Overview
What is Riverway Homes Ltd?
Riverway Homes Ltd is a nonprofit organization situated in Rice Lake, Wisconsin. Their primary focus is on providing specialized housing facilities for individuals with disabilities. With a 24-unit complex, they are dedicated to catering to the unique needs of handicapped individuals, ensuring they live in a supportive and accommodating environment. Their mission reflects a commitment to making a difference in the lives of those with disabilities, enhancing their quality of life through thoughtfully designed housing facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Riverway Homes Ltd has received a Two-Star rating from Charity Navigator, indicating that while the organization is functioning, there are significant areas for improvement, particularly in governance and transparency. The rating is solely based on the Accountability & Finance beacon, which reflects the organization's financial management practices and adherence to guidelines.
One notable strength of Riverway Homes Ltd is its high program expense ratio, which stands at 77.29%. This suggests that a substantial portion of its resources is directed toward its mission-related activities. Additionally, the organization has a positive score in areas such as conflict of interest and whistleblower policies, indicating a commitment to ethical governance.
However, the nonprofit also faces several challenges, including a lack of independent board members and a missing website link on its tax form, which impacts its transparency score. With no independent board members, the organization may struggle with adequate oversight, which is critical for accountability. Overall, improvements in these areas could enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Riverway Homes Ltd legitimate?
Riverway Homes Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverway Homes Ltd 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: $24,837
For more financial information, click here
What is the mission statement of Riverway Homes Ltd?
Riverway Homes Ltd is dedicated to serving handicapped individuals with its mission. This mission involves operating a 24-unit housing facility, specifically designed to cater to the unique needs of handicapped persons. The organization's primary goal is to provide a suitable living environment for these individuals, ensuring their comfort and well-being. This commitment to handicapped housing underscores Riverway Homes Ltd's dedication to promoting inclusivity and equal opportunities for all. The facility in Rice Lake, WI, is a testament to their mission, offering specially designed accommodations that cater to the specific needs of handicapped persons.
Who is the CEO of Riverway Homes Ltd?
Brett Gerber is the President/Ceo of Riverway Homes Ltd. The CEO's salary of Riverway Homes Ltd is $0 and their total compensation is $580,678.
What is the revenue of Riverway Homes Ltd?
Riverway Homes Ltd's revenue in 2022 was $158,696.
Who are the executives of Riverway Homes Ltd and what are their salaries?
Here are 3 key members and their salaries (Riverway Homes Ltd's CEO's salary is $0 and their total compensation is $580,678):
- Compensation: $0
- Related: $444,686
- Other: $135,992
- Compensation: $0
- Related: $112,592
- Other: $35,825
- Compensation: $0
- Related: $105,602
- Other: $27,978
Where can I find the form 990 for Riverway Homes Ltd?
Riverway Homes Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Riverway Homes Ltd
Riverway Homes Ltd, a nonprofit organization, is dedicated to providing specialized housing facilities that cater to the unique needs of handicapped individuals. Situated in an unspecified location, Riverway Homes operates a 24-unit housing facility with a mission to make a significant impact in the lives of those with physical disabilities. This mission is accomplished by designing and maintaining housing facilities that are tailored to meet the specific requirements of handicapped persons, ensuring they have a safe and comfortable living environment. By offering such accommodations, Riverway Homes contributes to improving the quality of life for individuals with disabilities, empowering them to live independently and with dignity.
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Impact
October, 2024
Riverway Homes Ltd significantly impacts the community by providing specialized housing for individuals with disabilities. Located in Rice Lake, WI, it operates a 24-unit facility designed to accommodate the unique needs of handicapped persons, ensuring they have access to safe and appropriate living conditions. This initiative not only fosters independence and dignity for its residents but also contributes positively to the overall inclusivity of the community. By focusing on tailored housing solutions, Riverway Homes Ltd enhances the quality of life for individuals with disabilities, creating a supportive and accessible living environment that empowers residents to thrive.
This information is meant to be a general summary of Riverway Homes Ltd. 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: $338
- Program Service Revenue: $158,358
- Gross Receipts: $158,696
Assets and Liabilities:
- Total Assets: $682,709
- Total Liabilities: $25,205
- Net Assets: $657,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$157,837
MISCELLANEOUS REVENUE
Revenue
$521
Organization Details
Founding Year
1990
Phone
(715) 434-1717Principal Officer
Brett Gerber
Main Address
2961 DECKER DRIVE, RICE LAKE, WI, 54868
NTEE Category
Code: L00 - Housing
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