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Nonprofiteer
← RILEY HOUSE NON PROFIT HOUSING CORPORATION

Form 990 for tax year 2024

Filed by RILEY HOUSE NON PROFIT HOUSING CORPORATION.

Totals

Total revenue
$764,519
Total expenses
$846,365
Contributions and grants received
$567,216
Grants paid
$0
Program service revenue
$195,610
Investment income
$663
Other revenue
$1,030
Total assets, end of year
$3,466,297
Total liabilities, end of year
$6,712,917
Net assets or fund balances, end of year
-$3,246,620
Program services expenses (Part IX)
$732,713
Management and general expenses
$113,652
Fundraising expenses
$0
Program service expenses (Part III)
$732,713

Program services were 86.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $567,216

  • 2a · Program service revenue: TENANT RENT

    total $195,610 · related or exempt $195,610

  • 3 · Investment income

    total $663 · excluded $663

  • 11a · Other revenue: LAUNDRY INCOME

    total $985 · related or exempt $985

  • 11b · Other revenue: TENANT CHARGES

    total $45 · related or exempt $45

  • 11e · Other revenue, total

    $1,030

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $145,237 · program services $132,675 · management and general $12,562

  • 9 · Other employee benefits

    total $24,417 · program services $24,417

  • 10 · Payroll taxes

    total $14,117 · program services $12,993 · management and general $1,124

  • 11a · Fees: management

    total $56,639 · management and general $56,639

  • 11c · Fees: accounting

    total $10,533 · management and general $10,533

  • 12 · Advertising and promotion

    total $766 · program services $766

  • 13 · Office expenses

    total $33,492 · program services $698 · management and general $32,794

  • 16 · Occupancy

    total $182,683 · program services $182,683

  • 22 · Depreciation, depletion and amortization

    total $155,279 · program services $155,279

  • 23 · Insurance

    total $33,843 · program services $33,843

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $186,605 · program services $186,605

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $2,754 · program services $2,754

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,659 · end of year $12,316

  • 2 · Savings and temporary cash investments

    beginning of year $107,734 · end of year $129,785

  • 4 · Accounts receivable

    beginning of year $232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,139 · end of year $27,786

  • 10a · Land, buildings and equipment: cost or other basis

    $7,104,392

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,820,200

  • 10c · Land, buildings and equipment, net

    beginning of year $3,426,151 · end of year $3,284,192

  • 15 · Other assets

    beginning of year $12,416 · end of year $12,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,880 · end of year $130,884

  • 19 · Deferred revenue

    beginning of year $234 · end of year $42

  • 23 · Secured mortgages and notes payable

    beginning of year $6,569,800 · end of year $6,569,800

  • 25 · Other liabilities

    beginning of year $12,191 · end of year $12,191

  • 27 · Net assets without donor restrictions

    beginning of year -$3,164,774 · end of year -$3,246,620

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO QUALIFIED ELDERLY PERSONS.

  • TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

    Expenses $732,713 · Revenue $196,640

As filed on the 2024 return.

Listed in Part VII

  • WILLIAM GROGAN

    PRESIDENT & CLERK

    Total calculated
    $0
    Hours/week
    2

  • JOHN NOONE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH SHAUGHNESSY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RONALD COYNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES CARROLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
24 March 2026
IRS schema version
2024v5.5
Source object
202620839349300332

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