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← RIDGEWAY VILLAGE ASSOCIATES INC

Form 990 for tax year 2024

Filed by RIDGEWAY VILLAGE ASSOCIATES INC.

Totals

Total revenue
$380,777
Total expenses
$322,251
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$380,757
Investment income
$20
Other revenue
$0
Total assets, end of year
$622,156
Total liabilities, end of year
$60,001
Net assets or fund balances, end of year
$562,155
Program services expenses (Part IX)
$322,251
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$322,251

Program services were 100.0% 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: RENTAL INCOME

    total $375,413 · related or exempt $375,413

  • 2b · Program service revenue: TENANT CHARGES

    total $5,061 · related or exempt $5,061

  • 2c · Program service revenue: LAUNDRY AND VENDING

    total $283 · related or exempt $283

  • 3 · Investment income

    total $20 · excluded $20

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $11,911 · program services $11,911

  • 24a · Other expenses: ADMINISTRATIVE

    total $130,229 · program services $130,229

  • 24b · Other expenses: OPERATING AND MAINTENANCE

    total $73,610 · program services $73,610

  • 24c · Other expenses: TAXES AND INSURANCE

    total $52,571 · program services $52,571

  • 24d · Other expenses: UTILITIES

    total $49,230 · program services $49,230

  • 24e · All other expenses

    total $4,700 · program services $4,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $544 · end of year $19,536

  • 4 · Accounts receivable

    beginning of year $3,680 · end of year $16,472

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,256 · end of year $38,998

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

    $1,603,297

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

    $1,481,927

  • 10c · Land, buildings and equipment, net

    beginning of year $133,281 · end of year $121,370

  • 15 · Other assets

    beginning of year $395,990 · end of year $425,780

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,278 · end of year $43,061

  • 19 · Deferred revenue

    beginning of year $8,147 · end of year $5,924

  • 25 · Other liabilities

    beginning of year $11,697 · end of year $11,016

  • 27 · Net assets without donor restrictions

    beginning of year -$580,844 · end of year -$522,318

  • 28 · Net assets with donor restrictions

    beginning of year $1,084,473 · end of year $1,084,473

Mission and programs · 2024

Mission

OWN AND OPERATE LOW INCOME HOUSING

  • RIDGEWAY VILLAGE ASSOCIATES, INC, THROUGH OPERATION OF ITS 40-UNIT APARTMENT COMPLEX, RIDGEWAY VILLAGE APARTMENTS, PROVIDED DECENT AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS IN HERMISTON, OREGON.

    Expenses $310,340 · Revenue $380,757

  • RIDGEWAY VILLAGE ASSOCIATES, INC, THROUGH OPERATION OF ITS 40-UNIT APARTMENT COMPLEX, RIDGEWAY VILLAGE APARTMENTS, PROVIDED DECENT AFFORDABLE HOUSING TO LOW AND MODERATE INCOME PERSONS IN HERMISTON, OREGON.

    Expenses $11,911

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RAY HACKWORTH

    PRESIDENT

    Total calculated
    $192,654
    From this org
    $0
    From related orgs
    $175,537
    Other
    $17,117

    Schedule J breakdown matched by us

    Base
    not reported + $175,537 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $17,117 related
    Filer's total
    not reported + $192,654 related

  • STEVEN PHAN

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.25

  • VICTORIA RAE

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

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
6 November 2025
IRS schema version
2024v5.0
Source object
202533109349303618

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