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Nonprofiteer
← RIVERWAY HOMES LTD

Form 990 for tax year 2023

Filed by RIVERWAY HOMES LTD.

Totals

Total revenue
$188,601
Total expenses
$218,875
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$187,511
Investment income
$1,090
Other revenue
$0
Total assets, end of year
$642,871
Total liabilities, end of year
$15,641
Net assets or fund balances, end of year
$627,230
Program services expenses (Part IX)
$171,009
Management and general expenses
$47,866
Fundraising expenses
$0
Program service expenses (Part III)
$171,009

Program services were 78.1% 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.

  • 2a · Program service revenue: RENTAL REVENUE

    total $186,557 · related or exempt $186,557

  • 2b · Program service revenue: MISCELLANEOUS REVENUE

    total $954 · related or exempt $954

  • 3 · Investment income

    total $1,090 · excluded $1,090

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $33,871 · program services $33,871

  • 9 · Other employee benefits

    total $6,841 · program services $6,841

  • 10 · Payroll taxes

    total $2,524 · program services $2,524

  • 11a · Fees: management

    total $24,300 · management and general $24,300

  • 11b · Fees: legal

    total $15 · program services $15

  • 11c · Fees: accounting

    total $12,488 · management and general $12,488

  • 12 · Advertising and promotion

    total $432 · program services $432

  • 13 · Office expenses

    total $2,473 · program services $2,473

  • 14 · Information technology

    total $3,293 · management and general $3,293

  • 16 · Occupancy

    total $37,886 · program services $37,886

  • 17 · Travel

    total $2,995 · management and general $2,995

  • 22 · Depreciation, depletion and amortization

    total $30,082 · program services $30,082

  • 23 · Insurance

    total $8,027 · program services $8,027

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $47,884 · program services $47,884

  • 24b · Other expenses: MISCELLANEOUS ADMINISTR

    total $4,790 · management and general $4,790

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $974 · program services $974

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $978 · end of year $582

  • 4 · Accounts receivable

    beginning of year $186 · end of year $275

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,896 · end of year $4,245

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

    $1,111,787

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

    $712,079

  • 10c · Land, buildings and equipment, net

    beginning of year $429,790 · end of year $399,708

  • 15 · Other assets

    beginning of year $247,859 · end of year $238,061

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,256 · end of year $8,548

  • 19 · Deferred revenue

    beginning of year $77 · end of year $34

  • 25 · Other liabilities

    beginning of year $6,872 · end of year $7,059

  • 27 · Net assets without donor restrictions

    beginning of year -$304,996 · end of year -$335,270

  • 28 · Net assets with donor restrictions

    beginning of year $962,500 · end of year $962,500

Mission and programs · 2023

Mission

HANDICAPPED HOUSING

  • PROVIDE HANDICAPPED PERSONS WITH HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR NEEDS BY OPERATING A 24-UNIT HOUSING FACILITY.

    Expenses $171,009 · Revenue $187,511

As filed on the 2023 return.

Listed in Part VII

  • BRETT GERBER

    PRESIDENT/CEO

    Total calculated
    $648,255
    From this org
    $0
    From related orgs
    $509,396
    Other
    $138,859
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $350,130 related
    Bonus
    $0 + $133,768 related
    Other
    $0 + $25,498 related
    Deferred
    $0 + $109,900 related
    Nontaxable benefits
    $0 + $28,959 related
    Filer's total
    $0 + $648,255 related

  • TERRA PAWLIUK-MCGIFFIN

    SECRETARY/TREASURER

    Total calculated
    $154,515
    From this org
    $0
    From related orgs
    $116,271
    Other
    $38,244
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $99,804 related
    Bonus
    $0 + $16,000 related
    Other
    $0 + $467 related
    Deferred
    $0 + $3,732 related
    Nontaxable benefits
    $0 + $34,512 related
    Filer's total
    $0 + $154,515 related

  • CAROLINE LOYAS

    DIRECTOR

    Total calculated
    $143,597
    From this org
    $0
    From related orgs
    $113,408
    Other
    $30,189
    Hours/week
    1 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. IMPACT SEVEN, INC. USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -WRITTEN EMPLOYMENT CONTRACT, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
BRETT GERBER PARTICIPATED IN A SECTION 457(F) BENEFIT PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR.
PART II:
THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. THE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES THE ORGANIZATION FOR ITS USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443169349305344

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