-TIME HOMEBUYERS. RIVER CITY HOUSING PROVIDES OUR BUYERS WITH PROGRAMS TO HELP WITH AFFORDABILITY AT THE TIME OF PURCHASE SUCH AS OUR RIVER CITY HOUSING DOWN PAYMENT ASSISTANCE PROGRAM AND PRIORITIZES PROVIDING HIGHLY-EFFICIENT HOMES WITH LOW MONTHLY ENERGY COSTS AND LONG-TERM AFFORDABILITY THROUGH LOW MAINTENANCE AND REPAIR COSTS. RIVER CITY HOUSING ALSO HAS A HOME REPAIR PROGRAM FOR HOMEOWNERS FOCUSING IN THE CHICKASAW NEIGHBORHOOD.RIVER CITY HOUSING OWNS A 12-UNIT, ONE-BEDROOM APARTMENT COMMUNITY FOR INCOME-QUALIFIED RESIDENTS 55 AND OLDER. THIS AFFORDABLE HOUSING UNIT PROVIDES OUR RESIDENTS WITH NOT ONLY A SECURE HOME, BUT MANY SUPPORT SERVICES SUCH AS FREE ACCESS TO A SENIOR CENTER, MEALS, MONTHLY NURSE AND FINANCIAL ADVISOR VISITS, TRANSPORTATION SERVICES, FINANCIAL ASSISTANCE FOR UTILITIES AND PRESCRIPTIONS, AND CASE MANAGEMENT SERVICES.

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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 $761,125

Program Service Revenue $1,687,556

Investment Income $0

Other Revenue $88,057

TOTAL REVENUE $2,536,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $336,046

Fundraising Expenses $16,216

Program Expenses $2,131,456

Other Expenses $1,931,236

TOTAL EXPENSES $2,267,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,536,738	$283,506	+7.9%
Expenses	$2,267,282	$462,916	+3.9%
Net Income	$269,456	$-179,410	-2.5%

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

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

$111,097

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THELA ABELL	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK CURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
GABE FITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MELINDA GOLDE	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANE HAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVAN KING	BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHAN LOWE	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
BRETT MARSHALL	SECRETARY	2.00	Officer Director	$0	$0	$0
TIFFANY MCBROOM	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SCRIVENER	CHAIR	4.00	Officer Director	$0	$0	$0
SHANNON SILVER	PROJECT CHAIR	1.00	Officer Director	$0	$0	$0
RAYMOND SMITH	TREASURER	2.00	Officer Director	$0	$0	$0
TRENEICE WALTON	BOARD MEMBER	2.00	Director	$0	$0	$0
PANCY WELLS	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA ROEHRIG	PRESIDENT	40.00	Officer	$111,097	$0	$111,097

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	No data	No data	No data	No data
2023	$2,536,738	$2,267,282	$2,361,969	$269,456
2022	$283,506	$462,916	$1,978,741	$-179,410
2021	$1,925,981	$1,733,003	$824,471	$192,978
2020	$1,840,887	$1,803,186	$1,247,841	$37,701
2019	$1,240,406	$1,760,519	$1,155,672	$-520,113
2018	$1,579,763	$1,708,299	$1,287,590	$-128,536