Riverview At Delhi Inc
- Assets
- $4.9m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Delhi, NY
- Founding
- 03/2009
- Data as of
- 06/2022
- EIN
- 26-3129170
Organization Overview
Riverview At Delhi Inc is located in Delhi, NY. The organization was established in 2009. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverview At Delhi Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Riverview At Delhi Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $751.4k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR SUNY DELHI STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR SUNY DELHI STUDENTS AS WELL AS HOUSING FOR OTHERS RELATED TO SUNY DELHI. 120 UNITS RENTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Griswold President | OfficerTrustee | 1 | $0 |
Joel Smith Executive Director | OfficerTrustee | 10 | $0 |
Michael T Sullivan Secretary | OfficerTrustee | 1 | $0 |
Charles Lefkowitz Vice President | OfficerTrustee | 1 | $0 |
Carol Bishop Treasurer | OfficerTrustee | 1 | $0 |
Neil Riddell Committee Member | Trustee | 1 | $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 | $1,081,543 |
| Investment income | $8,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,982 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,095,919 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $18,240 |
| Fees for services: Legal | $1,495 |
| Fees for services: Accounting | $49,256 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $260 |
| Fees for services: Other | $18,000 |
| Advertising and promotion | $0 |
| Office expenses | $3,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $267,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $191,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $177,477 |
| Insurance | $22,957 |
| All other expenses | $1,712 |
| Total functional expenses | $751,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $867,806 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,213 |
| 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 | $3,723 |
| Net Land, buildings, and equipment | $3,289,981 |
| Investments—publicly traded securities | $742,229 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,904,952 |
| Accounts payable and accrued expenses | $20,027 |
| Grants payable | $0 |
| Deferred revenue | $64,800 |
| 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 | $4,530,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,514 |
| Total liabilities | $4,710,890 |
| Net assets without donor restrictions | $194,062 |
| 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 | $4,904,952 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Riverview At Delhi Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Student Veterans Of America Washington, DC PURPOSE: VETERANS CENTER INITIATIVE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keystone Florida Property Holding Corp Harrisburg, PA | $157,175,881 | $17,315,641 |
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |