REGIONAL HOUSING & COMMUNITY SVC CORP C/O KATIE GOODMAN CRO (EIN 814699259) - 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

2016

Legal Domicile

Principal Officer

KATIE GOODMAN

Phone

4042560003

Tax Period

2024-01-01 to 2024-12-31

REGIONAL HOUSING & COMMUNITY SVC CORP C/O KATIE GOODMAN CRO, founded in 2016, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2024. Revenue surged 163% from the prior year, signaling strong growth momentum. Expenses of $16.2M exceeded revenue, resulting in a 100% operating deficit.

Mission

TO MEET THE HOUSING AND HOUSING-RELATED NEEDS OF THE ELDERLY AND TO PROVIDE THE ELDERLY WITH TRADITIONAL LIFE CARE AND SKILLED CARE SERVICES. TO DEVELOP AND OPERATE REAL ESTATE IN DETERIORATING, DECLINING, OR DISTRESSED COMMUNITIES.

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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 $8,518,510

Investment Income $-400,971

Other Revenue $0

TOTAL REVENUE $8,117,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,898,102

Fundraising Expenses $0

Program Expenses $16,228,841

Other Expenses $11,330,739

TOTAL EXPENSES $16,228,841

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,117,539	$3,089,532	+1.6%
Expenses	$16,228,841	$21,752,186	-0.3%
Net Income	$-8,111,302	$-18,662,654	-0.6%

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
MIKE ROYE	EX OFFICIO	40.00	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	$8,117,539	$16,228,841	$54,653,304	$-8,111,302
2023	$3,089,532	$21,752,186	$49,775,369	$-18,662,654
2022	$5,538,748	$14,378,867	$57,657,592	$-8,840,119
2021	$12,534,536	$20,748,820	$55,997,192	$-8,214,284
2020	$11,809,699	$19,558,631	$55,337,003	$-7,748,932

REGIONAL HOUSING & COMMUNITY SVC CORP C/O KATIE GOODMAN CRO