Overview
What is Riverton Community Housing?
Riverton Community Housing is a nonprofit organization situated in Minneapolis, Minnesota. Their primary mission is to provide 578 affordable housing units below the market rate, ensuring sustainability and maintaining a high standard of living within seven cooperatives. They effectively manage these properties, prioritizing the organization's mission to keep rents as low as possible while considering the needs of the cooperative community for future generations. Riverton Community Housing operates on a nonprofit and democratic model, striving to create a positive living experience for its residents.
Official website here: www.riverton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Riverton Community Housing has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 81% in accountability and finance. The rating is primarily based on the organization's financial management practices, indicating that it is transparent and well-governed. The high percentage signifies a commitment to maintaining accountability with a strong focus on financial health.
One of the notable strengths of Riverton Community Housing is its governance structure, featuring a fully independent board with eight independent members. The organization also scored full points in key areas such as financial statements oversight, a conflict of interest policy, and a whistleblower policy, which enhances its credibility and trustworthiness. Furthermore, a significant percentage of its expenses are directed towards programs, demonstrating a commitment to its mission.
However, while the overall accountability score is commendable, there may be room for improvement in other performance areas that are not reflected in this single beacon score. Potential donors and stakeholders may want to look for more comprehensive metrics regarding program effectiveness and community impact to gain a full understanding of the organization's performance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Riverton Community Housing?
92% of 19 reviewers on Facebook recommend Riverton Community Housing. Here is a summary of their reviews:
Many individuals express satisfaction with their experiences at Riverton Community Housing, highlighting the comfort and efficiency of the services provided. Reviewers appreciate the supportive environment and are inclined to recommend the nonprofit to friends and family, indicating a strong sense of trust and reliability in its offerings.
Overall, the reception is positive, suggesting that Riverton Community Housing effectively meets the needs of its community members. The enthusiasm of those who have interacted with the organization speaks volumes about its commitment to providing quality housing solutions.
This AI summary has been generated from reviews found on Facebook.
Is Riverton Community Housing legitimate?
Riverton Community Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverton Community Housing 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: $181,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,111,395
For more financial information, click here
Official website here: www.riverton.org
What is the mission statement of Riverton Community Housing?
Riverton Community Housing is committed to establishing and maintaining a high-quality living experience through a non-profit and democratic model. Their mission is to operate cooperative housing effectively, prioritizing sustainability and housing quality. They provide 578 affordable housing units below market rates, spread across seven cooperatives. Riverton's management approach aligns with its mission, ensuring rents remain as low as possible while addressing the needs of the cooperative community for future generations. Efficiency and a dedication to providing affordable housing are key aspects of Riverton Community Housing's operations.
Official website here: www.riverton.org
Who is the CEO of Riverton Community Housing?
Mary Novak is the Executive Di of Riverton Community Housing.
Official website here: www.riverton.org
What is the revenue of Riverton Community Housing?
Riverton Community Housing's revenue in 2022 was $6,168,719.
Official website here: www.riverton.org
Who are the executives of Riverton Community Housing and what are their salaries?
The average compensation at Riverton Community Housing during 2022 was $41,710. There are 31 employees and 15 volunteers at Riverton Community Housing.
Here are 16 key members and their salaries:
- Compensation: $150,429
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- Other: $20,829
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Official website here: www.riverton.org
Where can I find the form 990 for Riverton Community Housing?
Riverton Community Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riverton.org
Learn more at the official website: www.riverton.org
Mission Statement of Riverton Community Housing
Riverton Community Housing, a nonprofit organization, is committed to providing a superior living experience through the operation of cooperative housing. Their mission is to foster this quality living experience by operating cooperative housing in a democratic manner. Riverton Community Housing manages 578 below-market housing units spread across seven cooperatives. Their approach to managing these properties is centered around sustainability and maintaining housing quality, ensuring that rents remain as affordable as possible while also catering to the needs of the cooperative community for future generations. Riverton Community Housing's dedication to nonprofit and democratic cooperation in the realm of housing is a significant achievement, as it allows them to balance affordability and community well-being effectively.
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Impact
October, 2024
Riverton Community Housing significantly impacts the community by providing 578 quality housing units across seven cooperative properties in Minneapolis. Their commitment to maintaining below-market rents ensures that affordable housing remains accessible for residents while fostering a cooperative living environment. By focusing on sustainability and efficient property management, Riverton not only enhances the quality of living for its residents but also prioritizes the future needs of the community. The democratic model employed by Riverton encourages resident participation, empowering individuals to have a say in their living conditions and community dynamics, which contributes to a strong sense of belonging and collaboration among members.
This information is meant to be a general summary of Riverton Community Housing. 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 2022.
- Investment Income: $99,788
- Program Service Revenue: $5,764,669
- Gross Receipts: $6,168,719
Assets and Liabilities:
- Total Assets: $51,048,944
- Total Liabilities: $46,716,398
- Net Assets: $4,332,546
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$1,720,212
BROOK AVE
Revenue
$1,170,750
4TH STREET APARTMENTS
Revenue
$883,836
FRANKLIN STUDENT HOUSING
Revenue
$751,884
CHATEAU STUDENT HOUSING
Revenue
$652,843
Organization Details
Founding Year
1972
Phone
(612) 331-3911Principal Officer
Mary Novak
Main Address
425 13TH AVE SE, MINNEAPOLIS, MN, 554142065
Website
www.riverton.orgNTEE Category
Code: L20 - Housing
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