Overview
What is Ridgecrest At Richfield?
Ridgecrest At Richfield is a nonprofit organization located at 3730 Richfield Lane, Salem, Virginia 24153. Their primary mission is to offer affordable housing and related amenities and services for senior individuals and families in the greater Roanoke Valley. The organization aims to provide high-quality, independent living, ensuring the well-being of its residents. With a team of nine dedicated individuals, Ridgecrest At Richfield strives to meet the housing needs of the elderly community, contributing to their overall quality of life.
Official website here: www.richfieldliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Ridgecrest At Richfield has received an overall score of 81%, indicating a solid level of accountability and financial health. This rating is based entirely on their performance in the Accountability & Finance category, where they excelled in several key areas. Notably, they received full marks for having a majority of independent board members and a robust audit and oversight committee, demonstrating strong governance practices.
The organization's commitment to transparency is evident from their comprehensive policies, including conflict of interest, whistleblower, and document retention and destruction policies, all of which scored maximum points. Additionally, their program expense ratio stands at an impressive 78.31%, reflecting a significant portion of expenditures allocated directly towards programs and services.
While the rating is favorable, with an emphasis on accountability, it is important to consider that this score is derived solely from financial metrics without additional evaluations on program impact or community feedback. Therefore, while Ridgecrest At Richfield shows strong governance and financial management, potential donors might also seek information on the effectiveness of their programs and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgecrest At Richfield legitimate?
Ridgecrest At Richfield is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgecrest At Richfield 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: $204,477
For more financial information, click here
Official website here: www.richfieldliving.com
What is the mission statement of Ridgecrest At Richfield?
Ridgecrest At Richfield's mission is centered around providing senior individuals and families from the greater Roanoke Valley with affordable, high-quality housing and related amenities and services. This organization strives to offer an environment that promotes independence, ensuring that its residents can maintain their dignity and livelihood with ease. The operation of Ridgecrest At Richfield encompasses the management of an affordable housing complex, catering to senior and disabled individuals and families, thereby providing them with a supportive living space.
Official website here: www.richfieldliving.com
Who is the CEO of Ridgecrest At Richfield?
Mary Clements is the Board Chair of Ridgecrest At Richfield. The CEO's salary of Ridgecrest At Richfield is $0 and their total compensation is $313,018.
Official website here: www.richfieldliving.com
What is the revenue of Ridgecrest At Richfield?
Ridgecrest At Richfield's revenue in 2022 was $1,252,864.
Official website here: www.richfieldliving.com
Who are the executives of Ridgecrest At Richfield and what are their salaries?
The average compensation at Ridgecrest At Richfield during 2022 was $22,720. There are 9 employees at Ridgecrest At Richfield.
Here are 22 key members and their salaries (Ridgecrest At Richfield's CEO's salary is $0 and their total compensation is $313,018):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $293,986
- Other: $19,032
- Compensation: $0
- Related: $159,651
- Other: $661
- Compensation: $0
- Related: $198,679
- Other: $9,540
- Compensation: $0
- Related: $110,721
- Other: $16,858
- Compensation: $0
- Related: $142,689
- Other: $622
- Compensation: $0
- Related: $158,209
- Other: $28,448
- Compensation: $0
- Related: $128,281
- Other: $27,355
- Compensation: $0
- Related: $114,914
- Other: $8,204
- Compensation: $0
- Related: $120,060
- Other: $18,169
Official website here: www.richfieldliving.com
Where can I find the form 990 for Ridgecrest At Richfield?
Ridgecrest At Richfield's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.richfieldliving.com
Learn more at the official website: www.richfieldliving.com
Mission Statement of Ridgecrest At Richfield
Ridgecrest At Richfield is committed to providing independent, affordable, and high-quality housing and related amenities and services for senior individuals and families within the greater Roanoke Valley. Their mission is to cater to the needs of this demographic, ensuring that they can live comfortably and with dignity. The organization operates an affordable housing complex, offering a home to senior and disabled individuals and families, thereby enhancing their quality of life.
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Impact
October, 2024
Ridgecrest At Richfield significantly enhances the quality of life for senior individuals and families in the Greater Roanoke Valley by offering independent, affordable, and high-quality housing options. The operation of this affordable housing complex addresses critical housing needs for seniors and disabled individuals, ensuring they have access to safe and comfortable living environments.
In addition to providing housing, Ridgecrest At Richfield offers related amenities and services that promote independence and improve overall well-being. By focusing on the unique needs of this demographic, the organization fosters a supportive community where residents can enjoy social activities and accessible services tailored to their requirements. Overall, Ridgecrest At Richfield plays a crucial role in enhancing the living standards of seniors and families, contributing positively to the community and the local economy.
This information is meant to be a general summary of Ridgecrest At Richfield. 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: $347
- Program Service Revenue: $1,252,517
- Gross Receipts: $1,252,864
Assets and Liabilities:
- Total Assets: $2,089,924
- Total Liabilities: $2,267,444
- Net Assets: -$177,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD HOUSING ASSISTANCE
Revenue
$583,694
RENTAL INCOME TENANTS
Revenue
$501,998
OTHER TENANT REVENUE
Revenue
$166,825
Organization Details
Founding Year
2008
Phone
(540) 380-4500Principal Officer
Mary Clements
Main Address
3730 RICHFIELD LANE, SALEM, VA, 24153
Website
www.richfieldliving.comNTEE Category
Code: L22 - Housing
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