Ridgeview Terrace Inc
- Assets
- $2.6m
- Revenue
- $450.3k
- Investments
- $0.0
- Employees
- 4
- Location
- Ashtabula, OH
- Founding
- 03/2000
- Data as of
- 12/2021
- EIN
- 34-1918395
Organization Overview
Ridgeview Terrace Inc is located in Ashtabula, OH. The organization was established in 2000. 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 12/2021, Ridgeview Terrace Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeview Terrace 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 12/2021, Ridgeview Terrace Inc generated $450.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $551.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. 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 AFFORDABLE AND ACCESSIBLE HOUSING TO ELDERLY AND HANDICAPED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HUD SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judith Barris Chairperson | Trustee | 1 | $0 |
Jimmy Ruth Board Member | Trustee | 1 | $0 |
Carmen Kuula Board Member | Trustee | 1 | $0 |
Steve Cervas Board Member | Trustee | 1 | $0 |
Gwendolyn L Stegall Board Member | Trustee | 1 | $0 |
Brenda House Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $253,780 |
| 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 | $253,780 |
| Total Program Service Revenue | $194,418 |
| Investment income | $39 |
| 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 | $450,291 |
| 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. | $94,131 |
| 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 | $6,037 |
| Payroll taxes | $4,506 |
| Fees for services: Management | $28,800 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $499 |
| Office expenses | $16,585 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,154 |
| 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 | $115,582 |
| Insurance | $1,057 |
| All other expenses | $32,630 |
| Total functional expenses | $551,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,089 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,143 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $770 |
| Prepaid expenses and deferred charges | $6,356 |
| Net Land, buildings, and equipment | $2,287,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $294,911 |
| Total assets | $2,640,837 |
| Accounts payable and accrued expenses | $61,863 |
| Grants payable | $0 |
| Deferred revenue | $629 |
| 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 | $101,637 |
| Total liabilities | $164,129 |
| Net assets without donor restrictions | -$1,472,448 |
| Net assets with donor restrictions | $3,949,156 |
| 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 | $2,640,837 |
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