Riverdale Mental Health Association Inc
Riverdale Mental Health Association Inc. shows consistent revenue, growing assets, and no reported officer compensation.
EIN: 131930700 · Bronx, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.8M |
| Total Expenses | $5.8M |
| Program Spending | 85% |
| Net Assets | $2.3M |
| Transparency Score | 88/100 |
Is Riverdale Mental Health Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverdale Mental Health Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverdale Mental Health Association Inc
Riverdale Mental Health Association Inc (EIN: 131930700) is a nonprofit organization based in Bronx, NY. The organization reported total revenue of $6.8M and total assets of $9.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverdale Mental Health Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverdale Mental Health Association Inc is a mid-size nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.9M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$77K |
| Total Assets | $5.8M |
| Total Liabilities | $3.5M |
| Net Assets | $2.3M |
| Operating Margin | 1.3% |
| Debt-to-Asset Ratio | 59.6% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2023, Riverdale Mental Health Association Inc reported a surplus of $77K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 59.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riverdale Mental Health Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -29.6% | -4.3% | +43.9% |
| 2022 | +38.0% | +2.3% | +28.8% |
| 2021 | +0.8% | -9.2% | +38.7% |
| 2020 | -5.6% | +3.2% | +5.6% |
| 2019 | +5.1% | -0.2% | +12.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1800 |
| IRS Ruling Date | 1960 |
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 Riverdale Mental Health Association Inc with a Mission Score of 88 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: 85%
- fundraising: 5%
According to IRS 990 filings, Riverdale Mental Health Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $77K, with revenue exceeding expenses.
- Debt-to-asset ratio: 59.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly commendable and indicates that no compensation is paid to officers, directors, trustees, or key employees, or that it is not reported in this summary data. This suggests a strong commitment to directing resources towards its mission.
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.
Strengths
The following positive indicators were identified for Riverdale Mental Health Association Inc:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency and mission focus.
- Significant growth in assets from $2,260,612 in 2020 to $5,814,661 in 2023, demonstrating financial stability and growth.
- Positive net income in recent years (e.g., 2022 revenue of $8,407,718 exceeded expenses of $6,109,263), contributing to asset growth.
- Stable revenue stream, consistently around $6-8 million annually, indicating reliable funding for operations.
Frequently Asked Questions about Riverdale Mental Health Association Inc
Is Riverdale Mental Health Association Inc a legitimate charity?
Riverdale Mental Health Association Inc (EIN: 131930700) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.8M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Riverdale Mental Health Association Inc spend its money?
Riverdale Mental Health Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Riverdale Mental Health Association Inc tax-deductible?
Riverdale Mental Health Association Inc is registered as a tax-exempt nonprofit (EIN: 131930700). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Riverdale Mental Health Association Inc's spending goes to programs?
Riverdale Mental Health Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Riverdale Mental Health Association Inc located?
Riverdale Mental Health Association Inc is headquartered in Bronx, New York and files with the IRS under EIN 131930700.
How many years of IRS 990 filings does Riverdale Mental Health Association Inc have?
Riverdale Mental Health Association Inc 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 $6.8M in total revenue.
Is Riverdale Mental Health Association Inc. a good charity?
Based on the provided data, the organization appears to be a good charity. It demonstrates financial stability with growing assets, consistent revenue, and a notable commitment to transparency by reporting 0% officer compensation across all filings. This suggests a strong focus on its mission rather than executive pay.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, particularly in recent years. Assets have significantly increased from $2,260,612 in 2020 to $5,814,661 in 2023. While there were periods of expenses exceeding revenue (e.g., 2018, 2020), the trend since 2021 shows positive net income, indicating stronger financial management.
What is the trend in the organization's assets?
The organization's assets have shown a strong upward trend in recent years, nearly tripling from $2,260,612 in 2020 to $5,814,661 in 2023, and reaching $9,056,725 in the latest reported period. This indicates healthy financial growth and accumulation of resources.
Does the organization pay its officers?
According to the provided IRS 990 filing history, the organization consistently reports 0% officer compensation across all periods from 2014 to 2023. This suggests that no compensation is paid to officers, directors, trustees, or key employees, or it is not reported in this summary data.
Filing History
IRS 990 filing history for Riverdale Mental Health Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riverdale Mental Health Association Inc's revenue has grown by 33%, moving from $4.5M to $5.9M. Total assets increased by 137% over the same period, from $2.5M to $5.8M. Total functional expenses rose by 5.3%, from $5.6M to $5.8M. In its most recent filing year (2023), Riverdale Mental Health Association Inc reported a surplus of $77K, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $5.8M in assets (debt-to-asset ratio: 59.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.9M | $5.8M | $5.8M | $3.5M | — | View 990 |
| 2022 | $8.4M | $6.1M | $4.0M | $1.9M | — | View 990 |
| 2021 | $6.1M | $6.0M | $3.1M | $2.8M | — | View 990 |
| 2020 | $6.0M | $6.6M | $2.3M | $2.1M | — | View 990 |
| 2019 | $6.4M | $6.4M | $2.1M | $1.4M | — | View 990 |
| 2018 | $6.1M | $6.4M | $1.9M | $1.5M | — | View 990 |
| 2017 | $6.2M | $6.6M | $2.0M | $1.4M | — | View 990 |
| 2016 | $6.3M | $6.2M | $2.2M | $1.1M | — | View 990 |
| 2015 | $6.8M | $6.4M | $2.3M | $1.3M | — | View 990 |
| 2014 | $6.6M | $6.8M | $2.8M | $2.2M | — | View 990 |
| 2013 | $5.7M | $5.5M | $2.6M | $1.8M | — | View 990 |
| 2012 | $4.8M | $5.2M | $2.3M | $1.7M | — | View 990 |
| 2011 | $4.5M | $5.6M | $2.5M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.9M, expenses of $5.8M, and assets of $5.8M (revenue -29.6% year-over-year).
- 2022: Revenue of $8.4M, expenses of $6.1M, and assets of $4.0M (revenue +38.0% year-over-year).
- 2021: Revenue of $6.1M, expenses of $6.0M, and assets of $3.1M (revenue +0.8% year-over-year).
- 2020: Revenue of $6.0M, expenses of $6.6M, and assets of $2.3M (revenue -5.6% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.4M, and assets of $2.1M (revenue +5.1% year-over-year).
- 2018: Revenue of $6.1M, expenses of $6.4M, and assets of $1.9M (revenue -1.6% year-over-year).
- 2017: Revenue of $6.2M, expenses of $6.6M, and assets of $2.0M (revenue -1.1% year-over-year).
- 2016: Revenue of $6.3M, expenses of $6.2M, and assets of $2.2M (revenue -7.4% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.4M, and assets of $2.3M (revenue +2.9% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.8M, and assets of $2.8M (revenue +14.6% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.5M, and assets of $2.6M (revenue +19.6% year-over-year).
- 2012: Revenue of $4.8M, expenses of $5.2M, and assets of $2.3M (revenue +7.6% year-over-year).
- 2011: Revenue of $4.5M, expenses of $5.6M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverdale Mental Health Association Inc:
Data Sources and Methodology
This transparency report for Riverdale Mental Health Association Inc 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.