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Nonprofiteer
← RILEY HOUSE NON PROFIT HOUSING CORPORATION

Form 990 for tax year 2023

Filed by RILEY HOUSE NON PROFIT HOUSING CORPORATION.

Totals

Total revenue
$719,944
Total expenses
$762,256
Contributions and grants received
$519,391
Grants paid
$0
Program service revenue
$194,438
Investment income
$523
Other revenue
$5,592
Total assets, end of year
$3,584,331
Total liabilities, end of year
$6,749,105
Net assets or fund balances, end of year
-$3,164,774
Program services expenses (Part IX)
$639,690
Management and general expenses
$122,566
Fundraising expenses
$0
Program service expenses (Part III)
$639,690

Program services were 83.9% 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)

    $519,391

  • 2a · Program service revenue: TENANT RENT

    total $194,438 · related or exempt $194,438

  • 3 · Investment income

    total $523 · excluded $523

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,394 · related or exempt $2,394

  • 11b · Other revenue: TENANT CHARGES

    total $1,789 · related or exempt $1,789

  • 11c · Other revenue: LAUNDRY INCOME

    total $1,409 · related or exempt $1,409

  • 11e · Other revenue, total

    $5,592

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $129,153 · program services $113,752 · management and general $15,401

  • 9 · Other employee benefits

    total $18,410 · program services $18,410

  • 10 · Payroll taxes

    total $11,652 · program services $10,288 · management and general $1,364

  • 11a · Fees: management

    total $54,724 · management and general $54,724

  • 11c · Fees: accounting

    total $10,870 · management and general $10,870

  • 12 · Advertising and promotion

    total $561 · program services $561

  • 13 · Office expenses

    total $40,816 · program services $609 · management and general $40,207

  • 16 · Occupancy

    total $171,344 · program services $171,344

  • 22 · Depreciation, depletion and amortization

    total $151,920 · program services $151,920

  • 23 · Insurance

    total $27,879 · program services $27,879

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $113,251 · program services $113,251

  • 24b · Other expenses: CASUALTY LOSS

    total $20,249 · program services $20,249

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $11,427 · program services $11,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $715 · end of year $10,659

  • 2 · Savings and temporary cash investments

    beginning of year $89,612 · end of year $107,734

  • 4 · Accounts receivable

    beginning of year $897 · end of year $232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,013 · end of year $27,139

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

    $7,091,072

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

    $3,664,921

  • 10c · Land, buildings and equipment, net

    beginning of year $3,522,985 · end of year $3,426,151

  • 15 · Other assets

    beginning of year $11,988 · end of year $12,416

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,891 · end of year $166,880

  • 19 · Deferred revenue

    beginning of year $84 · end of year $234

  • 23 · Secured mortgages and notes payable

    beginning of year $6,819,800 · end of year $6,569,800

  • 25 · Other liabilities

    beginning of year $11,897 · end of year $12,191

  • 27 · Net assets without donor restrictions

    beginning of year -$3,372,462 · end of year -$3,164,774

Mission and programs · 2023

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 $639,690 · Revenue $200,030

As filed on the 2023 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
2023
Filed
7 December 2024
IRS schema version
2023v5.1
Source object
202403429349300400

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