RIVER PARK APARTMENTS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

BILL HUTCHINSON

Phone

4797827268

Tax Period

2024-07-01 to 2025-06-30

RIVER PARK APARTMENTS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $204K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $678K represent 40 months of operating reserves.

Mission

HOUSING FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $159,028 Revenue: $81,323

OWNS AND OPERATES 20 LOW INCOME HOUSING UNITS FOR THE ELDERLY. THE ORGANIZATION RECEIVES RENT SUBSIDIES AND FINANCING FROM HUD. ALL EXPENDITURES ARE RELATED FUNCTIONS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $122,969

Program Service Revenue $81,291

Investment Income $32

Other Revenue $0

TOTAL REVENUE $204,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,749

Fundraising Expenses $0

Program Expenses $159,028

Other Expenses $216,413

TOTAL EXPENSES $224,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,292	$157,589	+0.3%
Expenses	$224,162	$219,388	+0.0%
Net Income	$-19,870	$-61,799	-0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Role	Reportable Comp	Other Comp	Total
JEFF FENWICK	BOARD MEMBER	Director	$0	$0	$0
BILL HUTCHINSON	PRESIDENT	Officer Director	$0	$0	$0
POWELL SANDERS	VICE PRESIDENT	Officer Director	$0	$0	$0
MICHELLE SEXTON	SECRETARY	Officer 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
2025	$204,292	$224,162	$740,669	$-19,870
2024	$157,589	$219,388	$713,832	$-61,799
2022	$159,606	$178,437	$773,788	$-18,831
2021	$143,528	$162,401	$808,830	$-18,873
2020	$157,534	$162,407	$810,330	$-4,873
2019	$150,196	$152,097	$818,313	$-1,901