Riverview Apartments Senior Housing

Analysis

Riverview Apartments Senior Housing is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Riverview Apartments Senior Housing reported income of $361k and spending of $662k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $361k (+20%), an average of +4.6% a year. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverview Apartments Senior Housing sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Bivins Village ($361k), Family Promise of Butler County ($361k) and Riverside Plaza Two Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.2m against liabilities of $2.3m, net assets of $3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.