RENAISSANCE UNLIMITED HOMES INC

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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

1986

Legal Domicile

Phone

3239351786

Tax Period

2023-01-01 to 2023-12-31

RENAISSANCE UNLIMITED HOMES INC, founded in 1986, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $309K, a strong 16% operating margin.

Mission

To improve the health and well-being of foster care youth adolescence and communities.

Program Service Accomplishments

Program 1

Expenses: $1,491,412 Revenue: $0

The organization provides health education transitional housing and supportive programs to transition youth from the dependence of the Department of Children and Family Services and the Department of Probation to self-sufficiency and for the prevention of homelessness. The organization is licensed by the State of California Department of Social Services for Transitional Housing Placement Plus Foster Care 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,767,941

Investment Income $520

Other Revenue $204,885

TOTAL REVENUE $1,973,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $624,294

Fundraising Expenses $0

Program Expenses $1,491,412

Other Expenses $1,039,891

TOTAL EXPENSES $1,664,185

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,973,346	$1,440,101	+0.4%
Expenses	$1,664,185	$1,450,965	+0.1%
Net Income	$309,161	$-10,864	-29.5%

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

$101,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Onyegbaduo	CEO	40.00	Officer	$101,480	$0	$101,480
Ikechi Okoro	Dir President	3.00	Officer Director	$0	$0	$0
Marcel Njoku	Dir CFO	3.00	Officer Director	$0	$0	$0
Benny O Okeke	Dir	3.00	Director	$0	$0	$0
Andy V Okoro	Dir	3.00	Director	$0	$0	$0
Patience Omololu	DirSecretary	3.00	Officer 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
2024	No data	No data	No data	No data
2023	$1,973,346	$1,664,185	$738,265	$309,161
2022	$1,440,101	$1,450,965	$418,830	$-10,864
2021	$1,633,408	$1,435,737	$430,670	$197,671
2020	$1,244,686	$1,231,214	$282,032	$13,472