Form 990 for tax year 2023
Filed by RIVER GARDEN HOLDING COMPANY INC.
Totals
- Total revenue
- $1,939,092
- Total expenses
- $1,627,520
- Contributions and grants received
- $0
- Grants paid
- $90,000
- Program service revenue
- $1,886,109
- Investment income
- $52,983
- Other revenue
- $0
- Total assets, end of year
- $9,001,954
- Total liabilities, end of year
- $525,720
- Net assets or fund balances, end of year
- $8,476,234
- Program services expenses (Part IX)
- $1,603,738
- Management and general expenses
- $23,782
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,603,738
Program services were 98.5% 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.
-
2a · Program service revenue: MANAGEMENT FEES
total $1,319,794 · related or exempt $1,319,794
-
2b · Program service revenue: RENT FROM AFFILIATES
total $566,315 · related or exempt $566,315
-
3 · Investment income
total $41,187 · excluded $41,187
-
7a · Gross sales of assets other than inventory
securities $11,796
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $11,796
-
7d · Net gain or loss
total $11,796 · excluded $11,796
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 $1,018,460 · program services $1,018,460
-
8 · Pension plan contributions
total $46,097 · program services $46,097
-
9 · Other employee benefits
total $91,807 · program services $91,807
-
10 · Payroll taxes
total $63,391 · program services $63,391
-
11c · Fees: accounting
total $15,500 · management and general $15,500
-
11f · Fees: investment management
total $6,422 · management and general $6,422
-
11g · Fees: other
total $1,860 · management and general $1,860
-
13 · Office expenses
total $60 · program services $60
-
22 · Depreciation, depletion and amortization
total $293,923 · program services $293,923
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $122,670 · end of year $28,586
-
9 · Prepaid expenses and deferred charges
beginning of year $4,999 · end of year $12,275
-
10a · Land, buildings and equipment: cost or other basis
$12,792,842
-
10b · Land, buildings and equipment: accumulated depreciation
$6,628,648
-
10c · Land, buildings and equipment, net
beginning of year $6,399,101 · end of year $6,164,194
-
12 · Investments: other securities
beginning of year $1,249,632 · end of year $1,393,898
-
15 · Other assets
beginning of year $733,538 · end of year $1,403,001
-
17 · Accounts payable and accrued expenses
beginning of year $142,275 · end of year $206,775
-
25 · Other liabilities
beginning of year $318,945 · end of year $318,945
-
27 · Net assets without donor restrictions
beginning of year $8,048,720 · end of year $8,476,234
Mission and programs · 2023
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 $1,603,738 · Grants $90,000 · Revenue $1,886,109
As filed on the 2023 return.
Listed in Part VII
-
Janis FleetJANIS FLEET
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Susan CohenSUSAN COHEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sandy ZimmermanSANDY ZIMMERMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Marsha PollockMARSHA POLLOCK
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Edward GrenadierEDWARD GRENADIER
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Ron ElinoffDR RON ELINOFF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Lawrence GoldbergDR LAWRENCE GOLDBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rachelle GottliebRACHELLE GOTTLIEB
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Hon Harvey SchlesingerHON HARVEY SCHLESINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lois SchlesingerLOIS SCHLESINGER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Cindy DemriCINDY DEMRI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Gloria A EinsteinGLORIA A EINSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Randy KammerRANDY KAMMER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Michael PriceMICHAEL PRICE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Michael LissnerMICHAEL LISSNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Herman PaulHERMAN PAUL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Fred TrombergFRED TROMBERG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mauri MizrahiMAURI MIZRAHI
CHIEF EXECUTIVE OFFICER
- Total calculated
- $373,694
- From this org
- $359,804
- From related orgs
- $0
- Other
- $13,890
- Hours/week
- 12 + 32 related
Schedule J breakdown matched by us
- Base
- $359,804
- Bonus
- $0
- Other
- $0
- Deferred
- $13,890
- Nontaxable benefits
- $0
- Filer's total
- $373,694
-
Betty SornaBETTY SORNA
CHIEF FINANCIAL OFFICER
- Total calculated
- $290,846
- From this org
- $257,553
- From related orgs
- $0
- Other
- $33,293
- Hours/week
- 12 + 32 related
Schedule J breakdown matched by us
- Base
- $257,553
- Bonus
- $0
- Other
- $0
- Deferred
- $10,993
- Nontaxable benefits
- $22,300
- Filer's total
- $290,846
-
Bobbie Jo MentzBOBBIE JO MENTZ
CHIEF OPERATIONS OFFICER
- Total calculated
- $204,635
- From this org
- $183,322
- From related orgs
- $0
- Other
- $21,313
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $183,322
- Bonus
- $0
- Other
- $0
- Deferred
- $6,586
- Nontaxable benefits
- $14,727
- Filer's total
- $204,635
-
Christina LevineCHRISTINA LEVINE
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $151,110
- From this org
- $116,371
- From related orgs
- $0
- Other
- $34,739
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $116,371
- Bonus
- $0
- Other
- $0
- Deferred
- $3,875
- Nontaxable benefits
- $30,864
- Filer's total
- $151,110
-
Martin GoetzMARTIN GOETZ
CEO EMERITUS
- Total calculated
- $112,224
- From this org
- $101,411
- From related orgs
- $0
- Other
- $10,813
- Hours/week
- 12 + 32 related
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
-
$90,000
TO SUPPORT THE MISSION OF THE FOUNDATION
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
-
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
-
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
- 2023
- Filed
- 12 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413479349301436
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