Ridgeview Terrace Inc
- Assets
- $2.5m
- Revenue
- $441.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Ashtabula, OH
- Founding
- 03/2000
- Data as of
- 12/2022
- 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. 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 12/2022, Ridgeview Terrace Inc generated $441.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $566.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 8 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
2022
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 |
Tony Scurpa Board Member | Trustee | 1 | $0 |
Carmen Kuula Board Member | Trustee | 1 | $0 |
Marlo Millard 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 | $238,091 |
| 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 | $238,091 |
| Total Program Service Revenue | $201,494 |
| Investment income | $1,757 |
| 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 | $441,819 |
| 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 | $95,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,624 |
| Payroll taxes | $6,859 |
| Fees for services: Management | $28,800 |
| Fees for services: Legal | $460 |
| Fees for services: Accounting | $13,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,036 |
| Office expenses | $19,673 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $209,975 |
| 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 | $120,059 |
| Insurance | $14,940 |
| All other expenses | $8,018 |
| Total functional expenses | $566,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,753 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,356 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,636 |
| Prepaid expenses and deferred charges | $7,511 |
| Net Land, buildings, and equipment | $2,186,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $324,285 |
| Total assets | $2,525,677 |
| Accounts payable and accrued expenses | $63,097 |
| 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 | $110,822 |
| Total liabilities | $173,919 |
| Net assets without donor restrictions | -$1,597,398 |
| 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 | $2,525,677 |