Ridgeview Heights Independent Living Corporation
- Assets
- $9.2m
- Revenue
- $475.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Reedsburg, WI
- Founding
- 12/1989
- Data as of
- 09/2022
- EIN
- 39-1618594
Organization Overview
Ridgeview Heights Independent Living Corporation is located in Reedsburg, WI. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeview Heights Independent Living Corporation 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 09/2022, Ridgeview Heights Independent Living Corporation generated $475.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.0m during the year ending 09/2022. 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
PROVIDE ECONOMICAL HOUSING TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES ECONOMICAL HOUSING FOR ELDERLY INDIVIDUALS WHERE ALL REPAIRS AND MAINTENANCE ARE TAKEN CARE OF FOR THEM. AT SEPTEMBER 30 THE ORGANIZATION OPERATES 60 HOUSING UNITS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Fusch President | Officer | 1 | $0 |
Helen Miller Secretary/treasurer | Officer | 1 | $0 |
Ryan Shear Vice President | Officer | 1 | $0 |
Richard Jorandby Director | Trustee | 1 | $0 |
Cj Neumann Director | Trustee | 1 | $0 |
Jeff Steel Director | 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 | $705,434 |
| Investment income | $69 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,765 |
| 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 | $475,646 |
| 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 | $140,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,194 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,462 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $88,195 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $408,557 |
| Insurance | $54,949 |
| All other expenses | $13,164 |
| Total functional expenses | $1,041,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $410,166 |
| Savings and temporary cash investments | $1,710,401 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $28,100 |
| Net Land, buildings, and equipment | $7,030,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,179,404 |
| Accounts payable and accrued expenses | $99,280 |
| Grants payable | $0 |
| Deferred revenue | $1,190,818 |
| 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 | $9,932,433 |
| Other liabilities | $0 |
| Total liabilities | $11,222,531 |
| Net assets without donor restrictions | -$2,043,127 |
| 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 | $9,179,404 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ridgeview Heights Independent Living Corporation has recieved totaling $27,981.
| Awarding Organization | Amount |
|---|---|
Reedsburg Area Medical Center Inc Reedsburg, WI PURPOSE: GENERAL OPERATIONS | $27,981 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Martin Health Center Inc Cedar Falls, IA | $21,811,733 | $19,618,814 |
Wayzata Bay Senior Housing Inc Roseville, MN | $167,500,836 | $19,706,381 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Samaritan Bethany Inc Rochester, MN | $35,223,208 | $19,680,043 |
Meth-Wick Community Cedar Rapids, IA | $36,346,966 | $18,595,855 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |
Trinity Continuing Care Services Indiana Inc Farmington Hills, MI | $52,731,208 | $17,209,435 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |
Francis House Inc Galesburg, IL | $146,726,305 | $35,225,413 |