RAYNE ELDERLY HOUSING CORPORATION (EIN 721346868) - 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

1996

Legal Domicile

Principal Officer

MELANIE RIBEIRO

Phone

9548359200

Tax Period

2024-01-01 to 2024-12-31

RAYNE ELDERLY HOUSING CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $210K in total revenue in fiscal year 2024. Expenses of $273K exceeded revenue, resulting in a 30% operating deficit.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED. REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $0

Program Service Revenue $200,845

Investment Income $8,490

Other Revenue $1,139

TOTAL REVENUE $210,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,778

Fundraising Expenses $0

Program Expenses $177,912

Other Expenses $185,454

TOTAL EXPENSES $273,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,474	$212,695	0.0%
Expenses	$273,232	$211,292	+0.3%
Net Income	$-62,758	$1,403	-45.7%

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

$521,004

Total Directors

$521,004

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELANIE RIBEIRO	VICE PRESIDE	0.70	Officer Director	$0	$75,384	$521,004
MARIA CORDONE	SECRETARY	0.30	Officer Director	$0	$0	$0
TONY FRANSETTA	DIRECTOR	0.10	Director	$0	$0	$0
EDWARD ROMERO	DIRECTOR	0.10	Director	$0	$0	$0
ERICA SCHMELZER	TREASURER	0.40	Officer Director	$0	$0	$0
CHRISTOPHER SHELTON	PRESIDENT	0.50	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
2024	$210,474	$273,232	$1,000,031	$-62,758
2023	$212,695	$211,292	$1,027,930	$1,403
2022	$186,849	$172,427	$985,949	$14,422
2021	$186,862	$224,704	$950,955	$-37,842
2020	$201,763	$211,622	$950,614	$-9,859
2019	$200,745	$203,258	$926,236	$-2,513
2018	$172,976	$202,893	$920,709	$-29,917

RAYNE ELDERLY HOUSING CORPORATION