Overview
What is Rivercrest Development Corporation?
Rivercrest Development Corporation is a nonprofit organization committed to uplifting economically challenged families and individuals. Their mission involves developing, acquiring, constructing, renovating, and operating rental housing, as well as facilitating home ownership opportunities. By doing so, they aim to provide essential living solutions for the underprivileged low-income population, demonstrating a strong dedication to their cause.
Is Rivercrest Development Corporation legitimate?
Rivercrest Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rivercrest Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,597
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What is the mission statement of Rivercrest Development Corporation?
Rivercrest Development Corporation is committed to serving the needs of economically disadvantaged families and individuals. They accomplish this by engaging in various housing projects, including development, acquisition, construction, renovation, operation, maintenance, and improvement of rental properties. Furthermore, the corporation also facilitates homeownership opportunities, extending its services to help uplift this specific demographic.
What is the revenue of Rivercrest Development Corporation?
Rivercrest Development Corporation's revenue in 2023 was $420,365.
Who are the executives of Rivercrest Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Rivercrest Development Corporation?
Rivercrest Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rivercrest Development Corporation
Rivercrest Development Corporation is committed to serving the needs of underprivileged, low-income families and individuals. Their mission is twofold: firstly, they engage in the development, acquisition, construction, renovation, operation, maintenance, and improvement of rental housing. This endeavor aims to provide affordable living spaces for those in need. Secondly, Rivercrest Development Corporation facilitates home ownership opportunities, extending their service beyond just rental housing. By dedicating their resources to these activities, they strive to make a meaningful impact in the lives of the poor, distressed, and underprivileged individuals and families they serve.
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Impact
October, 2024
Rivercrest Development Corporation significantly impacts communities by addressing the housing needs of low-income families and individuals. By developing, acquiring, constructing, renovating, operating, and maintaining rental housing, the organization creates stable living environments for those who are poor, distressed, and underprivileged. In addition, it facilitates home ownership opportunities, empowering families to achieve stability and financial independence.
In Amsterdam, NY, Rivercrest's commitment to improving housing conditions enhances the quality of life for residents, providing them with a safe and affordable place to live. Through its dedicated programs, Rivercrest plays a crucial role in alleviating housing insecurity and fostering community growth, ultimately contributing to a healthier, more equitable society.
This information is meant to be a general summary of Rivercrest Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $153
- Program Service Revenue: $263,492
- Gross Receipts: $420,365
Assets and Liabilities:
- Total Assets: $2,923,406
- Total Liabilities: $978,653
- Net Assets: $1,944,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$172,286
MANAGEMENT FEES & REIM
Revenue
$91,206
Organization Details
Founding Year
2000
Principal Officer
Damaris Carbone
NTEE Category
Code: L21 - Housing
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