Overview
What is Ridgeview Heights Independent Living Cor Corporation?
Ridgeview Heights Independent Living Corp. is a nonprofit organization situated in Reedsburg, Wisconsin, specifically at 2090 Ridgeview Drive. Their primary mission is to provide affordable housing solutions for the elderly community. With a focus on ensuring the comfort and convenience of its residents, the organization takes care of all necessary repairs and maintenance within their 60 housing units, as stated in their September 30 report. This commitment to senior living allows elderly individuals to enjoy their retirement years in a well-maintained environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall Score: 67%, Two-Star out of Four Star Rating
Ridgeview Heights Independent Living Corporation has received a Two-Star rating from Charity Navigator, indicating that it needs improvement in its operations and transparency. The organization has shown strong accountability and finance practices, particularly with a 100% independent board and no material diversion of assets. However, its overall score suffers due to several missing policies and disclosures that are critical for transparency.
The organization excels in its program expense ratio, with 98.42% of its expenses directed towards its programs, demonstrating a strong commitment to its mission. Nevertheless, the high liabilities to assets ratio of 123.49% raises concerns about its financial stability. The failure to disclose key policies, such as conflict of interest and whistleblower policies, along with the absence of its tax form on the website, highlight areas where the organization could enhance its transparency and governance.
Overall, while Ridgeview Heights Independent Living Corporation demonstrates a commitment to its programs and maintains a fully independent board, significant shortcomings in policy disclosures and financial stability must be addressed to improve its standing and trustworthiness among donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgeview Heights Independent Living Cor Corporation legitimate?
Ridgeview Heights Independent Living Cor Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgeview Heights Independent Living Cor 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: $140,233
For more financial information, click here
What is the mission statement of Ridgeview Heights Independent Living Cor Corporation?
Ridgeview Heights Independent Living Corporation's mission is centered around providing affordable housing for the elderly. The organization ensures that all necessary repairs and maintenance are taken care of for its residents. Currently, the corporation operates 60 housing units, providing a home for numerous elderly individuals. The primary focus of Ridgeview Heights is to offer a comfortable living environment for the elderly, alleviating them of any maintenance-related concerns.
Who is the CEO of Ridgeview Heights Independent Living Cor Corporation?
Ryan Shear is the Director of Ridgeview Heights Independent Living Cor Corporation.
What is the revenue of Ridgeview Heights Independent Living Cor Corporation?
Ridgeview Heights Independent Living Cor Corporation's revenue in 2022 was $475,646.
Who are the executives of Ridgeview Heights Independent Living Cor Corporation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ridgeview Heights Independent Living Cor Corporation?
Ridgeview Heights Independent Living Cor Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ridgeview Heights Independent Living Cor Corporation
Ridgeview Heights Independent Living Corp. is dedicated to providing affordable housing for elderly individuals. This nonprofit organization ensures that all necessary repairs and maintenance are taken care of for its residents, providing them with a stress-free living situation. As of September 30, Ridgeview Heights operates 60 housing units, catering to the needs of the elderly population. The organization's mission is to offer a secure and comfortable living environment where elderly individuals can age gracefully, with peace of mind, knowing that their home maintenance is in capable hands.
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Impact
July, 2024
Ridgeview Heights Independent Living Corporation has a significant impact on the community by providing affordable housing for elderly individuals. With a mission to offer economical housing where all repairs and maintenance are taken care of, this organization plays a crucial role in supporting the well-being and comfort of senior citizens. Operating 60 housing units in Reedsburg, WI, Ridgeview Heights Independent Living Corporation ensures that the elderly residents have a secure and comfortable living environment, ultimately contributing to their quality of life.
This information is meant to be a general summary of Ridgeview Heights Independent Living Cor 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 2022.
- Investment Income: $69
- Program Service Revenue: $705,434
- Gross Receipts: $475,646
Assets and Liabilities:
- Total Assets: $9,179,404
- Total Liabilities: $11,222,531
- Net Assets: -$2,043,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTENANCE FEES
Revenue
$374,286
AMORTIZATION OF RESIDE
Revenue
$331,148
Organization Details
Founding Year
1987
Phone
(608) 524-6487Principal Officer
Ryan Shear
Main Address
2090 RIDGEVIEW DRIVE, REEDSBURG, WI, 53959
NTEE Category
Code: P750 - Human services
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