LHousing & ShelterEIN: 871762348· Ruling Year: 2023

Riese West Urban Renewal Corporation

Paterson, New Jersey

CHealth Score
39C

Financial Health Score

Provisional

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Below Average

💰
$2.4M
Total Revenue
📊
$2.3M
Total Expenses
🏦
$164K
Net Assets
📋
$20.0M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+484.6%
Year-over-year change (2023 → 2024)
Net Margin
+3.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.07
Net assets divided by total expenses
Liabilities-to-Assets
99.2%
Total liabilities as % of total assets

Filing History

2 filings on record
YearRevenueExpensesAssets
2024$2,429,010485%$2,339,156585%$20,136,7741%
2023$415,534$341,373$20,275,366

Frequently Asked Questions

What does Riese West Urban Renewal Corporation do?

Riese West Urban Renewal Corporation is a housing & shelter nonprofit organization based in New Jersey. It is classified under NTEE code L21 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Riese West Urban Renewal Corporation financially healthy?

Based on our 9-metric Financial Health Score model, Riese West Urban Renewal Corporation has a score of 39/100 (Grade: C). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Riese West Urban Renewal Corporation generate?

Riese West Urban Renewal Corporation reports $2.6M in annual revenue and holds $19.5M in total assets, based on IRS filings.

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