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Riverview Terrace Inc

Riverview Terrace

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341559231 ✦ Napoleon, OH ✦ Designated as a 501(c)(3)

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Overview

What is Riverview Terrace Inc?

Riverview Terrace Inc, located at 120 EAST MAUMEE AVENUE, Napoleon, OH 43545, is a nonprofit organization dedicated to providing subsidized low-income housing for elderly and handicapped individuals. They facilitate this mission through the US Department of HUD's Section 202 and 8 programs. The primary goal of Riverview Terrace Inc is to offer housing facilities and services specifically designed to cater to the unique needs of these individuals. They strive to enhance the quality of life for the elderly and handicapped community, ensuring they have a comfortable and supportive living environment.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, Two-Star out of Four Star rating.

Riverview Terrace Inc has received a moderate rating primarily based on its accountability and financial practices. The organization's strengths include a fully independent board and high program expense ratio, indicating a strong commitment to utilizing funds directly towards its mission. Additionally, there are no reported issues with asset diversion, and the organization maintains thorough documentation of board meeting minutes.

However, the charity faces significant drawbacks that impact its overall score. Missing crucial governance policies, including a conflict of interest policy and whistleblower policy, as well as the absence of its tax form on the nonprofit's website, raise concerns about transparency and accountability. Moreover, the high liabilities to assets ratio suggests potential financial risks that could affect future operations.


This AI summary has been generated from information found on Charity Navigator.

Is Riverview Terrace Inc legitimate?

Riverview Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverview Terrace Inc 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: $0

For more financial information, click here

What is the mission statement of Riverview Terrace Inc?

Riverview Terrace Inc is dedicated to serving the needs of elderly individuals and those with disabilities. Their primary mission is to provide specialized housing facilities and services designed to cater to their unique requirements. This organization achieves this through the US Department of HUD Section 202 and 8 Programs, offering subsidized low-income apartment rental housing. Their goal is to ensure elderly persons can reside in a supportive environment that suits their specific needs.

Who is the CEO of Riverview Terrace Inc?

Rollie Abel is the President of Riverview Terrace Inc.

What is the revenue of Riverview Terrace Inc?

Riverview Terrace Inc's revenue in 2022 was $505,709.

Who are the executives of Riverview Terrace Inc and what are their salaries?

There 5 volunteers at Riverview Terrace Inc.


Here are 5 key members and their salaries:


Rollie Abel (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Wilson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Harris (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Walton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Jackson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Riverview Terrace Inc?

Riverview Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Riverview Terrace Inc

Riverview Terrace Inc is committed to providing specialized housing facilities and services tailored to meet the unique needs of elderly persons and individuals with disabilities. The organization's primary mission, as stated, is to offer subsidized low-income apartment rental housing for these individuals, leveraging the US Department of HUD's Section 202 and 8 programs. By doing so, Riverview Terrace Inc aims to provide a secure and supportive living environment that caters specifically to these vulnerable groups, ensuring they can age or live with disabilities with dignity and independence.

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Impact




July, 2024

Riverview Terrace Inc's impact can be seen in the provision of crucial housing facilities and services tailored specifically to meet the needs of elderly and handicapped individuals. By offering subsidized low-income apartment rental housing through programs like the US Department of HUD Sections 202 and 8 programs, Riverview Terrace Inc ensures that vulnerable members of society have access to safe and affordable housing options. This commitment directly contributes to improving the quality of life for elderly and handicapped individuals in Napoleon, OH, by providing them with a supportive and inclusive living environment.




This information is meant to be a general summary of Riverview Terrace Inc. 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.

Revenue
$505,709 (2022)
Expenses
$489,707 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $406
  • Program Service Revenue: $179,672
  • Gross Receipts: $505,709

Assets and Liabilities:

  • Total Assets: $1,386,282
  • Total Liabilities: $1,807,207
  • Net Assets: -$420,925

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTS - NET

Revenue

$179,672

Organization Details

Founding Year

1991

Principal Officer

Rollie Abel

Main Address

120 EAST MAUMEE AVENUE, NAPOLEON, OH, 43545

NTEE Category

Code: L22Z - Housing

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