Ridgecrest At Richfield
- Assets
- $1.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Salem, VA
- Founding
- 01/2008
- Data as of
- 09/2021
- EIN
- 26-0821403
Organization Overview
Ridgecrest At Richfield is located in Salem, VA. The organization was established in 2008. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Ridgecrest At Richfield employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgecrest At Richfield 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 09/2021, Ridgecrest At Richfield generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INDEPENDENT, AFFORDABLE, HIGH-QUALITY HOUSING AND RELATED AMENITIES AND SERVICES FOR SENIOR INDIVIDUALS AND FAMILIES OF THE GREATER ROANOKE VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF AN AFFORDABLE HOUSING COMPLEX FOR SENIOR AND DISABLED INDIVIDUALS AND FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirtesh Patel Board Chair | OfficerTrustee | 2 | $0 |
Donnovan Young Treasurer, Vice Chair | OfficerTrustee | 2 | $0 |
Melinda Payne Secretary | OfficerTrustee | 2 | $0 |
Cherie Grisso CEO | Officer | 2 | $0 |
Sue Lafave Chso Through October 2020 | Officer | 2 | $0 |
Tonya Woolwine Executive/corp Secretary | Officer | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,099,482 |
| Investment income | $317 |
| 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 | $1,099,799 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,724 |
| Pension plan accruals and contributions | $1,417 |
| Other employee benefits | $53,052 |
| Payroll taxes | $14,174 |
| Fees for services: Management | $79,564 |
| Fees for services: Legal | -$350 |
| Fees for services: Accounting | $16,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | -$49 |
| Office expenses | $18,360 |
| Information technology | $6,032 |
| Royalties | $0 |
| Occupancy | $341,819 |
| Travel | $0 |
| 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 | $226,328 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,056,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,920 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,517 |
| 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 | $23,686 |
| Net Land, buildings, and equipment | $1,308,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $409,637 |
| Total assets | $1,944,565 |
| Accounts payable and accrued expenses | $85,273 |
| 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 | $2,060,107 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,420 |
| Total liabilities | $2,220,800 |
| Net assets without donor restrictions | -$276,235 |
| Net assets with donor restrictions | $0 |
| 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 | $1,944,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
The Glebe Inc Glen Allen, VA | $79,347,451 | $20,057,701 |
The Washington Center For Internships And Academic Seminars Washington, DC | $44,342,830 | $20,060,220 |
Homewood At Williamsport Md Inc Williamsport, MD | $33,819,654 | $18,842,651 |
Cypress Of Charlotte Club Inc Charlotte, NC | $4,602,507 | $19,033,502 |
Alliance Foundation Of Florida Inc Fairfax, VA | $3,980,019 | $2,209,632 |
Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Lutheran Home At Trinity Oaks Inc Salisbury, NC | $16,250,206 | $13,832,203 |
Abes Garden Nashville, TN | $36,175,841 | $14,527,368 |
Wesley Manor Retirement Community Inc Louisville, KY | $9,224,359 | $9,135,157 |
Lifespire Of Virginia Glen Allen, VA | $66,161,909 | $8,820,978 |
Landow House Inc Rockville, MD | $22,817,674 | $9,183,243 |