1717 RIDGE APARTMENTS INC

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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

2013

Legal Domicile

Principal Officer

LEE PHEGLEY

Phone

9727157400

Tax Period

2020-07-01 to 2021-06-30

1717 RIDGE APARTMENTS INC, founded in 2013, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2020. The organization ran a surplus of $2.1M, a strong 89% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1

1717 RIDGE APARTMENTS, INC. OPERATES AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDSTITLE TO REAL PROPERTY ON BEHALF OF PUBLIC EMPLOYEES' RETIREMENTSYSTEM OF...

1717 RIDGE APARTMENTS, INC. OPERATES AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDSTITLE TO REAL PROPERTY ON BEHALF OF PUBLIC EMPLOYEES' RETIREMENTSYSTEM OF NEVADA (RETIREMENT SYSTEM). THE ORGANIZATION COLLECTSTHE INCOME FROM THE PROPERTY AND REMITS IT TO THE RETIREMENTSYSTEM.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $296

Other Revenue $2,340,520

TOTAL REVENUE $2,340,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $261,824

TOTAL EXPENSES $261,824

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,340,816	$2,368,179	0.0%
Expenses	$261,824	$265,923	0.0%
Net Income	$2,078,992	$2,102,256	0.0%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
R SCOTT DENNIS	DIRECTOR	1.00	Director	$0	$0	$0
BETH ZAYICEK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KIRBY	PRESIDENT	1.00	Officer	$0	$0	$0
JASON W GEER	VP/SEC	1.00	Officer	$0	$0	$0
BERT J CROUCH	VP/ASST SEC	1.00	Officer	$0	$0	$0
JEFF CAVANAUGH	VP/ASST SEC	1.00	Officer	$0	$0	$0
CHRIS CLEGHORN	VP/ASST SEC	1.00	Officer	$0	$0	$0
JACKSON LAPIN	VP/ASST SEC	1.00	Officer	$0	$0	$0
PETER FEINBERG	VP/ASST SEC	1.00	Officer	$0	$0	$0
R LEE PHEGLEY JR	VP/ASST SEC	1.00	Officer	$0	$0	$0
CAIN KIRK	VP/ASST SEC	1.00	Officer	$0	$0	$0
DUNCAN WALKER	VP/ASST SEC	1.00	Officer	$0	$0	$0
KEVIN PIROZZOLI	VP/ASST SEC	1.00	Officer	$0	$0	$0
PERRY CHUDNOFF	VP/ASST SEC	1.00	Officer	$0	$0	$0
TOM HURST	VP/ASST SEC	1.00	Officer	$0	$0	$0
HALEY WALDRON	TREASURER /ASST SEC	1.00	Officer	$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
2021	$2,340,816	$261,824	$59,741,170	$2,078,992
2020	$2,368,179	$265,923	$58,896,055	$2,102,256
2019	$2,575,609	$296,642	$65,454,140	$2,278,967