Riverview Terrace Inc

Analysis

Riverview Terrace Inc is a registered charity in United States, based in Napoleon, OH. It received its IRS tax-exemption ruling in December 1987, 39 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 Terrace Inc reported income of $537k and spending of $526k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $492k to $537k (+9.2%), an average of +2.2% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Riverview Terrace Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Allied Jewish Apartments Endowment ($537k), New Life Economic Development Inc ($538k) and Habitat for Humanity International Inc ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$409k.