KING JAMES COURT RHF HOUSING INC

EIN: 760713633 501(c)(3) Housing & Shelter

LONG BEACH, CA

Total Revenue
$8,014
Total Expenses
$889
Total Assets
$103,242
Net Assets
$71,760
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MA
Principal Officer
DEBORAH STOUFF
Phone
5622575100
Tax Period
2019-01-01 to 2019-12-31

KING JAMES COURT RHF HOUSING INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $8K in total revenue in fiscal year 2019. Revenue fell 100% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 89% operating margin.

Mission

KING JAMES COURT RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE COMMONWEALTH OF MASSACHUSETTS. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 120 UNIT COMMUNITY KNOWN AS KING JAMES COURT LOCATED IN ORANGE, MASSACHUSETTS, WHICH PROVIDES HOUSING TO LOW INCOME SENIORS. THE CORPORATION RECEIVES GRANTS AND HOUSING ASSISTANCE PAYMENTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 8 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON DECEMBER 27, 2018 IN ORDER TO TAKE ADVANTAGE OF LOW INCOME TAX CREDITS UNDER SECTON 42 FOR THE REHABILITATION OF KING JAMES COURT, THE PROPERTY WAS TRANSFERRED TO A RELATED ENTITY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,269
Investment Income $0
Other Revenue $6,745
TOTAL REVENUE $8,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $571
Other Expenses $889
TOTAL EXPENSES $889

Year-over-Year Comparison

2019 2018 Change
Revenue $8,014 $2,075,218 -1.0%
Expenses $889 $2,048,757 -1.0%
Net Income $7,125 $26,461 -0.7%
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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Governance

Voting Members
5
Independent Members
5
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
4
$763,068
Total Directors
7
$0
Key Employees
9
$1,824,568
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARRYL M SEXTON VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
FRANK G JAHRLING TREASURER 0.20
Officer Director
$0 $0 $0
JOHN BAUMAN DIRECTOR 0.20
Director
$0 $0 $0
CHRISTINA E POTTER DIRECTOR 0.20
Director
$0 $0 $0
RAYMOND EAST DIRECTOR 0.20
Director
$0 $0 $0
DAVID A ETHINGTON DIRECTOR 0.20
Director
$0 $0 $0
DAVID S MOYER DIRECTOR 0.20
Director
$0 $0 $0
DR LAVERNE R JOSEPH PRESIDENT 0.20
Officer
$0 $112,037 $546,999
DEBORAH J STOUFF VP OF CORP RECORDS, CORP S 0.20
Officer
$0 $26,472 $216,069
FRANK ROSSELLO JR CFO & VP FINANCE 0.20
Key Emp
$0 $25,644 $285,196
VINCENT B MAGNONE VP TREASURY 0.20
Key Emp
$0 $28,979 $236,611
NADA BATTAGLIA VP HUMAN RESOURCES 0.20
Key Emp
$0 $36,109 $243,632
KEVIN GILCHRIST SR. DIRECTOR OF DEV. FINAN 0.20
Key Emp
$0 $14,094 $188,042
STEPHANIE TITUS VP PHILANTHROPY 0.20
Key Emp
$0 $16,192 $189,231
JOHN CLOW DIRECTOR OF RISK MANAGEMEN 0.20
Key Emp
$0 $13,505 $165,692
PURCELL CHRISTOPHER CONTROLLER 0.20
Key Emp
$0 $13,940 $178,856
GLENN PERRY DIRECTOR OF AFFORDABLE HOU 0.20
Key Emp
$0 $14,323 $169,839
FARD BOBBY DIRECTOR OF ACQUISITIONS 0.20
Key Emp
$0 $13,055 $167,469
ROBERT R AMBERG SENIOR VP GENERAL COUNSEL 0.20
Highest
$0 $42,112 $409,689
STUART J HARTMAN VP HOUSING OPERATIONS 0.20
Highest
$0 $58,786 $381,393
PETER O PEABODY VP HEALTH CARE OPERATIONS 0.20
Highest
$0 $25,358 $258,469
ANDERS PLETT VP ACQUISITIONS & PROJECT 0.20
Highest
$0 $35,763 $279,786
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
2019 $8,014 $889 $103,242 $7,125
2018 $2,075,218 $2,048,757 $146,642 $26,461
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