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Nonprofiteer
← RIVER GROVE RETIREMENT COMMUNITY INC

Form 990 for tax year 2024

Filed by RIVER GROVE RETIREMENT COMMUNITY INC.

Totals

Total revenue
$354,517
Total expenses
$414,225
Contributions and grants received
$809
Grants paid
$0
Program service revenue
$353,524
Investment income
$184
Other revenue
$0
Total assets, end of year
$1,719,364
Total liabilities, end of year
$3,040,677
Net assets or fund balances, end of year
-$1,321,313
Program services expenses (Part IX)
$344,713
Management and general expenses
$69,512
Fundraising expenses
$0
Program service expenses (Part III)
$344,713

Program services were 83.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $809

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: RENTAL INCOME

    total $341,410 · related or exempt $341,410 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: CARPORTS

    total $3,060 · related or exempt $3,060 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: LAUNDRY & VENDING

    total $1,970 · related or exempt $1,970 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: CABLE CHARGES

    total $7,084 · related or exempt $7,084 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $184 · related or exempt $184 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $69,864 · program services $34,932 · management and general $34,932 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $2,684 · program services $1,342 · management and general $1,342 · fundraising $0

  • 10 · Payroll taxes

    total $5,188 · program services $2,594 · management and general $2,594 · fundraising $0

  • 11a · Fees: management

    total $29,231 · program services $29,231 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $5,299 · program services $5,299 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $19,624 · program services $0 · management and general $19,624 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $10,753 · program services $0 · management and general $10,753 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $147,773 · program services $147,773 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $267 · program services $0 · management and general $267 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $112,485 · program services $112,485 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $11,057 · program services $11,057 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,689 · end of year $25,302

  • 2 · Savings and temporary cash investments

    beginning of year $111,961 · end of year $64,753

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,412 · end of year $1,622

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

    $3,752,295

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

    $2,141,992

  • 10c · Land, buildings and equipment, net

    beginning of year $1,556,933 · end of year $1,610,303

  • 15 · Other assets

    beginning of year $51,066 · end of year $17,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $62,588 · end of year $49,980

  • 18 · Grants payable

    beginning of year $2,913,800 · end of year $2,913,800

  • 25 · Other liabilities

    beginning of year $18,278 · end of year $76,897

  • 27 · Net assets without donor restrictions

    beginning of year -$1,261,605 · end of year -$1,321,313

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES.

  • PROVIDE AFFORDABLE HOUSING FOR THE LOW-INCOME ELDERLY TENANT BY RENTING 46 APARTMETNS THAT ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $344,713 · Revenue $353,708

As filed on the 2024 return.

Listed in Part VII

  • Steve Fetyko

    President & CEO

    Total calculated
    $552,720
    From this org
    $0
    From related orgs
    $518,396
    Other
    $34,324
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $517,896 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $20,524 related
    Filer's total
    $0 + $552,720 related

  • Nicole Maag

    Chief of Residential Service

    Total calculated
    $334,986
    From this org
    $0
    From related orgs
    $304,106
    Other
    $30,880
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,661 related
    Bonus
    $0 + $23,445 related
    Other
    $0
    Deferred
    $0 + $12,164 related
    Nontaxable benefits
    $0 + $18,715 related
    Filer's total
    $0 + $334,985 related

  • Kalen Carlson

    CFO

    Total calculated
    $307,557
    From this org
    $0
    From related orgs
    $287,018
    Other
    $20,539
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,793 related
    Bonus
    $0 + $23,225 related
    Other
    $0
    Deferred
    $0 + $11,481 related
    Nontaxable benefits
    $0 + $9,058 related
    Filer's total
    $0 + $307,557 related

  • Kim Hoppe

    Former CFO

    Total calculated
    $256,261
    From this org
    $0
    From related orgs
    $122,799
    Other
    $133,462
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $10,985 related
    Bonus
    $0
    Other
    $0 + $111,814 related
    Deferred
    $0 + $133,462 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $256,261 related

  • Russ Ives

    Chair

    Total calculated
    $0
    Hours/week
    1

  • John Nixon

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Mike Fritz

    Treasurer/Secretary

    Total calculated
    $0
    Hours/week
    1

  • Colleen Dolan-Greene

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dick Lundy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jackie Taylor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mike Shore

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Tewksbury

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lou Berra

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nick Nahorski

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ben Miles

    Director

    Total calculated
    $0
    Hours/week
    1

  • Natalie Brown

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Tyler

    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. 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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, Part I, Line 4
KIM HOPPE RECEIVED A SEVERANCE PAYMENT OF $111,814 DURING THE TAX YEAR. PAYMENTS WERE MADE IN BIWEEKLY INSTALLMENTS OVER 26 WEEKS PER THE AGREEMENT SIGNED BY THE PARTIES ON 9/28/23.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
11 May 2026
IRS schema version
2024v5.0
Source object
202601319349303565

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