RAYNE ELDERLY HOUSING CORPORATION

EIN: 721346868 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$210,474
Total Expenses
$273,232
Total Assets
$1,000,031
Net Assets
$795,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
LA
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).

Program Service Accomplishments

Program 1
Expenses: $177,912 Revenue: $201,984

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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
6
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
4
$521,004
Total Directors
6
$521,004
Key Employees
0
$0
Highest Compensated
0
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
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