Riverside Elderly Development Corp
- Assets
- $256.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Liberty, IA
- Founding
- 11/1978
- Data as of
- 12/2023
- 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 12/2023, Riverside Elderly Development Corp generated $163.8k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $171.9k during the year ending 12/2023. While expenses have increased by 1.5% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
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 |
|---|---|---|---|
Marcia Musser President | 2 | $0 | |
Kelli Schwarz Secretary | 2 | $0 | |
Mary Beth Sammons Treasurer | 2 | $0 | |
Joette Armbruster Director | 2 | $0 | |
Beverly Schneider Vice President | 1 | $0 | |
Jeanine Thurston Executive Director | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $163,813 |
| Membership dues | $0 |
| Investment income | $20 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $163,833 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,200 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $162,669 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $171,869 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $670 |
| Other assets | $0 |
| Total assets | $255,953 |
| Total liabilities | $172,019 |
| Net assets or fund balances | $83,934 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Good Shepherd Geriatric Center Inc Mason City, IA | $50,632,736 | $19,930,091 |
Sjl Health Systems Inc Peoria, IL | $1,754,626 | $3,687,001 |
Midwest Geriatrics Inc Omaha, NE | $930,178 | $1,543,733 |
Woodside Oaks Inc Green Bay, WI | $8,760,540 | $1,258,295 |
Mary Caroline Phelps Tr For Aging In America Chicago, IL | $6,479,835 | $389,990 |
James R Elder Trust Champaign, IL | $213,575 | $169,759 |
Riverside Elderly Development Corp West Liberty, IA | $255,953 | $0 |
Iowa Association Of Area Agencies On Aging Pleasantville, IA | $101,032 | $0 |
Shelby County Council On Aging Inc Shelbyville, IL | $13,380 | $0 |
Skonewood Inc Grantsburg, WI | $1,187,895 | $76,684 |
Sencar Belmond, IA | $26,921 | $0 |
Aged & Indigent Old Folks Of El Paso County Chicago, IL | $632,261 | $30,246 |
Missouri Chapter Of The National Academy Of Elder Law Attorneys Jefferson City, MO | $98,423 | $0 |
Illinois Association Of Area Agencies On Aging Carterville, IL | $98,323 | $0 |
Elder Attie Hermon Montgomery Foundation Maywood, IL | $733,144 | $21,467 |
Pulaski County Voluntary Coalition For The Aging Dixon, MO | $2,950 | $0 |