Overview
What is Riverside Presbyterian Apartments Inc?
Riverside Presbyterian Apartments Inc is a church-affiliated, non-profit organization situated in Orlando, Florida, with a focus on serving older adults. Operating under the National Housing Act, the organization provides housing for low-income elderly citizens through sections 8 and 202. Their mission revolves around preserving and creating excellent residential facilities, honoring the dignity, rights, self-respect, and independence of each resident. With a commitment to stewardship, they aim to utilize their resources effectively to better serve their community. The organization manages a 204-unit facility, employing 15 individuals in their dedicated workforce.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%
Riverside Presbyterian Apartments Inc has achieved a Three-Star out of Four Star rating from Charity Navigator, reflecting a robust performance in accountability and finance. The organization scored 79% overall, indicating a solid commitment to responsible financial management and governance practices. Notably, the charity boasts a fully independent board, with 62% of its members being independent, and it maintains a clear conflict of interest policy.
The charity has demonstrated excellent financial health, evidenced by a program expense ratio of 100%, meaning that all of its expenses are directed toward its programs. Additionally, it has a low liabilities-to-assets ratio of 8.11%, showcasing its strong financial position and ability to meet obligations. The presence of listed whistleblower and document retention policies further emphasizes its commitment to transparency and ethical practices.
While the overall rating is positive, potential donors may want to consider the specific strengths in governance and financial management highlighted in the rating. The absence of any material diversion of assets adds to the organization's credibility; however, ongoing scrutiny of its operations and impact may be beneficial for stakeholders looking for sustained performance.
This AI summary has been generated from information found on Charity Navigator.
Is Riverside Presbyterian Apartments Inc legitimate?
Riverside Presbyterian Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Presbyterian Apartments 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: $533,534
For more financial information, click here
What is the mission statement of Riverside Presbyterian Apartments Inc?
Riverside Presbyterian Apartments Inc is a church-related, non-profit organization dedicated to providing services for older adults. Their mission is to create and preserve excellent residential facilities, honoring each individual's dignity, rights, self-respect, and independence. They are committed to stewardship, recognizing the responsibility to use their resources effectively. The organization aims to provide a program that respects the autonomy and independence of elderly residents, while also ensuring responsible use of their resources.
Who is the CEO of Riverside Presbyterian Apartments Inc?
Henry Keith is the Execvp/Assts of Riverside Presbyterian Apartments Inc.
What is the revenue of Riverside Presbyterian Apartments Inc?
Riverside Presbyterian Apartments Inc's revenue in 2022 was $1,894,188.
Who are the executives of Riverside Presbyterian Apartments Inc and what are their salaries?
The average compensation at Riverside Presbyterian Apartments Inc during 2022 was $35,569. There are 15 employees and 50 volunteers at Riverside Presbyterian Apartments Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $627,004
- Other: $12,206
- Compensation: $0
- Related: $531,910
- Other: $14,869
- 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: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Riverside Presbyterian Apartments Inc?
Riverside Presbyterian Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Riverside Presbyterian Apartments Inc
Riverside Presbyterian Apartments Inc, a church-related, non-profit organization, is dedicated and committed to providing services for older adults. Their mission is centered around creating and preserving excellent residential facilities. They believe in and are committed to honoring each person's dignity, rights, self-respect, and independence. Their commitment extends to a program of stewardship, recognizing the responsibility to use their resources well. In essence, Riverside Presbyterian Apartments Inc is dedicated to enhancing the lives of older adults by providing them with safe and respectful living environments, while upholding the importance of personal dignity and self-sufficiency.
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Impact
July, 2024
Riverside Presbyterian Apartments Inc's impact lies in providing much-needed housing for low-income elderly individuals in the Orlando area. By operating a 204-unit facility under Sections 8 and 202 of the National Housing Act, this organization is directly contributing to the well-being and quality of life of elderly citizens in need. Through their dedication to honoring each individual's dignity, rights, self-respect, and independence, Riverside Presbyterian Apartments Inc is creating a positive and supportive living environment for older adults. Their commitment to stewardship ensures that resources are utilized efficiently to continue serving this vulnerable population.
This information is meant to be a general summary of Riverside Presbyterian Apartments 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: -$3,962
- Program Service Revenue: $1,897,141
- Gross Receipts: $1,898,305
Assets and Liabilities:
- Total Assets: $2,948,624
- Total Liabilities: $254,232
- Net Assets: $2,694,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET ROOM RENTAL
Revenue
$1,399,033
FEES/CONTRACTS FROM GOV AGENC
Revenue
$469,223
OTHER REVENUE
Revenue
$28,885
Organization Details
Founding Year
1967
Phone
(407) 839-5050Principal Officer
Henry Keith
Main Address
80 W LUCERNE CIRCLE, ORLANDO, FL, 32801
NTEE Category
Code: L22 - Housing
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