RTS Affordable Housing Corp

EIN: 852903305

Hendersonville, NC

Total Revenue
$215,848
Total Expenses
$338,252
Total Assets
$728,879
Net Assets
$547,893
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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
2021
Legal Domicile
NC
Principal Officer
Connie Stewart
Phone
8285959020
Tax Period
2021-10-01 to 2022-09-30

RTS Affordable Housing Corp, founded in 2021, is a small nonprofit that reported $216K in total revenue in fiscal year 2021. Expenses of $338K exceeded revenue, resulting in a 57% operating deficit.

Mission

The entity's purpose is to provide low and very low income persons with affordable housing in Hendersonville, NC. Effective 10/01/2021, the entity owns 12 units of housing that was Public Housing and is now converted under HUD's RAD program.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $215,802
Investment Income $46
Other Revenue $0
TOTAL REVENUE $215,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,532
Fundraising Expenses $0
Program Expenses $338,252
Other Expenses $273,720
TOTAL EXPENSES $338,252

Year-over-Year Comparison

2021 2020 Change
Revenue $215,848 N/A N/A
Expenses $338,252 N/A N/A
Net Income $-122,404 N/A N/A
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

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Governance

Voting Members
1
Independent Members
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Connie Stewart Executive Dir. 5.00
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
2022 $215,848 $338,252 $728,879 $-122,404
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