RIDGEWAY VILLAGE ASSOCIATES INC

EIN: 931216396 501(c)(3) Housing & Shelter

MILWAUKIE, OR

Total Revenue
$353,844
Total Expenses
$355,670
Total Assets
$563,751
Net Assets
$503,629
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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
1996
Legal Domicile
OR
Principal Officer
RAY HACKWORTH
Phone
5036541007
Tax Period
2023-01-01 to 2023-12-31

RIDGEWAY VILLAGE ASSOCIATES INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $354K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

OWN AND OPERATE LOW INCOME HOUSING

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $347,075
Investment Income $19
Other Revenue $6,750
TOTAL REVENUE $353,844

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $355,670
Other Expenses $355,670
TOTAL EXPENSES $355,670

Year-over-Year Comparison

2023 2022 Change
Revenue $353,844 $387,287 -0.1%
Expenses $355,670 $347,723 +0.0%
Net Income $-1,826 $39,564 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$192,841
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY HACKWORTH PRESIDENT N/A
Officer
$0 $21,359 $192,841
ROBERTA ANDO SEC/TREASURE N/A
Officer
$0 $0 $0
STEVEN PHAN VICE PRESIDE N/A
Officer
$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 $353,844 $355,670 $563,751 $-1,826
2022 $387,287 $347,723 $543,665 $39,564
2021 $276,796 $396,071 $577,849 $-119,275
2020 $312,471 $265,286 $612,786 $47,185
2019 $304,772 $308,518 $568,161 $-3,746
2018 $309,478 $272,123 $559,014 $37,355
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