RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION (EIN 650378328) - 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

1992

Legal Domicile

Principal Officer

PATRICK A MERIT

Phone

3052326611

Tax Period

2024-04-01 to 2025-03-31

RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION, founded in 1992, is a small nonprofit in the Religion sector that reported $572K in total revenue in fiscal year 2024. The organization ran a surplus of $465K, a strong 81% operating margin.

Mission

TO FOCUS ON EXPANDING ECONOMIC DEVELOPMENT OPPORTUNITIES, INCREASING HOUSING OPPORTUNITIES, PROMOTING COMPREHENSIVE NEIGHBORHOOD REVITALIZATION AND ENSURING THE EFFICIENT DELIVERY OF SOCIAL SERVICES, PARTICULARLY TO THE SENIOR CITIZENS AND YOUTH OF THE NEIGHBORHOOD.

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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 $125,000

Program Service Revenue $0

Investment Income $8,319

Other Revenue $438,884

TOTAL REVENUE $572,203

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $36,903

Fundraising Expenses $0

Program Expenses $62,060

Other Expenses $45,983

TOTAL EXPENSES $106,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$572,203	N/A	N/A
Expenses	$106,886	N/A	N/A
Net Income	$465,317	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BECKFORD	DIRECTOR	1.00	Director	$0	$0	$0
KAREN WEBB	PRESIDENT	1.00	Officer	$0	$0	$0
FRIEDA BROWN	SECRETARY	1.00	Officer	$0	$0	$0
JOHN GORE	TREASURER	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	$572,203	$106,886	$803,888	$465,317
2020	$219,344	$132,478	$306,493	$86,866

RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION