Riverside At Moorings Park Incorporated
- Assets
- $72.5m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Naples, FL
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-3512448
Organization Overview
Riverside At Moorings Park Incorporated is located in Naples, FL. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside At Moorings Park Incorporated 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 12/2023, Riverside At Moorings Park Incorporated generated $3.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS OPERATED EXCLUSIVELY FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel J Lavender President/chief Executive Officer | OfficerTrustee | 2 | $0 |
Ross Dickmann Chief Operating Officer | Officer | 2 | $0 |
Mary Morton CPA Chief Financial Officer | Officer | 2 | $0 |
Thomas Taylor Chair | OfficerTrustee | 2 | $0 |
Dudley Goodlette Secretary/treasurer | OfficerTrustee | 2 | $0 |
Clark Hill Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,764,000 |
| 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 | $2,764,000 |
| Total Program Service Revenue | $0 |
| Investment income | $477,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $652,917 |
| 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 | $3,894,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200,000 |
| 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 | $0 |
| Fees for services: Legal | $8,859 |
| Fees for services: Accounting | $10,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,078 |
| Fees for services: Other | $39,595 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $49,613 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,411,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $588,417 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,643 |
| 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 | $16,398 |
| Net Land, buildings, and equipment | $26,578,175 |
| Investments—publicly traded securities | $34,509,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,771,540 |
| Total assets | $72,468,171 |
| Accounts payable and accrued expenses | $46,595 |
| 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 | $4,964 |
| Total liabilities | $51,559 |
| Net assets without donor restrictions | $72,416,612 |
| 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 | $72,468,171 |
Grants Awarded
Over the last fiscal year, Riverside At Moorings Park Incorporated has awarded $1,819,014 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MOORINGS PARK HEALTHY LIVING INCORPORATED PURPOSE: INVEST IN PHYSICIAN SERVICES PROGRAMS CREATED TO STRENGTHEN OUR COMMITMENT TO SUCCESSFUL AGING. | $869,507 |
MOORINGS PARK FOUNDATION INC PURPOSE: SCHOLARSHIPS FOR HIGHER EDUCATION | $40,000 |
MOORINGS PARK FOUNDATION INC PURPOSE: SCHOLARSHIPS FOR HIGHER EDUCATION | $40,000 |
MOORINGS PARK HEALTHY LIVING INCORPORATED PURPOSE: INVEST IN PHYSICIAN SERVICES PROGRAMS CREATED TO STRENGTHEN OUR COMMITMENT TO SUCCESSFUL AGING. | $869,507 |