Rios Senior Residence Housing Development Fund Corporation
Rios Senior Residence consistently operates with no reported officer compensation and stable finances.
EIN: 133738157 · New York, NY · NTEE: E91Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-4,185,656 |
| Transparency Score | 90/100 |
Is Rios Senior Residence Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rios Senior Residence Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rios Senior Residence Housing Development Fund Corporation
Rios Senior Residence Housing Development Fund Corporation (EIN: 133738157) is a nonprofit organization based in New York, NY, classified under NTEE code E91Z. The organization reported total revenue of $1.9M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rios Senior Residence Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rios Senior Residence Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$34K |
| Total Assets | $6.0M |
| Total Liabilities | $10.2M |
| Net Assets | $-4,185,656 |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 169.5% |
| Months of Reserves | 37.7 months |
Financial Health Grade: A
In 2023, Rios Senior Residence Housing Development Fund Corporation reported a surplus of $34K with revenue exceeding expenses, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 169.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rios Senior Residence Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.2% | +7.3% | +6.4% |
| 2022 | +3.8% | +7.7% | +0.1% |
| 2021 | +5.1% | -14.5% | +4.2% |
| 2020 | +16.2% | +25.1% | -0.2% |
| 2019 | +15.4% | +18.8% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Rios Senior Residence Housing Development Fund Corporation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rios Senior Residence Housing Development Fund Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 169.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive compensation directly from the organization, which is highly unusual for an organization with annual revenues approaching $2 million.
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 Rios Senior Residence Housing Development Fund Corporation's IRS 990 filings:
- High liabilities relative to assets, though common for housing development funds, warrants further investigation into their nature and repayment terms.
Strengths
The following positive indicators were identified for Rios Senior Residence Housing Development Fund Corporation:
- No reported officer compensation across all filings, indicating high efficiency in resource allocation.
- Consistent financial stability with revenues generally exceeding or closely matching expenses.
- Positive trend in assets, suggesting growth and capacity.
- Strong program focus, as implied by the nature of a Housing Development Fund Corporation and lack of fundraising expenses.
Frequently Asked Questions about Rios Senior Residence Housing Development Fund Corporation
Is Rios Senior Residence Housing Development Fund Corporation a legitimate charity?
Rios Senior Residence Housing Development Fund Corporation (EIN: 133738157) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Rios Senior Residence Housing Development Fund Corporation spend its money?
Rios Senior Residence Housing Development Fund Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Rios Senior Residence Housing Development Fund Corporation tax-deductible?
Rios Senior Residence Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 133738157). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rios Senior Residence Housing Development Fund Corporation CEO make?
Rios Senior Residence Housing Development Fund Corporation's highest-compensated officer earns $2 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Rios Senior Residence Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Rios Senior Residence Housing Development Fund Corporation is above average for NTEE category E91Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rios Senior Residence Housing Development Fund Corporation located?
Rios Senior Residence Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 133738157. It is classified under NTEE code E91Z.
How many years of IRS 990 filings does Rios Senior Residence Housing Development Fund Corporation have?
Rios Senior Residence Housing Development Fund Corporation 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 $1.9M in total revenue.
Is Rios Senior Residence Housing Development Fund Corporation a good charity?
Based on the available data, the organization appears to be a good charity. It consistently reports no officer compensation, maintains stable finances, and its mission is directly supported by its housing development activities. Its high program spending efficiency is a strong positive.
How does the organization manage its liabilities?
The organization consistently carries significant liabilities, ranging from approximately $9.8 million to $10.2 million over the past five years. While these are substantial relative to its assets, this is common for housing development funds that often carry mortgages or other long-term debt related to property acquisition and development. Further context on the nature of these liabilities would be beneficial.
What is the trend in the organization's assets?
The organization's assets have shown a positive trend, increasing from $5,425,383 in 2020 to $6,021,974 in 2023, indicating growth in its financial base and potentially its housing portfolio.
Filing History
IRS 990 filing history for Rios Senior Residence Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rios Senior Residence Housing Development Fund Corporation's revenue has grown by 193.5%, moving from $665K to $2.0M. Total assets decreased by 12.4% over the same period, from $6.9M to $6.0M. Total functional expenses rose by 105.5%, from $933K to $1.9M. In its most recent filing year (2023), Rios Senior Residence Housing Development Fund Corporation reported a surplus of $34K, with revenue exceeding expenses. The organization holds $10.2M in liabilities against $6.0M in assets (debt-to-asset ratio: 169.5%), resulting in net assets of $-4,185,656.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $1.9M | $6.0M | $10.2M | — | — |
| 2022 | $2.0M | $1.8M | $5.7M | $9.9M | — | View 990 |
| 2021 | $1.9M | $1.7M | $5.7M | $10.0M | — | View 990 |
| 2020 | $1.8M | $1.9M | $5.4M | $10.0M | — | — |
| 2019 | $1.5M | $1.6M | $5.4M | $9.9M | — | View 990 |
| 2018 | $1.3M | $1.3M | $5.4M | $9.9M | — | View 990 |
| 2017 | $1.3M | $1.4M | $5.7M | $10.2M | — | View 990 |
| 2016 | $986K | $1.2M | $5.9M | $10.2M | — | View 990 |
| 2015 | $1.3M | $1.2M | $6.3M | $10.3M | — | View 990 |
| 2014 | $819K | $1.2M | $6.1M | $10.1M | — | View 990 |
| 2013 | $814K | $985K | $6.2M | $9.9M | — | View 990 |
| 2012 | $812K | $1.0M | $6.5M | $10.0M | — | View 990 |
| 2011 | $665K | $933K | $6.9M | $10.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $6.0M (revenue -0.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.8M, and assets of $5.7M (revenue +3.8% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $5.7M (revenue +5.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $5.4M (revenue +16.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $5.4M (revenue +15.4% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $5.4M (revenue +6.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $5.7M (revenue +27.4% year-over-year).
- 2016: Revenue of $986K, expenses of $1.2M, and assets of $5.9M (revenue -22.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $6.3M (revenue +56.1% year-over-year).
- 2014: Revenue of $819K, expenses of $1.2M, and assets of $6.1M (revenue +0.7% year-over-year).
- 2013: Revenue of $814K, expenses of $985K, and assets of $6.2M (revenue +0.2% year-over-year).
- 2012: Revenue of $812K, expenses of $1.0M, and assets of $6.5M (revenue +22.2% year-over-year).
- 2011: Revenue of $665K, expenses of $933K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rios Senior Residence Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Rios Senior Residence Housing Development Fund 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.