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Nonprofiteer
← RIVER GARDEN HOLDING COMPANY INC

Form 990 for tax year 2022

Filed by RIVER GARDEN HOLDING COMPANY INC.

Totals

Total revenue
$2,202,897
Total expenses
$1,525,838
Contributions and grants received
$70,000
Grants paid
$90,000
Program service revenue
$1,889,464
Investment income
$243,433
Other revenue
$0
Total assets, end of year
$8,509,940
Total liabilities, end of year
$461,220
Net assets or fund balances, end of year
$8,048,720
Program services expenses (Part IX)
$1,517,302
Management and general expenses
$8,536
Fundraising expenses
$0
Program service expenses (Part III)
$1,517,302

Program services were 99.4% 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)

    $70,000

  • 2a · Program service revenue: MANAGEMENT FEES

    total $1,319,794 · related or exempt $1,319,794

  • 2b · Program service revenue: RENT FROM AFFILIATES

    total $569,670 · related or exempt $569,670

  • 3 · Investment income

    total $228,487 · excluded $228,487

  • 7a · Gross sales of assets other than inventory

    securities $14,946

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

    securities $0

  • 7c · Gain or loss

    securities $14,946

  • 7d · Net gain or loss

    total $14,946 · excluded $14,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,000 · program services $90,000

  • 5 · Compensation of officers, directors and key employees

    total $998,998 · program services $998,998

  • 8 · Pension plan contributions

    total $30,312 · program services $30,312

  • 9 · Other employee benefits

    total $55,495 · program services $55,495

  • 10 · Payroll taxes

    total $52,690 · program services $52,690

  • 11c · Fees: accounting

    total $579 · management and general $579

  • 11f · Fees: investment management

    total $5,723 · management and general $5,723

  • 11g · Fees: other

    total $2,234 · management and general $2,234

  • 13 · Office expenses

    total $505 · program services $505

  • 20 · Interest

    total $1,151 · program services $1,151

  • 22 · Depreciation, depletion and amortization

    total $288,151 · program services $288,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $599,088 · end of year $122,670

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,539 · end of year $4,999

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

    $12,744,542

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

    $6,345,441

  • 10c · Land, buildings and equipment, net

    beginning of year $6,083,420 · end of year $6,399,101

  • 12 · Investments: other securities

    beginning of year $25,833,543 · end of year $1,249,632

  • 15 · Other assets

    beginning of year $2,398,157 · end of year $733,538

  • 17 · Accounts payable and accrued expenses

    beginning of year $156,070 · end of year $142,275

  • 20 · Tax-exempt bond liabilities

    beginning of year $217,547 · end of year $0

  • 25 · Other liabilities

    beginning of year $25,283,050 · end of year $318,945

  • 27 · Net assets without donor restrictions

    beginning of year $9,262,080 · end of year $8,048,720

Mission and programs · 2022

Mission

THE MISSION OF RIVER GARDEN HOLDING COMPANY, INC. IS TO OVERSEE THE OPERATIONS OF AFFILIATED ORGANIZATIONS PROVIDING SPECIALIZED GERIATRIC REHABILITATION AND SKILLED NURSING SERVICES TO THE COMMUNITY AT LARGE.

Activities or mission (Part I)

THE ORGANIZATION OVERSEES THE OPERATIONS OF ITS AFFILIATED TAX-EXEMPT ORGANIZATIONS.

  • THE ORGANIZATION ESTABLISHES LONG-RANGE OBJECTIVES, COORDINATES FINANCES AND PROVIDES MANAGEMENT SERVICES FOR ITS RELATED EXEMPT ENTITIES.

    Expenses $1,517,302 · Grants $90,000 · Revenue $1,889,464

As filed on the 2022 return.

Listed in Part VII

  • JANIS FLEET

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SUSAN COHEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SANDY ZIMMERMAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARSHA POLLOCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • EDWARD GRENADIER

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR RON ELINOFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR LAWRENCE GOLDBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RACHELLE GOTTLIEB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HON HARVEY SCHLESINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LOIS SCHLESINGER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CINDY DEMRI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • GLORIA A EINSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RANDY KAMMER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MICHAEL PRICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • MICHAEL LISSNER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HERMAN PAUL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • FRED TROMBERG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MAURI MIZRAHI

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $353,316
    From this org
    $341,342
    From related orgs
    $0
    Other
    $11,974
    Hours/week
    12 + 32 related

    Schedule J breakdown matched by us

    Base
    $341,342
    Bonus
    $0
    Other
    $0
    Deferred
    $11,974
    Nontaxable benefits
    $0
    Filer's total
    $353,316

  • BETTY SORNA

    CHIEF FINANCIAL OFFICER

    Total calculated
    $288,951
    From this org
    $256,713
    From related orgs
    $0
    Other
    $32,238
    Hours/week
    12 + 32 related

    Schedule J breakdown matched by us

    Base
    $256,713
    Bonus
    $0
    Other
    $0
    Deferred
    $9,938
    Nontaxable benefits
    $22,300
    Filer's total
    $288,951

  • BOBBIE JO MENTZ

    CHIEF OPERATIONS OFFICER

    Total calculated
    $195,728
    From this org
    $179,155
    From related orgs
    $0
    Other
    $16,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,155
    Bonus
    $0
    Other
    $0
    Deferred
    $5,282
    Nontaxable benefits
    $11,291
    Filer's total
    $195,728

  • CHRISTINA LEVINE

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $135,256
    From this org
    $116,039
    From related orgs
    $0
    Other
    $19,217
    Hours/week
    40

  • MARTIN GOETZ

    FORMER CEO

    Total calculated
    $119,564
    From this org
    $105,749
    From related orgs
    $0
    Other
    $13,815
    Hours/week
    12 + 32 related

    Schedule J breakdown matched by us

    Base
    $105,749
    Bonus
    $0
    Other
    $0
    Deferred
    $6,174
    Nontaxable benefits
    $7,641
    Filer's total
    $119,564

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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.

  • RIVER GARDEN HEBREW HOME FOR THE AGED INC

    501(C)(3) · OPERATES A 180-BED SKILLED NURSING FACILITY. · FL · controlled entity

    Directly controlled by RIVER GARDEN HOLDING COMPANY INC

  • RIVER GARDEN GERIATRIC TRAINING CENTER INC

    501(C)(3) · OPERATES A POST-SECONDARY SCHOOL FOR THE TRAINING OF CERT. NURSING ASSISTANT · FL · controlled entity

    Directly controlled by RIVER GARDEN HOLDING COMPANY INC

  • RIVER GARDEN FOUNDATION INC

    501(C)(3) · RAISES FUNDS FOR RELATED TAX-EXEMPT ENTITIES FOR PROGRAMS AND ACTIVITIES. · FL · controlled entity

    Directly controlled by RIVER GARDEN HOLDING COMPANY INC

  • THE COVES AT RIVER GARDEN

    501(C)(3) · OPERATES AN 80-UNIT INDEPENDENT LIVING SENIOR HOUSING FACILITY. · FL · controlled entity

    Directly controlled by RIVER GARDEN HOLDING COMPANY INC

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202313079349302236

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