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Nonprofiteer
← RIVERSIDE PRESBYTERIAN APARTMENTS INC

Form 990 for tax year 2024

Filed by RIVERSIDE PRESBYTERIAN APARTMENTS INC.

Totals

Total revenue
$2,281,421
Total expenses
$4,178,334
Contributions and grants received
$69,735
Grants paid
$0
Program service revenue
$2,224,681
Investment income
-$12,995
Other revenue
$0
Total assets, end of year
$2,185,909
Total liabilities, end of year
$867,217
Net assets or fund balances, end of year
$1,318,692
Program services expenses (Part IX)
$4,178,334
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$4,178,334

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $69,735

  • 2a · Program service revenue: NET ROOM RENTAL

    total $1,560,985 · related or exempt $1,560,985

  • 2b · Program service revenue: FEES/CONTRACTS FROM GOV AGENC

    total $614,098 · related or exempt $614,098

  • 2c · Program service revenue: OTHER REVENUE

    total $49,598 · related or exempt $49,598

  • 3 · Investment income

    total $195 · excluded $195

  • 7b · Less cost or other basis and sales expenses

    other assets $13,190

  • 7c · Gain or loss

    other assets -$13,190

  • 7d · Net gain or loss

    total -$13,190 · related or exempt -$13,190

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $638,951 · program services $638,951

  • 8 · Pension plan contributions

    total $11,927 · program services $11,927

  • 9 · Other employee benefits

    total $69,168 · program services $69,168

  • 10 · Payroll taxes

    total $39,807 · program services $39,807

  • 11a · Fees: management

    total $195,461 · program services $195,461

  • 11b · Fees: legal

    total $1,702 · program services $1,702

  • 11c · Fees: accounting

    total $12,269 · program services $12,269

  • 12 · Advertising and promotion

    total $4,073 · program services $4,073

  • 13 · Office expenses

    total $13,309 · program services $13,309

  • 16 · Occupancy

    total $295,326 · program services $295,326

  • 17 · Travel

    total $256 · program services $256

  • 19 · Conferences, conventions and meetings

    total $2,073 · program services $2,073

  • 22 · Depreciation, depletion and amortization

    total $118,700 · program services $118,700

  • 23 · Insurance

    total $195,476 · program services $195,476

  • 24a · Other expenses: DISASTER EXPENSES

    total $2,132,593 · program services $2,132,593

  • 24b · Other expenses: MAINTENANCE

    total $263,703 · program services $263,703

  • 24c · Other expenses: SUPPLIES - PROGRAM SERVIC

    total $118,103 · program services $118,103

  • 24d · Other expenses: TRASH COLLECTION

    total $34,570 · program services $34,570

  • 24e · All other expenses

    total $30,867 · program services $30,867

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,439,795 · end of year $39,490

  • 4 · Accounts receivable

    beginning of year $112,088 · end of year $47,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $152,274 · end of year $141,800

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

    $6,519,863

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

    $4,935,397

  • 10c · Land, buildings and equipment, net

    beginning of year $1,112,961 · end of year $1,584,466

  • 15 · Other assets

    beginning of year $719,153 · end of year $372,628

  • 17 · Accounts payable and accrued expenses

    beginning of year $172,726 · end of year $729,342

  • 19 · Deferred revenue

    beginning of year $23,988 · end of year $21,564

  • 25 · Other liabilities

    beginning of year $123,952 · end of year $116,311

  • 27 · Net assets without donor restrictions

    beginning of year $3,215,605 · end of year $1,318,692

Mission and programs · 2024

Mission

WE ARE A CHURCH RELATED, NON-PROFIT ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS BY CREATING AND PRESERVING EXCELLENT RESIDENTIAL FACILITIES. WE BELIEVE IN AND ARE COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WE ARE COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES THE RESPONSIBILITY TO USE OUR RESOURCES WELL.

  • PROVIDING HOUSING FOR THE LOW INCOME ELDERLY UNDER SECTIONS 8 AND 202 UNDER THE NATIONAL HOUSING ACT FOR LOW INCOME ELDERLY CITIZENS. THE ORGANIZATION OPERATES A 204 UNIT FACILITY.

    Expenses $4,178,334 · Revenue $2,224,681

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Linda Shelley

    CHAIRMAN

    Total calculated
    $0

  • Terence Rogers

    CEO/PRESIDEN

    Total calculated
    $1,209,980
    From this org
    $0
    From related orgs
    $1,176,383
    Other
    $33,597

    Schedule J breakdown matched by us

    Base
    not reported + $414,691 related
    Bonus
    not reported + $74,997 related
    Other
    not reported + $686,695 related
    Deferred
    not reported + $25,039 related
    Nontaxable benefits
    not reported + $8,558 related
    Filer's total
    not reported + $1,209,980 related

  • Henry Keith

    CEO/PRESIDEN

    Total calculated
    $714,829
    From this org
    $0
    From related orgs
    $682,696
    Other
    $32,133

  • Henry Keith

    CFO/TREASUR/

    Total calculated
    $0

  • Garry Hennis

    COO/EXECUTIV

    Total calculated
    $681,135
    From this org
    $0
    From related orgs
    $648,336
    Other
    $32,799

    Schedule J breakdown matched by us

    Base
    not reported + $505,354 related
    Bonus
    not reported + $112,026 related
    Other
    not reported + $30,956 related
    Deferred
    not reported + $21,887 related
    Nontaxable benefits
    not reported + $10,912 related
    Filer's total
    not reported + $681,135 related

  • Jennifer Martens

    CFO/TREASUR/

    Total calculated
    $301,500
    From this org
    $0
    From related orgs
    $275,285
    Other
    $26,215

    Schedule J breakdown matched by us

    Base
    not reported + $218,332 related
    Bonus
    not reported + $32,058 related
    Other
    not reported + $24,895 related
    Deferred
    not reported + $13,709 related
    Nontaxable benefits
    not reported + $12,506 related
    Filer's total
    not reported + $301,500 related

  • Megan Faubel

    SECRETARY

    Total calculated
    $0

  • Dave Tuttle

    DIRECTOR

    Total calculated
    $0

  • William Wheeler

    DIRECTOR

    Total calculated
    $0

  • Steven Judd

    DIRECTOR

    Total calculated
    $0

  • Mary Ellen Early

    DIRECTOR

    Total calculated
    $0

  • William Hull

    DIRECTOR

    Total calculated
    $0

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

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Henry Keith

    CEO/PRESIDENT

    Schedule J breakdown

    Base
    not reported + $515,926 related
    Bonus
    not reported + $126,586 related
    Other
    not reported + $40,184 related
    Deferred
    not reported + $21,221 related
    Nontaxable benefits
    not reported + $10,912 related
    Filer's total
    not reported + $714,829 related

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

SCHEDULE J, PAGE 1, PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION (WESTMINSTER SERVICES, INC. 59-3614812) FOR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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
2024
Filed
8 May 2026
IRS schema version
2024v5.0
Source object
202611349349305381

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