Ridgeview Terrace Inc

Analysis

Ridgeview Terrace Inc is a registered charity in United States, based in Ashtabula, OH. It received its IRS tax-exemption ruling in March 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ridgeview Terrace Inc reported income of $471k and spending of $577k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $471k (+6.1%), an average of +1.5% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ridgeview Terrace Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Washington Housing Nonprofit Inc Marc a Recko ($471k), M Carter Plaza ($471k) and Denton Green Housing Company Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Other salaries and wages came to $99k. At year end it held assets of $2.4m against liabilities of $196k, net assets of $2.2m.

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.