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Nonprofiteer
← RIVERSIDE HOUSING CORPORATION

Form 990 for tax year 2024

Filed by RIVERSIDE HOUSING CORPORATION.

Totals

Total revenue
$581,425
Total expenses
$445,116
Contributions and grants received
$387,461
Grants paid
$0
Program service revenue
$180,590
Investment income
$826
Other revenue
$12,548
Total assets, end of year
$677,996
Total liabilities, end of year
$72,825
Net assets or fund balances, end of year
$605,171
Program services expenses (Part IX)
$317,815
Management and general expenses
$127,301
Fundraising expenses
$0
Program service expenses (Part III)
$317,815

Program services were 71.4% 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)

    $387,461

  • 2a · Program service revenue: TENANT RENTS

    total $180,590 · related or exempt $180,590

  • 3 · Investment income

    total $826 · related or exempt $826

  • 11a · Other revenue: SERVICE INCOME

    total $12,548 · related or exempt $12,548

  • 11e · Other revenue, total

    $12,548

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,707 · management and general $4,707

  • 11c · Fees: accounting

    total $12,620 · management and general $12,620

  • 13 · Office expenses

    total $5,448 · management and general $5,448

  • 16 · Occupancy

    total $92,328 · program services $92,328

  • 19 · Conferences, conventions and meetings

    total $1,743 · management and general $1,743

  • 22 · Depreciation, depletion and amortization

    total $30,154 · program services $30,154

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $132,027 · program services $132,027

  • 24b · Other expenses: ADMINISTRATIVE

    total $102,783 · management and general $102,783

  • 24c · Other expenses: TAXES AND INSURANCE

    total $63,306 · program services $63,306

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,530 · end of year $18,745

  • 4 · Accounts receivable

    beginning of year $15,918 · end of year $765

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,276 · end of year $1,263

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

    $1,738,172

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

    $1,470,272

  • 10c · Land, buildings and equipment, net

    beginning of year $298,054 · end of year $267,900

  • 15 · Other assets

    beginning of year $280,298 · end of year $389,323

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,807 · end of year $56,448

  • 19 · Deferred revenue

    beginning of year $2,380 · end of year $2,654

  • 23 · Secured mortgages and notes payable

    beginning of year $85,861

  • 25 · Other liabilities

    beginning of year $13,166 · end of year $13,723

  • 27 · Net assets without donor restrictions

    beginning of year $468,862 · end of year $605,171

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND/OR HANDICAPPED IN THE FRANKLIN, NEW HAMPSHIRE AREA.

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND/OR HANDICAPPED

  • TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND/OR HANDICAPPED IN THE FRANKLIN, NH AREA.

    Expenses $317,815 · Revenue $193,964

As filed on the 2024 return.

Listed in Part VII

  • Jeanne Agri

    PRESIDENT

    Total calculated
    $166,826
    From this org
    $0
    From related orgs
    $137,033
    Other
    $29,793
    Hours/week
    2

    Schedule J breakdown matched by us

    Base
    $0 + $137,033 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $29,793 related
    Filer's total
    $0 + $166,826 related

  • Michael Tabory

    VICE PRESIDENT

    Total calculated
    $135,953
    From this org
    $0
    From related orgs
    $114,468
    Other
    $21,485
    Hours/week
    2

  • Steven Gregoire

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Beth Hayward

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Jill Lesmerises

    TREASURER

    Total calculated
    $119,802
    From this org
    $0
    From related orgs
    $105,273
    Other
    $14,529
    Hours/week
    2

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

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

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
24 February 2025
IRS schema version
2024v5.0
Source object
202510579349301421

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