RYDER HOME FOR THE ELDERLY 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

2007

Legal Domicile

Principal Officer

JOSE R FELICIANO

Phone

7878520768

Tax Period

2023-10-01 to 2024-09-30

RYDER HOME FOR THE ELDERLY INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $936K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $146K, a strong 16% operating margin.

Mission

RYDER HOME ELDERLY, INC WAS ORGANIZED AS A NON PROFIT ORGANIZATION. THE PROJECT IS A 96 UNIT APARTMENT FACILITY FOR ELDERLY PERSONS LOCATED IN HUMACAO, PUERTO RICO. IT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT OF 1990 AND REGULATED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. DURING THE YEAR THE AVERAGE PERCENTAGE OF OCCUPANCY WAS 98%.

Program Service Accomplishments

Program 1

Expenses: $627,697 Revenue: $282,098

The Project is a 96 unit apartment facility for elderly persons located in Humacao, Puerto Rico. It is operated under Section 811 of the National Housing Act 1990 and regulated by the US Department of Housing and Urban Development (HUD) with respect to rental charges and operating methods. During the year the average percentage of occupancy was 96%.

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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 $555,654

Program Service Revenue $282,098

Investment Income $1,520

Other Revenue $96,833

TOTAL REVENUE $936,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,460

Fundraising Expenses $0

Program Expenses $627,697

Other Expenses $608,040

TOTAL EXPENSES $790,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$936,105	$1,017,914	-0.1%
Expenses	$790,500	$782,636	+0.0%
Net Income	$145,605	$235,278	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELBA SANTANA	DIRECTOR	2	Director	$0	$0	$0
MIRIAM ALICEA	DIRECTOR	2	Director	$0	$0	$0
CARMEN S ALBINO	DIRECTOR	2	Director	$0	$0	$0
CARLOS LOPEZ	DIRECTOR	2	Director	$0	$0	$0
JESUS JUSINO	DIRECTOR	2	Director	$0	$0	$0
ELDA E ROSARIO	DIRECTOR	2	Director	$0	$0	$0
JESUS M REINA	DIRECTOR	4	Director	$0	$0	$0
ADELIA IZCHEL ACEVEDO	DIRECTOR	2	Director	$0	$0	$0
BENJAMIN BERRIOS	DIRECTOR	2	Director	$0	$0	$0
ESTHER ALEMAN	SECRETARY	4	Director	$0	$0	$0
PEDRO DIAZ	TREASURER	4	Director	$0	$0	$0
CARMEN SARA GARCIA	VICE PRESIDENT	4	Director	$0	$0	$0
JUAN M MENDEZ	PRESIDENT	4	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	$936,105	$790,500	$1,513,740	$145,605
2023	$1,017,914	$782,636	$1,504,583	$235,278
2022	$786,647	$665,318	$1,091,284	$121,329
2021	$859,533	$680,101	$980,287	$179,432
2020	$798,519	$674,088	$1,005,370	$124,431
2019	$749,122	$607,483	$923,578	$141,639
2018	$722,617	$657,799	$979,006	$64,818