Riese Saint Marys Corporation
Riese Saint Marys Corporation: Consistent Revenue, Declining Assets, and High Liabilities
EIN: 222299252 · Passaic, NJ · NTEE: L22Z · Updated: 2026-04-04
About Riese Saint Marys Corporation
Riese Saint Marys Corporation (EIN: 222299252) is a nonprofit organization based in Passaic, NJ, classified under NTEE code L22Z. The organization reported total revenue of $1.7M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riese Saint Marys Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riese Saint Marys Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Riese Saint Marys Corporation allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation data is not provided in the given financial filings, preventing a specific assessment.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Riese Saint Marys Corporation's IRS 990 filings:
- Consistent decline in total assets over the past 7 years, from $4,433,342 in 2016 to $3,846,489 in 2023.
- The organization's liabilities, while decreasing, were still $461,684 in 2023, which is a notable portion of its assets.
Strengths
The following positive indicators were identified for Riese Saint Marys Corporation:
- Stable revenue generation over the past several years, demonstrating consistent operational funding.
- Significant reduction in liabilities from $2,791,189 in 2016 to $461,684 in 2023, indicating strong financial management in debt reduction.
Frequently Asked Questions about Riese Saint Marys Corporation
What does Riese Saint Marys Corporation do?
Riese Saint Marys Corporation is a nonprofit organization in the Housing & Shelter sector, located in Passaic, New Jersey. It is classified under NTEE code L22Z.
How much revenue does Riese Saint Marys Corporation have?
Riese Saint Marys Corporation reported total revenue of $1,730,673. Based on 13 IRS 990 filings on record.
What are Riese Saint Marys Corporation's total assets?
Riese Saint Marys Corporation holds total assets of $4,134,555 as reported in IRS 990 filings.
Where is Riese Saint Marys Corporation located?
Riese Saint Marys Corporation is based in Passaic, New Jersey.
What is Riese Saint Marys Corporation's EIN?
Riese Saint Marys Corporation's Employer Identification Number (EIN) is 222299252. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Riese Saint Marys Corporation?
Riese Saint Marys Corporation is classified under NTEE code L22Z (Housing & Shelter).
Is Riese Saint Marys Corporation a registered 501(c)(3)?
Yes, Riese Saint Marys Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222299252.
Does Riese Saint Marys Corporation file IRS Form 990?
Yes, Riese Saint Marys Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Riese Saint Marys Corporation's revenue in 2023?
In the 202312 filing period, Riese Saint Marys Corporation reported total revenue of $1,576,746, total expenses of $1,112,136, and net assets of $3,846,489.
Is Riese Saint Marys Corporation's revenue growing or declining?
Riese Saint Marys Corporation's revenue is relatively stable. Revenue went from $1,541,112 (202212) to $1,576,746 (202312), a +2.3% change. Based on 13 filings on record.
What is Riese Saint Marys Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Riese Saint Marys Corporation covers tax period 202312. It shows revenue of $1,576,746, expenses of $1,112,136, total assets of $3,846,489, and liabilities of $461,684.
How much does Riese Saint Marys Corporation spend on programs vs administration?
Based on IRS 990 analysis, Riese Saint Marys Corporation allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Riese Saint Marys Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Riese Saint Marys Corporation shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Riese Saint Marys Corporation?
The following concerns were identified: Consistent decline in total assets over the past 7 years, from $4,433,342 in 2016 to $3,846,489 in 2023.. The organization's liabilities, while decreasing, were still $461,684 in 2023, which is a notable portion of its assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Riese Saint Marys Corporation's strengths?
Positive indicators for Riese Saint Marys Corporation include: Stable revenue generation over the past several years, demonstrating consistent operational funding.. Significant reduction in liabilities from $2,791,189 in 2016 to $461,684 in 2023, indicating strong financial management in debt reduction.. These findings are derived from AI analysis of the organization's financial filings.
How does Riese Saint Marys Corporation compensate executives?
Executive compensation data is not provided in the given financial filings, preventing a specific assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Riese Saint Marys Corporation?
• The organization's revenue has remained relatively stable over the past several years, hovering around $1.4M-$1.7M annually. • Total assets have shown a consistent decline from $4.4M in 2016 to $3.8M in 2023. • Liabilities have significantly decreased from $2.7M in 2016 to $461,684 in 2023, indicating improved financial health in this area. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors are contributing to the consistent decline in total assets despite stable revenue?
The consistent decline in total assets, from $4,433,342 in 2016 to $3,846,489 in 2023, suggests potential depreciation of fixed assets, divestment of certain holdings, or a lack of significant new asset acquisitions. Further investigation into the composition of assets and capital expenditure would be necessary.
How has the organization managed to drastically reduce its liabilities over the past seven years?
The substantial reduction in liabilities from $2,791,189 in 2016 to $461,684 in 2023 indicates effective debt management strategies, potentially through repayment of loans, successful fundraising efforts directed at liability reduction, or restructuring of financial obligations. This is a significant positive financial trend.
Filing History
IRS 990 filing history for Riese Saint Marys Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riese Saint Marys Corporation's revenue has grown by 16.4%, moving from $1.4M to $1.6M. Total assets decreased by 9.6% over the same period, from $4.3M to $3.8M. Total functional expenses fell by 13.2%, from $1.3M to $1.1M. In its most recent filing year (2023), Riese Saint Marys Corporation reported a surplus of $465K, with revenue exceeding expenses. The organization holds $462K in liabilities against $3.8M in assets (debt-to-asset ratio: 12.0%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.1M | $3.8M | $462K | — | — |
| 2022 | $1.5M | $1.2M | $3.8M | $850K | — | View 990 |
| 2021 | $1.5M | $1.2M | $3.9M | $1.2M | — | View 990 |
| 2020 | $1.5M | $1.2M | $3.9M | $1.6M | — | — |
| 2019 | $1.5M | $1.4M | $4.0M | $2.0M | — | View 990 |
| 2018 | $1.4M | $1.3M | $4.2M | $2.2M | — | View 990 |
| 2017 | $1.4M | $1.3M | $4.3M | $2.5M | — | View 990 |
| 2016 | $1.4M | $1.3M | $4.4M | $2.8M | — | View 990 |
| 2015 | $1.9M | $1.3M | $4.6M | $3.0M | — | View 990 |
| 2014 | $1.4M | $1.2M | $4.2M | $3.2M | — | View 990 |
| 2013 | $1.4M | $1.3M | $4.2M | $3.4M | — | View 990 |
| 2012 | $1.4M | $1.2M | $4.3M | $3.6M | — | View 990 |
| 2011 | $1.4M | $1.3M | $4.3M | $3.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.1M, and assets of $3.8M (revenue +2.3% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.2M, and assets of $3.8M (revenue +2.4% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $3.9M (revenue +1.6% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.2M, and assets of $3.9M (revenue +1.7% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $4.0M (revenue +1.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $4.2M (revenue +1.0% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.3M, and assets of $4.3M (revenue -0.2% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $4.4M (revenue -25.6% year-over-year).
- 2015: Revenue of $1.9M, expenses of $1.3M, and assets of $4.6M (revenue +37.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $4.2M (revenue -0.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $4.2M (revenue +0.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.2M, and assets of $4.3M (revenue +1.9% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $4.3M.
Data Sources and Methodology
This transparency report for Riese Saint Marys Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.