Riverside Senior Living Center
- Assets
- $70.1m
- Revenue
- $24.9m
- Investments
- $0.0
- Employees
- 529
- Location
- Kankakee, IL
- Founding
- 10/1994
- Data as of
- 12/2022
- EIN
- 36-3670744
Organization Overview
Riverside Senior Living Center is located in Kankakee, IL. The organization was established in 1994. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Riverside Senior Living Center employed 529 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Senior Living Center 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, Riverside Senior Living Center generated $24.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $26.8m during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
RIVERSIDE SENIOR LIVING CENTER'S MISSION IS TO OPERATE A CONTINUING CARE FACILITY THAT PROVIDES QUALITY INDEPENDENT AND ASSISTED LIVING CARE AS WELL AS SKILLED NURSING CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RIVERSIDE SENIOR LIVING CENTER OPERATES MILLER NURSING HOME, A LONG-TERM CARE DIVISION THAT PROVIDES INTERMEDIATE, SKILLED AND SUB-ACUTE LEVELS OF CARE. SERVICES PROVIDED ARE OVERSEEN BY THE ADMINISTRATOR AND THE DIRECTOR OF NURSING. IN ADDITION TO PROVIDING SKILLED NURSING SERVICES, THE FACILITY ALSO PROVIDES AN ARRAY OF PHYSICAL, SPEECH AND OCCUPATIONAL THERAPY FOR THE RESIDENTS OF THE FACILITY. A MULTITUDE OF OTHER SERVICES AVAILABLE ARE PROVIDED THROUGH A CONTRACTUAL AGREEMENT WITH OTHER PROVIDERS (I.E. PODIATRIST, DENTAL SERVICES, PHARMACEUTICALS AND OPTOMETRY). THIS DIVISION IS LICENSED BY THE ILLINOIS DEPARTMENT OF PUBLIC HEALTH AND IS CERTIFIED FOR MEDICARE AND MEDICAID RECIPIENTS. DURING THE YEAR 2022, THIS FACILITY PROVIDED APPROXIMATELY 31,016 RESIDENT CARE DAYS.
COMMUNITY FEES & ACTIVITY FEES
RIVERSIDE SENIOR LIVING CENTER OPERATES AN ASSISTED LIVING COMMUNITY DESIGNED TO PROVIDE QUALITY CARE AND HOUSING OF THOSE NOT ABLE TO LIVE INDEPENDENTLY. ALL THE SAME SERVICES THAT INDEPENDENT LIVING RESIDENTS RECEIVE ARE ALSO AVAILABLE TO THOSE IN THE ASSISTED LIVING COMMUNITY. THE RESIDENTS OF THE ASSISTED LIVING COMMUNITY ALSO RECEIVE THREE MEALS DAILY AND ASSISTANCE WITH CERTAIN LIVING ACTIVITIES AS THE INDIVIDUAL RESIDENT MAY REQUEST. IN 2022, APPROXIMATELY 132 OF THE 176 UNITS WERE OCCUPIED FOR THE ENTIRE YEAR.
RIVERSIDE SENIOR LIVING CENTER OPERATES AN INDEPENDENT LIVING RETIREMENT COMMUNITY DESIGNED TO PROVIDE HOUSING IN THE FORM OF EITHER AN APARTMENT OR A HOUSE. A VARIETY OF SERVICES ARE OFFERED FOR RESIDENTS INCLUDING HOUSEKEEPING, UTILITIES, MAINTENANCE, TRANSPORTATION, SECURITY MONITORING, A 24-HR CALL SYSTEM, A FULL ARRAY OF RECREATIONAL SOCIAL PROGRAMS, LAWN CARE AND SNOW REMOVAL. THERE ARE APPROXIMATELY 90 INDEPENDENT LIVING UNITS OF WHICH APPROXIMATELY 61 WERE OCCUPIED THE ENTIRE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo | OfficerTrustee | 1 | $0 |
Name Not Listed Director (thru June 2022) | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthpro Heritage Therapy Services | 12/30/22 | $547,530 |
Functional Pathways Therapy Services | 12/30/22 | $354,968 |
Tatro Painting Painting Services | 12/30/22 | $303,947 |
R&d Construction Construction | 12/30/22 | $294,856 |
Tandem Marketing & Sales Services | 12/30/22 | $273,809 |
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 | $24,288,772 |
| Investment income | $952,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$669,707 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,876,423 |
| 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 | $13,071,782 |
| Pension plan accruals and contributions | $337,130 |
| Other employee benefits | $1,399,869 |
| Payroll taxes | $909,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $89,317 |
| Fees for services: Other | $3,125,484 |
| Advertising and promotion | $88,564 |
| Office expenses | $14,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,021,053 |
| Travel | $40,997 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $675,627 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,324,512 |
| Insurance | $374,479 |
| All other expenses | $864,617 |
| Total functional expenses | $26,844,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,593,999 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,195,628 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,954 |
| Prepaid expenses and deferred charges | $65,707 |
| Net Land, buildings, and equipment | $32,258,839 |
| Investments—publicly traded securities | $29,899,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,046,963 |
| Total assets | $70,132,858 |
| Accounts payable and accrued expenses | $22,976,209 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $17,408,915 |
| 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 | $3,280,980 |
| Total liabilities | $43,666,104 |
| Net assets without donor restrictions | $26,264,104 |
| Net assets with donor restrictions | $202,650 |
| 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 | $70,132,858 |