The Richmont Corporation

EIN: 760205399

Houston, TX

Total Revenue
N/A
Total Expenses
N/A
Total Assets
$10,463
Net Assets
$10,463
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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
1986
Legal Domicile
TX
Principal Officer
Francois de Menil
Phone
7135259484
Tax Period
2020-07-01 to 2021-06-30

Mission

The Richmont Corporation is a title holding company which operated an apartment complex to benefit its sole shareholder, Menil Foundation, Inc, a public charity exempt from income tax under IRC Section 501(c)(3).

Program Service Accomplishments

Program 1

The Richmont Corporation managed the rental of real property in the neighborhood of The Menil Collection on behalf of the Menil Foundation, Inc. and annually disbursed its net income to the...

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The Richmont Corporation managed the rental of real property in the neighborhood of The Menil Collection on behalf of the Menil Foundation, Inc. and annually disbursed its net income to the Foundation.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2020 2019 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$208,574
Total Directors
3
$208,574
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Francois de Menil President 1.00
Officer Director
$0 $0 $0
David Fitch Vice President 1.00
Officer Director
$0 $0 $0
Ileana Del Toro Sec/Treasurer/CFO 2.00
Officer Director
$0 $34,902 $208,574
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
2021 No data No data $10,463 No data
2020 No data No data $579,707 No data
2019 No data No data $579,707 No data
2018 No data No data $579,707 No data
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