RICOS PLACE HDFC (EIN 823533600) - 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

2017

Legal Domicile

Principal Officer

DOUGLAS C BROOKS

Tax Period

2023-01-01 to 2023-12-31

RICOS PLACE HDFC, founded in 2017, is a small nonprofit that reported $322K in total revenue in fiscal year 2023. Expenses of $565K exceeded revenue, resulting in a 75% operating deficit.

Mission

THE CORPORATION IS A CHARITABLE NOT-FOR-PROFIT CORPORATION ORGANIZED PURSUANT TO NPCL AND PHFL 573 EXCLUSIVELY FOR THIS PURPOSE OF DEVELOPING AND OPERATING A HOUSING PROJECT FOR PERSONS OF LOW INCOME.

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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 (2023)

Revenue Breakdown

Contributions & Grants $240,333

Program Service Revenue $78,665

Investment Income $3,365

Other Revenue $0

TOTAL REVENUE $322,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $565,022

Other Expenses $565,022

TOTAL EXPENSES $565,022

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,363	$322,105	+0.0%
Expenses	$565,022	$549,372	+0.0%
Net Income	$-242,659	$-227,267	+0.1%

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
GARY BOUCHER	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
LAWANDA JACKSON	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
RUSSEL SHULER	SECRETARY	0.50	Officer Director	$0	$0	$0
ANNETTE SMITH	BOARD MEMBER	0.50	Officer Director	$0	$0	$0
CASSANDRA UNDERDUE	TREASURER	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	No data	No data	No data	No data
2023	$322,363	$565,022	$1,322,986	$-242,659
2022	$322,105	$549,372	$1,474,058	$-227,267
2021	$273,258	$581,803	$1,581,039	$-308,545
2020	$290,634	$516,188	$1,734,475	$-225,554

RICOS PLACE HDFC