Riverside First Baptist Homes Inc
- Assets
- $12.9m
- Revenue
- $446.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Duarte, CA
- Founding
- 12/1971
- Data as of
- 09/2023
- EIN
- 95-2652092
Organization Overview
Riverside First Baptist Homes Inc is located in Duarte, CA. The organization was established in 1971. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Riverside First Baptist Homes 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 09/2023, Riverside First Baptist Homes Inc generated $446.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $302.0 during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (70.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTEGRAL PART OF LIFE IN THE AFFORDABLE HOUSING COMMUNITIES. RESIDENT ACTIVITY COMMITTEES WORK CLOSELY WITH MANAGEMENT STAFF IN INITIATING AND PLANNING FACILITY EVENTS AND PROGRAMS. THESE PROGRAMS INCLUDE, BUT ARE NOT LIMITED TO, HOLIDAY AND BIRTHDAY MEALS, EXERCISE CLASSES, RESTAURANTVISITS, EDUCATIONAL SPEAKERS, ENGLISH LANGUAGE CLASSES, CITIZENSHIP CLASSES, CRAFT INSTRUCTION AND TRIPS TO LOCAL ATTRACTIONS.SENIORS LIVING IN THE SURROUNDING COMMUNITY ARE FREQUENTLY INVITED TO PARTICIPATE IN THESE EVENTS. RESIDENTS AND STAFF PLAN SPECIAL ACTIVITIES IN COOPERATION WITH LOCAL SCHOOLS AND AGENCIES SERVING CHILDREN.ONGOING EDUCATION PROGRAMS ARE MADE AVAILABLE TO RESIDENTS REGARDING DURABLE POWER OF ATTORNEY FOR HEALTH CARE DECISIONS, MEDICARE, MEDI-CAL, HMO AND SUPPLEMENTAL INSURANCE DECISIONS, AS WELL AS OTHER PROGRAMS PERTAINING TO SENIOR HEALTH ISSUES.
SUPPORTIVE SERVICES - THE SUPPORTIVE SERVICE PROGRAM PROVIDES CASE MANAGEMENT AND ADVOCACY SERVICES TO RESIDENTS AS THEY AGE IN PLACE. STAFF ASSISTS RESIDENTS IN ACCESSING COMMUNITY AGENCIES AND COORDINATING PLACEMENTS IN OTHER FACILITIES, AS NEEDED. IN ADDITION, RESIDENTS ARE GIVENSUPPORT IN PROBLEM SOLVING, FAMILY ISSUES, AND ACCESSING GOVERNMENT AND COMMUNITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Hoyt President | 1 | $0 | |
Barbara Chapman Vice President | 1 | $0 | |
Diana Golbaf Member | 1 | $0 | |
Paul Lovan Member | 1 | $0 | |
Donald Wolff Member | 1 | $0 | |
Beverly Johnson Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $446,454 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $446,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $82 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $220 |
| Total operating and administrative expenses | $302 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,108 |
| Savings and temporary cash investments | $54,147 |
| Net Accounts receivable | $1,581,029 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $11,193,492 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $35,440 |
| Total assets | $12,878,216 |
| Accounts payable and accrued expenses | $10,302 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,302 |