RIESE EAST URBAN RENEWAL CORPORATION (EIN 854073771) - 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

2020

Legal Domicile

Principal Officer

REV MARC A MANCINI

Phone

9732790964

Tax Period

2024-07-01 to 2025-06-30

RIESE EAST URBAN RENEWAL CORPORATION, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Expenses of $2.5M left a modest 3% surplus.

Mission

THE CORPORATION OWNS AND MANAGES A 159 UNIT APARTMENT PROJECT FOR THE ELDERLY LOCATED IN PATERSON, NJ. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 $2,539,973

Investment Income $24,715

Other Revenue $8,060

TOTAL REVENUE $2,572,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,395

Fundraising Expenses $0

Program Expenses $2,287,237

Other Expenses $2,130,773

TOTAL EXPENSES $2,492,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,572,748	$2,412,483	+0.1%
Expenses	$2,492,168	$2,359,752	+0.1%
Net Income	$80,580	$52,731	+0.5%

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

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
REV MARC A MANCINI	PRESIDENT	10.00	Officer Director	$0	$0	$0
REV MSGR HERBERT K TILLYER	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEACON JOSEPH A PUSKAS	TREASURER	5.00	Officer Director	$0	$0	$0
ANDREW F MCBRIDE III ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DEACON PETER CISTARO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS BURNS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS P BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
LYNN E GAFFNEY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MURRAY	DIRECTOR	1.00	Director	$0	$0	$0
SR MAUREEN SHAUGHNESSY SC	DIRECTOR	1.00	Director	$0	$0	$0
DEACON GREGORY J SZPUNAR	SECRETARY	1.00	Director	$0	$0	$0
DEACON MARC MACKIN	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY DENOVA	DIRECTOR	1.00	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
2025	$2,572,748	$2,492,168	$17,858,800	$80,580
2024	$2,412,483	$2,359,752	$17,593,625	$52,731
2023	$397,376	$347,603	$17,890,216	$49,773

RIESE EAST URBAN RENEWAL CORPORATION