Riese St Gerard Housing Corp
Riese St Gerard Housing Corp: Declining Assets and High Administrative Costs Raise Concerns
EIN: 222832510 · Paterson, NJ · NTEE: L22Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $425K |
| Total Expenses | $427K |
| Program Spending | 60% |
| Net Assets | $1.0M |
| Transparency Score | 65/100 |
Is Riese St Gerard Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riese St Gerard Housing Corp directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Riese St Gerard Housing Corp
Riese St Gerard Housing Corp (EIN: 222832510) is a nonprofit organization based in Paterson, NJ, classified under NTEE code L22Z. The organization reported total revenue of $425K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riese St Gerard Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riese St Gerard Housing Corp is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $392K |
| Total Expenses | $427K |
| Surplus / Deficit | $-35,300 |
| Total Assets | $1.1M |
| Total Liabilities | $32K |
| Net Assets | $1.0M |
| Operating Margin | -9.0% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 30.1 months |
Financial Health Grade: B
In 2023, Riese St Gerard Housing Corp reported a deficit of $35K with expenses exceeding revenue, holds 30.1 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riese St Gerard Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.5% | -4.9% | -5.3% |
| 2022 | +3.1% | +10.2% | -3.0% |
| 2021 | +3.8% | +1.8% | -2.8% |
| 2020 | +4.3% | +1.6% | -3.0% |
| 2019 | +2.7% | -11.3% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riese St Gerard Housing Corp 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: 25%
- programs: 60%
- fundraising: 15%
According to IRS 990 filings, Riese St Gerard Housing Corp allocates its expenses as follows: admin: 25%, programs: 60%, fundraising: 15%. Approximately 60% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.0%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary figures from the filings.
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 St Gerard Housing Corp's IRS 990 filings:
- Total assets have consistently declined from $1,465,008 in 2016 to $1,005,380 in 2023, indicating a significant reduction in organizational capacity.
- Expenses have frequently exceeded revenue, such as in 2022 ($449,028 expenses vs. $386,006 revenue) and 2018 ($444,220 expenses vs. $336,526 revenue), suggesting potential operational inefficiencies or reliance on reserves.
- The organization's liabilities have fluctuated but remain a notable portion of assets, with $31,916 in liabilities against $1,005,380 in assets in 2023.
Strengths
The following positive indicators were identified for Riese St Gerard Housing Corp:
- Consistent filing of financial data over multiple years (2016-2023) demonstrates a commitment to regulatory compliance.
- The organization has maintained a consistent level of revenue generation, generally in the $330,000-$420,000 range, indicating a stable funding base.
Frequently Asked Questions about Riese St Gerard Housing Corp
Is Riese St Gerard Housing Corp a legitimate charity?
Riese St Gerard Housing Corp (EIN: 222832510) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $425K. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Riese St Gerard Housing Corp spend its money?
Riese St Gerard Housing Corp directs 60% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Riese St Gerard Housing Corp tax-deductible?
Riese St Gerard Housing Corp is registered as a tax-exempt nonprofit (EIN: 222832510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riese St Gerard Housing Corp's spending goes to programs?
Riese St Gerard Housing Corp directs 60% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Riese St Gerard Housing Corp compare to similar nonprofits?
With a transparency score of 65/100 (Good), Riese St Gerard Housing Corp is above average for NTEE category L22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riese St Gerard Housing Corp located?
Riese St Gerard Housing Corp is headquartered in Paterson, New Jersey and files with the IRS under EIN 222832510. It is classified under NTEE code L22Z.
How many years of IRS 990 filings does Riese St Gerard Housing Corp have?
Riese St Gerard Housing Corp has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $425K in total revenue.
What does Riese St Gerard Housing Corp do?
Riese St Gerard Housing Corp is a nonprofit organization in the Housing & Shelter sector, located in Paterson, New Jersey. It is classified under NTEE code L22Z.
How much revenue does Riese St Gerard Housing Corp have?
Riese St Gerard Housing Corp reported total revenue of $425,018. Based on 13 IRS 990 filings on record.
What are Riese St Gerard Housing Corp's total assets?
Riese St Gerard Housing Corp holds total assets of $1,005,380 as reported in IRS 990 filings.
Where is Riese St Gerard Housing Corp located?
Riese St Gerard Housing Corp is based in Paterson, New Jersey.
What is Riese St Gerard Housing Corp's EIN?
Riese St Gerard Housing Corp's Employer Identification Number (EIN) is 222832510. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Riese St Gerard Housing Corp?
Riese St Gerard Housing Corp is classified under NTEE code L22Z (Housing & Shelter).
Is Riese St Gerard Housing Corp a registered 501(c)(3)?
Yes, Riese St Gerard Housing Corp is recognized as a tax-exempt organization by the IRS. EIN: 222832510.
Does Riese St Gerard Housing Corp file IRS Form 990?
Yes, Riese St Gerard Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Riese St Gerard Housing Corp's revenue in 2023?
In the 202309 filing period, Riese St Gerard Housing Corp reported total revenue of $391,943, total expenses of $427,243, and net assets of $1,072,543.
Is Riese St Gerard Housing Corp's revenue growing or declining?
Riese St Gerard Housing Corp's revenue is relatively stable. Revenue went from $386,006 (202209) to $391,943 (202309), a +1.5% change. Based on 13 filings on record.
What is Riese St Gerard Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Riese St Gerard Housing Corp covers tax period 202309. It shows revenue of $391,943, expenses of $427,243, total assets of $1,072,543, and liabilities of $31,916.
How much does Riese St Gerard Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Riese St Gerard Housing Corp allocates approximately 60% of expenses to program services, 25% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Riese St Gerard Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Riese St Gerard Housing Corp shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Riese St Gerard Housing Corp?
The following concerns were identified: Total assets have consistently declined from $1,465,008 in 2016 to $1,005,380 in 2023, indicating a significant reduction in organizational capacity.. Expenses have frequently exceeded revenue, such as in 2022 ($449,028 expenses vs. $386,006 revenue) and 2018 ($444,220 expenses vs. $336,526 revenue), suggesting potential operational inefficiencies or reliance on reserves.. The organization's liabilities have fluctuated but remain a notable portion of assets, with $31,916 in liabilities against $1,005,380 in assets in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Riese St Gerard Housing Corp's strengths?
Positive indicators for Riese St Gerard Housing Corp include: Consistent filing of financial data over multiple years (2016-2023) demonstrates a commitment to regulatory compliance.. The organization has maintained a consistent level of revenue generation, generally in the $330,000-$420,000 range, indicating a stable funding base.. These findings are derived from AI analysis of the organization's financial filings.
How does Riese St Gerard Housing Corp compensate executives?
Executive compensation cannot be assessed without specific salary figures from the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Riese St Gerard Housing Corp?
• Financial filings are consistently available, showing revenue, expenses, and assets. • Detailed program breakdowns are not readily apparent from the provided summary data. • Executive compensation details are not included in the provided data, limiting a full transparency assessment. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What specific factors are contributing to the consistent decline in total assets, and what strategies are in place to reverse this trend?
The data shows a steady decrease in assets from $1,465,008 in 2016 to $1,005,380 in 2023. Without further detail on asset composition (e.g., property sales, depreciation, investment performance), it's unclear if this is due to strategic divestment, operational losses, or other factors. Understanding the underlying causes is crucial for assessing long-term sustainability.
Given the recurring instances where expenses exceed revenue, how does the organization manage its financial stability and what is the source of funding for these deficits?
In several years, such as 2022 ($449,028 expenses vs. $386,006 revenue) and 2018 ($444,220 expenses vs. $336,526 revenue), expenses surpassed revenue. This suggests the organization may be drawing from reserves or other non-operating income to cover costs. A detailed breakdown of funding sources and expense categories would clarify its financial resilience.
Filing History
IRS 990 filing history for Riese St Gerard Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riese St Gerard Housing Corp's revenue has grown by 25.8%, moving from $311K to $392K. Total assets decreased by 36.8% over the same period, from $1.7M to $1.1M. Total functional expenses rose by 18.3%, from $361K to $427K. In its most recent filing year (2023), Riese St Gerard Housing Corp reported a deficit of $35K, with expenses exceeding revenue. The organization holds $32K in liabilities against $1.1M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $392K | $427K | $1.1M | $32K | — | View 990 |
| 2022 | $386K | $449K | $1.1M | $57K | — | View 990 |
| 2021 | $374K | $408K | $1.2M | $29K | — | View 990 |
| 2020 | $360K | $400K | $1.2M | $29K | — | View 990 |
| 2019 | $346K | $394K | $1.2M | $26K | — | View 990 |
| 2018 | $337K | $444K | $1.3M | $32K | — | View 990 |
| 2017 | $332K | $400K | $1.4M | $28K | — | View 990 |
| 2016 | $331K | $418K | $1.5M | $28K | — | View 990 |
| 2015 | $333K | $329K | $1.5M | $26K | — | View 990 |
| 2014 | $327K | $389K | $1.5M | $25K | — | View 990 |
| 2013 | $323K | $373K | $1.6M | $24K | — | View 990 |
| 2012 | $318K | $362K | $1.7M | $23K | — | View 990 |
| 2011 | $311K | $361K | $1.7M | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $392K, expenses of $427K, and assets of $1.1M (revenue +1.5% year-over-year).
- 2022: Revenue of $386K, expenses of $449K, and assets of $1.1M (revenue +3.1% year-over-year).
- 2021: Revenue of $374K, expenses of $408K, and assets of $1.2M (revenue +3.8% year-over-year).
- 2020: Revenue of $360K, expenses of $400K, and assets of $1.2M (revenue +4.3% year-over-year).
- 2019: Revenue of $346K, expenses of $394K, and assets of $1.2M (revenue +2.7% year-over-year).
- 2018: Revenue of $337K, expenses of $444K, and assets of $1.3M (revenue +1.5% year-over-year).
- 2017: Revenue of $332K, expenses of $400K, and assets of $1.4M (revenue +0.1% year-over-year).
- 2016: Revenue of $331K, expenses of $418K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2015: Revenue of $333K, expenses of $329K, and assets of $1.5M (revenue +1.8% year-over-year).
- 2014: Revenue of $327K, expenses of $389K, and assets of $1.5M (revenue +1.1% year-over-year).
- 2013: Revenue of $323K, expenses of $373K, and assets of $1.6M (revenue +1.5% year-over-year).
- 2012: Revenue of $318K, expenses of $362K, and assets of $1.7M (revenue +2.2% year-over-year).
- 2011: Revenue of $311K, expenses of $361K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riese St Gerard Housing Corp:
Data Sources and Methodology
This transparency report for Riese St Gerard Housing Corp 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.