Riverbrook Residence Inc
- Assets
- $7.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 56
- Location
- Stockbridge, MA
- Founding
- 02/1997
- Data as of
- 06/2024
- EIN
- 04-3327968
Organization Overview
Riverbrook Residence Inc is located in Stockbridge, MA. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2024, Riverbrook Residence Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverbrook Residence Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Riverbrook Residence Inc generated $3.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $2.6m during the year ending 06/2024. While expenses have increased by 4.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
RIVERBROOK RESIDENCE IS COMPOSED OF PEOPLE DEDICATED TO THE CONTINUATION OF THE UNIQUELY NURTURING COMMUNITY OF WOMEN WITH DEVELOPMENTAL DISABILITIES BY CREATING INNOVATIVE AND GENUINE OPPORTUNITIES FOR FULL AND MEANINGFUL COMMUNITY PARTICIPATION IN A SPIRIT OF KINDNESS AND RESPECT RESULTING IN FEELINGS OF SELF-VALUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL - SMALL COMMUNITY SETTING PROVIDED TO ADULT WOMEN WITH DEVELOPMENTAL DISABILITIES
DAY PROGRAM - SMALL COMMUNITY SETTING PROVIDED TO ADULT WOMEN WITH DEVELOPMENTAL DISABILITIES; 23 CLIENTS SERVED
EMPLOYMENT - TO PROVIDE EMPLOYMENT OPPORTUNITIES TO THE WOMEN SERVED BY THE AGENCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca Amuso Wendell Executive Director | 40 | $106,719 | |
Jackie Stores Iovieno President | OfficerTrustee | 2 | $0 |
Lynn Barry Vice President | OfficerTrustee | 2 | $0 |
Ron Fontana Treasurer | OfficerTrustee | 2 | $0 |
Max Scherff Secretary | OfficerTrustee | 2 | $0 |
Ann Jones Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $108,689 |
| Noncash contributions included in lines 1a–1f | $6,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $108,689 |
| Total Program Service Revenue | $3,036,395 |
| Investment income | $206,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,385,886 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $128,231 |
| Compensation of current officers, directors, key employees. | $48,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,478,350 |
| Pension plan accruals and contributions | $60,000 |
| Other employee benefits | $176,478 |
| Payroll taxes | $157,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,190 |
| Fees for services: Accounting | $16,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,432 |
| Advertising and promotion | $15,767 |
| Office expenses | $6,425 |
| Information technology | $323 |
| Royalties | $0 |
| Occupancy | $132,590 |
| Travel | $1,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,183 |
| Insurance | $46,656 |
| All other expenses | $81,705 |
| Total functional expenses | $2,649,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,274 |
| Savings and temporary cash investments | $366,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $224,406 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $225,373 |
| Net Land, buildings, and equipment | $1,402,788 |
| Investments—publicly traded securities | $5,445,204 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,728,511 |
| Accounts payable and accrued expenses | $176,559 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $64,768 |
| Total liabilities | $241,327 |
| Net assets without donor restrictions | $7,486,599 |
| Net assets with donor restrictions | $585 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,728,511 |