Riverside Elderly Development Corp
- Assets
- $323.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Liberty, IA
- Founding
- 11/1978
- Data as of
- 12/2021
- EIN
- 42-1054221
Organization Overview
Riverside Elderly Development Corp is located in West Liberty, IA. The organization was established in 1978. According to its NTEE Classification (G94) the organization is classified as: Geriatrics, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Elderly Development Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Riverside Elderly Development Corp generated $144.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $146.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING FOR LOW TO MODERATE INCOME PERSONS ON SLIDING FEE SCALE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli Schwarz Secretary | 2 | $0 | |
Marcia Musser President | 2 | $0 | |
Luann Wagamon Director | 1 | $0 | |
Dale Thompson Treasurer | 2 | $0 | |
John Sojka Vice President | 1 | $0 | |
Jeanine Thurston Executive Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $144,230 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $144,230 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,685 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $138,255 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $146,940 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $8,009 |
| Other assets | $0 |
| Total assets | $323,161 |
| Total liabilities | $223,686 |
| Net assets or fund balances | $99,475 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Shepherd Geriatric Center Inc Mason City, IA | $49,080,316 | $22,498,287 |
Sjl Health Systems Inc Peoria, IL | $1,726,280 | $3,468,978 |
Midwest Geriatrics Inc Omaha, NE | $1,144,302 | $1,834,083 |
Woodside Oaks Inc Green Bay, WI | $8,246,800 | $1,277,237 |
Mary Caroline Phelps Tr For Aging In America Chicago, IL | $6,769,294 | $829,711 |
Riverside Elderly Development Corp West Liberty, IA | $323,161 | $0 |
Iowa Association Of Area Agencies On Aging Pleasantville, IA | $93,640 | $0 |
James R Elder Trust Champaign, IL | $217,671 | $155,227 |
Sencar Belmond, IA | $1,658 | $0 |
Skonewood Inc Grantsburg, WI | $1,198,668 | $62,342 |
Shelby County Council On Aging Inc Shelbyville, IL | $31,683 | $0 |
Aged & Indigent Old Folks Of El Paso County Chicago, IL | $673,379 | $39,337 |