Overview
What is Riderwood Village Inc?
Riderwood Village Inc is a nonprofit organization located at 3110 Gracefield Road, Silver Spring, MD, 20904. With a team of 1691 employees, they offer comprehensive services for senior residents in various types of living units, including independent living, assisted living, skilled nursing, and memory care. Their mission is to create a welcoming home where seniors can fulfill their needs for belonging, peace of mind, love, and acceptance. Essentially, Riderwood Village caters to the essential aspects of senior living, providing housing, food, medical care, security, maintenance, recreational, and pastoral activities. As part of the National Senior Communities Enterprise, they leverage their financial foundation and governance for the benefit of seniors and their supporters.
Official website here: www.nationalseniorcampuses.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating from Charity Navigator.
Riderwood Village Inc has achieved an 81% rating, placing it in the Three-Star category for accountability and finance. This score reflects a strong focus on financial transparency and governance, with an impressive 86.05% of its expenses directed towards programs. The organization demonstrates a commitment to good practices, with a majority of its board members being independent and having comprehensive policies in place regarding conflicts of interest, whistleblowing, and document retention.
The charity's financial oversight is further reinforced by its effective audit and oversight committee, which received full marks. This indicates a high level of accountability in managing its resources. However, while the organization shows strengths in financial management and governance, the single beacon score suggests a limited focus on other operational aspects which may warrant further evaluation by potential donors or volunteers.
Overall, Riderwood Village Inc appears to maintain a strong financial standing and a commitment to ethical governance, making it a reliable choice for those looking to support a nonprofit with a solid track record in accountability. However, individuals interested in a more holistic view of the organization may want to explore additional performance metrics beyond finance.
This AI summary has been generated from information found on Charity Navigator.
Is Riderwood Village Inc legitimate?
Riderwood Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riderwood Village 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: $777,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,226,345
For more financial information, click here
Official website here: www.nationalseniorcampuses.org
What is the mission statement of Riderwood Village Inc?
Riderwood Village Inc's mission is centered around providing a home that caters to the primary needs of seniors. The organization believes that a home signifies belonging, peace of mind, love, and acceptance. Riderwood Village Inc's vision is to celebrate aging and create unparalleled value and opportunities for every life it touches. Rooted in inclusion, innovation, and advocacy, the organization leverages its strong financial foundation and governance to benefit seniors and those supporting them as part of the National Senior Communities Enterprise.
Official website here: www.nationalseniorcampuses.org
Who is the CEO of Riderwood Village Inc?
Eileen Erstad is the Director (Thru 3/31/22) of Riderwood Village Inc.
Official website here: www.nationalseniorcampuses.org
What is the revenue of Riderwood Village Inc?
Riderwood Village Inc's revenue in 2022 was $128,538,186.
Official website here: www.nationalseniorcampuses.org
Who are the executives of Riderwood Village Inc and what are their salaries?
The average compensation at Riderwood Village Inc during 2022 was $29,571. There are 1691 employees and 721 volunteers at Riderwood Village Inc.
Here are 28 key members and their salaries:
- Compensation: $0
- Related: $37,500
- Other: $0
- Compensation: $0
- Related: $38,125
- Other: $0
- Compensation: $0
- Related: $87,500
- Other: $0
- Compensation: $0
- Related: $110,000
- Other: $0
- Compensation: $0
- Related: $150,000
- Other: $0
- Compensation: $0
- Related: $161,875
- Other: $0
- Compensation: $0
- Related: $187,500
- Other: $0
- Compensation: $0
- Related: $134,315
- Other: $0
- Compensation: $0
- Related: $100,000
- Other: $0
- Compensation: $0
- Related: $90,000
- Other: $0
- Compensation: $0
- Related: $76,833
- Other: $0
- Compensation: $0
- Related: $76,833
- Other: $0
- Compensation: $0
- Related: $76,833
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $260,635
- Related: $0
- Other: $14,683
- Compensation: $163,637
- Related: $0
- Other: $11,845
- Compensation: $129,066
- Related: $0
- Other: $12,409
- Compensation: $169,068
- Related: $0
- Other: $16,158
- Compensation: $148,757
- Related: $0
- Other: $16,606
- Compensation: $142,184
- Related: $0
- Other: $9,432
- Compensation: $141,720
- Related: $0
- Other: $10,107
- Compensation: $141,617
- Related: $0
- Other: $26,948
- Compensation: $8,553
- Related: $136,712
- Other: $3,098
- Compensation: $0
- Related: $135,625
- Other: $0
Official website here: www.nationalseniorcampuses.org
Where can I find the form 990 for Riderwood Village Inc?
Riderwood Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nationalseniorcampuses.org
Learn more at the official website: www.nationalseniorcampuses.org
Mission Statement of Riderwood Village Inc
Riderwood Village Inc, a renowned organization, is dedicated to providing a home that meets the three primary needs of seniors. In simpler terms, Riderwood Village aims to ensure a sense of belonging, peace of mind, and love and acceptance for its elder residents.
The mission statement of Riderwood Village is deeply rooted in the belief that a home should go beyond just being a physical structure. Instead, it should be a place where individuals feel a strong sense of belonging. Riderwood Village Inc welcomes seniors with open arms, offering them a space where they can live out their golden years in peace and comfort.
Moreover, Riderwood Village's vision statement reflects its commitment to celebrating aging. The organization is grounded in inclusion, innovation, and advocacy. It leverages its strong financial foundation and governance to create unparalleled value and opportunities for every life it touches. As part of the National Senior Communities Enterprise, Riderwood Village's reach extends beyond its borders, making a positive impact on seniors and those who support them.
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Impact
October, 2024
Riderwood Village Inc significantly enhances the quality of life for seniors in Silver Spring, Maryland, by providing a supportive and nurturing environment that addresses their essential needs. With 1,778 independent living units, 212 assisted living units, 88 skilled nursing units, and 34 memory care units, Riderwood Village ensures that seniors have access to safe housing, nutritious meals, medical services, and security.
In addition to basic living necessities, Riderwood Village fosters a sense of community by offering a diverse range of recreational and pastoral activities. This commitment to holistic well-being helps residents feel a deep sense of belonging, peace of mind, love, and acceptance. The organization's mission reflects this understanding, promoting a vision of aging that celebrates inclusion, innovation, and advocacy.
Through its comprehensive services and community-oriented approach, Riderwood Village Inc creates unparalleled value and opportunities for seniors, positively impacting their lives and those of their families.
This information is meant to be a general summary of Riderwood Village 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $391,880
- Program Service Revenue: $122,514,661
- Gross Receipts: $128,545,450
Assets and Liabilities:
- Total Assets: $730,082,996
- Total Liabilities: $753,146,190
- Net Assets: -$23,063,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT FEES
Revenue
$106,008,050
ANCILLARY FEES
Revenue
$15,508,853
RESIDENT DEPOSITS
Revenue
$997,758
Organization Details
Founding Year
1998
Phone
(301) 572-1300Principal Officer
Eileen Erstad
Main Address
3110 GRACEFIELD ROAD, SILVER SPRING, MD, 20904
NTEE Category
Code: P75 - Human services
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