RESIDENT SERVICES EMPOWERMENT INC (EIN 832304984) - 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

2001

Legal Domicile

Principal Officer

MICHAEL JOHNSTON

Phone

6175206387

Tax Period

2024-01-01 to 2024-12-31

RESIDENT SERVICES EMPOWERMENT INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $319K in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 26% operating margin.

Mission

TO SUPPORT THE CAMBRIDGE HOUSING AUTHORITY AND ITS AFFILIATES IN THE DEVELOPMENT OF PHYSICAL, ECONOMIC, SOCIAL AND CULTURAL REVITILIZATION OF THE CAMBRIDGE AREA AND TO IDENTIFY AND ADDRESS THE NEEDS OF CAMBRIDGE RESIDENTS WITH A FOCUS ON EDUCATION, JOB TRAINING AND PLACEMENT, HOUSING STABILITY, HEALTH AND WELLNESS, AND OTHER COMMUNITY SOCIAL SERVICES.

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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 $314,138

Program Service Revenue $0

Investment Income $0

Other Revenue $5,000

TOTAL REVENUE $319,138

Expense Breakdown

Grants Paid $170,000

Salaries & Benefits $40,000

Fundraising Expenses $0

Program Expenses $210,000

Other Expenses $25,908

TOTAL EXPENSES $235,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$319,138	$155,264	+1.1%
Expenses	$235,908	$239,967	0.0%
Net Income	$83,230	$-84,703	-2.0%

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

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

$2,202,364

Total Directors

$354,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J JOHNSTON	CLERK	1.00	Officer Director	$0	$84,744	$354,675
ELAINE DEROSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN T CONNELLY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GERALD J CLARK	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIS BACCI III	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA BERGLAND	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA SNOWDEN DOWNING	DEPUTY EXECUTIVE DIRECTOR	1.00	Officer	$0	$83,048	$345,817
JOE DIMAMBRO	DEPUTY FISCAL DIRECTOR	1.00	Officer	$0	$61,882	$235,229
MARGARET DONNELLY-MORAN	DEPUTY EXECUTIVE DIRECTOR	1.00	Officer	$0	$75,774	$391,886
JOHN FILIP	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$72,614	$339,323
KEVIN J BRAGA	DIRECTOR OF OPERATIONS	1.00	Officer	$0	$75,026	$282,879
JOHN LINDAMOOD	DIRECTOR OF RESIDENT SERVI	1.00	Officer	$0	$61,306	$252,555
CLARA FRADEN	DIRECTOR OF PLANNING	1.00	Highest	$0	$54,438	$283,190
GORAN SMILJIC	DIRECTOR OF CONSTRUCTION	1.00	Highest	$0	$54,581	$285,172
ROBERT KELSEY	DIRECTOR OF HUMAN RESOURCES	1.00	Highest	$0	$56,873	$253,500
SHAYLA SIMMONS	GENERAL COUNSEL	1.00	Highest	$0	$70,317	$258,275
SUSAN MARIE NOHL	DIRECTOR OF LEASED HOUSING	1.00	Highest	$0	$60,578	$247,994

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	$319,138	$235,908	$681,554	$83,230
2023	$155,264	$239,967	$531,432	$-84,703
2022	$293,450	$318,993	$653,220	$-25,543
2021	$375,925	$51,081	$746,945	$324,844

RESIDENT SERVICES EMPOWERMENT INC