Overview
What is River Communities Fiduciary Services Inc?
River Communities Fiduciary Services Inc is a nonprofit organization located in Ambridge, Pennsylvania. Their primary mission is to assist and improve the quality of life for individuals by providing fiduciary services. By becoming their fiduciary, they protect their assets by investing them in a common trust. They strive to make their services accessible to all individuals in need, aiming to enhance their quality of life and safeguard their assets. With a team of eight dedicated employees, River Communities Fiduciary Services Inc is committed to helping individuals manage their financial well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
River Communities Fiduciary Services Inc has a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in certain governance aspects, such as having a majority of independent board members and a conflict of interest policy, it falls short in essential financial areas, notably the absence of financial statements and a high liabilities-to-assets ratio.
User reviews reveal a troubling pattern of complaints from clients. Many individuals report feeling financially exploited, alleging mismanagement of funds and breach of contractual obligations. Serious accusations include theft of personal property and mishandling of guardianship responsibilities, raising significant red flags around the organization's reliability and ethics in fiduciary services.
Overall, while River Communities Fiduciary Services Inc has some structural strengths, the overwhelming negative feedback from clients suggests a critical need for improvement in its operational integrity and client care. Prospective clients should exercise caution and consider these issues before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is River Communities Fiduciary Services Inc legitimate?
River Communities Fiduciary Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. River Communities Fiduciary Services 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: $101,738
Professional Fundraising Fees: $0
Other Salaries and Wages: $221,606
For more financial information, click here
What is the mission statement of River Communities Fiduciary Services Inc?
River Communities Fiduciary Services Inc's mission is centered around making their services accessible to individuals in need of support, aiming to enhance their quality of life and safeguard their assets. Through the River Communities Fiduciary Services Common Trust, they have successfully assisted numerous individuals, improving their lives and protecting their assets by investing their assets wisely. The organization's primary objective is to provide support that can positively impact the lives of those in need, while ensuring their assets are well-protected.
What is the revenue of River Communities Fiduciary Services Inc?
River Communities Fiduciary Services Inc's revenue in 2023 was $515,469.
Who are the executives of River Communities Fiduciary Services Inc and what are their salaries?
The average compensation at River Communities Fiduciary Services Inc during 2023 was $32,334. There are 10 employees at River Communities Fiduciary Services Inc.
Here are 7 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $51,238
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $50,500
- Related: $0
- Other: $0
Where can I find the form 990 for River Communities Fiduciary Services Inc?
River Communities Fiduciary Services Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of River Communities Fiduciary Services Inc
River Communities Fiduciary Services Inc, as an organization, is dedicated to making its services accessible to individuals in need, with the aim of enhancing their quality of life and safeguarding their assets. This mission is carried out through the River Communities Fiduciary Services Common Trust. By assuming the role of a fiduciary, the organization has been instrumental in improving the lives of numerous individuals. Additionally, it has ensured the security of their assets by investing them in the common trust.
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Impact
July, 2024
River Communities Fiduciary Services Inc has a significant impact on individuals in need by providing accessible support to improve their quality of life and protect their assets. Through their Common Trust, they serve as fiduciaries, assisting individuals to enhance their well-being and safeguard their resources. Their work directly contributes to the financial security and overall welfare of those they serve, making a meaningful difference in the lives of community members.
This information is meant to be a general summary of River Communities Fiduciary Services 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 2023.
- Investment Income: $33
- Program Service Revenue: $501,353
- Gross Receipts: $515,469
Assets and Liabilities:
- Total Assets: $7,422,406
- Total Liabilities: $7,292,932
- Net Assets: $129,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRUSTEE FEES
Revenue
$101,580
POOLED TRUST FEES
Revenue
$85,657
GUARDIANSHIP FEES
Revenue
$250,278
ESTATE ADMIN FEES
Revenue
$25,000
CLIENT REAL ESTATE MGMT FEES
Revenue
$31,485
Organization Details
Founding Year
2016
Principal Officer
Eric O'Connor
NTEE Category
Code: P50 - Human services
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