Overview
What is Riverside Charitable Corporation?
Riverside Charitable Corporation is a nonprofit organization dedicated to addressing the housing needs of individuals and families of low income. Their mission is twofold: firstly, to assist those who cannot afford life's essentials by providing them with affordable housing; and secondly, to alleviate the burden on government and aid the less fortunate within our communities. They achieve this by developing and managing social service-enriched affordable housing. This means they not only offer affordable living spaces but also incorporate supportive services to enhance the residents' quality of life.
Official website here: www.riversidecharitable.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
Riverside Charitable Corporation has achieved an impressive 92% score, indicating strong accountability and financial practices. The charity's rating is based entirely on metrics related to its financial health and governance, showcasing its commitment to transparency and responsible management. With 83% of its board members being independent, the organization demonstrates a robust governance structure that enhances its credibility.
The financial oversight mechanisms in place are commendable, reflected through its well-functioning audit and oversight committee and a clean record regarding the diversion of assets. The organization also maintains a solid financial position, with a low liabilities-to-assets ratio and a significant working capital ratio, indicating stability and the ability to meet its obligations.
However, while the financial health and governance practices are commendable, the salaries of key personnel may raise questions regarding the allocation of funds. In particular, the salaries of the Deputy Executive Director and President are relatively high, which could prompt further scrutiny regarding compensation relative to the charity's mission and operational needs. Overall, Riverside Charitable Corporation presents itself as a reliable and responsible nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Riverside Charitable Corporation legitimate?
Riverside Charitable Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverside Charitable 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: $853,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $391,027
For more financial information, click here
Official website here: www.riversidecharitable.org
What is the mission statement of Riverside Charitable Corporation?
The Riverside Charitable Corporation's mission is to assist individuals struggling financially, alleviate the burden on government resources, and support the less fortunate in the community. They achieve this by developing and managing affordable housing that is enriched with social services, ensuring that those in need have access to safe, decent living spaces. The organization's primary goal is to provide essential housing solutions for people with low income.
Official website here: www.riversidecharitable.org
Who is the CEO of Riverside Charitable Corporation?
Kenneth S Robertson is the President of Riverside Charitable Corporation.
Official website here: www.riversidecharitable.org
What is the revenue of Riverside Charitable Corporation?
Riverside Charitable Corporation's revenue in 2022 was $6,826,305.
Official website here: www.riversidecharitable.org
Who are the executives of Riverside Charitable Corporation and what are their salaries?
The average compensation at Riverside Charitable Corporation during 2022 was $155,608. There are 8 employees and 6 volunteers at Riverside Charitable Corporation.
Here are 8 key members and their salaries:
- Compensation: $417,500
- Related: $0
- Other: $17,233
- 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: $419,103
- Related: $0
- Other: $0
- Compensation: $256,104
- Related: $0
- Other: $13,496
Official website here: www.riversidecharitable.org
Where can I find the form 990 for Riverside Charitable Corporation?
Riverside Charitable Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riversidecharitable.org
Learn more at the official website: www.riversidecharitable.org
Mission Statement of Riverside Charitable Corporation
Riverside Charitable Corporation, a nonprofit organization, is committed to assisting individuals and families who struggle to afford life's essentials. By developing and managing affordable housing, the corporation aims to reduce the burden on government resources and offer a helping hand to those less fortunate in our communities. The organization's mission is to provide these individuals with safe and supportive living environments that are enriched with social services. This approach not only ensures the basic needs of residents are met but also empowers them to lead more stable and independent lives.
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Impact
July, 2024
Riverside Charitable Corporation's impact lies in providing safe, decent, and supportive-service enriched affordable housing to those who are unable to afford the necessities of life. By developing and operating social service-enriched affordable housing for people of low income, this organization helps reduce the burden on government resources and supports the less fortunate in our communities. Their mission, centered on helping those in need access essential housing, contributes significantly to addressing homelessness and improving the quality of life for low-income individuals and families in Tustin, California.
This information is meant to be a general summary of Riverside Charitable 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: $62,520
- Program Service Revenue: $3,996,743
- Gross Receipts: $6,826,305
Assets and Liabilities:
- Total Assets: $46,728,290
- Total Liabilities: $6,264,179
- Net Assets: $40,464,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFD HSG PARTNERSHIPS
Revenue
$3,348,895
PASS-THROUGH INCOME
Revenue
$397,714
MANAGEMENT FEE
Revenue
$207,439
RENTAL INCOME
Revenue
$42,695
Organization Details
Founding Year
1988
Phone
(714) 628-1654Principal Officer
Kenneth S Robertson
Main Address
14131 YORBA ST, TUSTIN, CA, 92780
Website
www.riversidecharitable.orgNTEE Category
Code: L80 - Housing
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