RVM MANSFIELD HOUSING CORPORATION MAGNOLIA HEIGHTS RETIREMENT COMMUNITY (EIN 900292647) - 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

2008

Legal Domicile

Principal Officer

LARRY BOECK

Phone

5418577205

Tax Period

2024-07-01 to 2025-06-30

RVM MANSFIELD HOUSING CORPORATION MAGNOLIA HEIGHTS RETIREMENT COMMUNITY, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $510K in total revenue in fiscal year 2024. Expenses of $589K exceeded revenue, resulting in a 16% operating deficit.

Mission

AS LEADERS IN AFFORDABLE HOUSING, WE ARE DEDICATED TO QUALITY, RESPECT ANDINTEGRITY. OUR DESIRE IS TO PROVIDE SUPPORT AND RESOURCES TO CREATE AN ENVIRONMENT THAT WILL ENRICH THE LIVES OF OUR EMPLOYEES AND RESIDENTS. WE TAKE PRIDE IN BUILDING, ADMINISTERING, AND MAINTAINING HIGH STANDARDS OF SERVICE FOR INDIVIDUALS AND FAMILIES. WITH CONTINUED EDUCATION, COMMUNITY INVOLVEMENT, AND REFINED PRACTICES, WE WILL DEVELOP AND MAINTAIN SUPERIOR AFFORDABLE HOUSING THAT SURPASSES EXPECTATIONS.

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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 $221,711

Program Service Revenue $283,100

Investment Income $2,065

Other Revenue $2,938

TOTAL REVENUE $509,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $243,412

Fundraising Expenses $0

Program Expenses $411,362

Other Expenses $346,071

TOTAL EXPENSES $589,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$509,814	$487,011	+0.0%
Expenses	$589,483	$595,169	0.0%
Net Income	$-79,669	$-108,158	-0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY BOECK	CHAIR	0.04	Officer Director	$0	$0	$0
SHAWNA SLOAN	VICE CHAIR	0.04	Officer Director	$0	$0	$0
DAMIEN RENNIE	TREASURER	0.04	Officer Director	$0	$0	$0
PATRICIA TOSSAVAINEN	SECRETARY	0.04	Officer Director	$0	$0	$0
BECKY SNYDER	DIRECTOR	0.04	Director	$0	$0	$0
ROBERT KERR	DIRECTOR	0.04	Director	$0	$0	$0
JERI RENO	DIRECTOR	0.04	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	$509,814	$589,483	$3,121,274	$-79,669
2024	$487,011	$595,169	$3,187,014	$-108,158
2023	$460,230	$591,512	$3,287,581	$-131,282
2022	$423,360	$486,715	$3,400,389	$-63,355
2021	$381,429	$481,974	$3,678,711	$-100,545
2020	$361,346	$468,160	$3,614,053	$-106,814
2019	$347,910	$456,488	$3,737,342	$-108,578
2018	$331,947	$472,790	$3,866,233	$-140,843

RVM MANSFIELD HOUSING CORPORATION MAGNOLIA HEIGHTS RETIREMENT COMMUNITY