Riverspring Licensed Home Care Services Agency Inc
Riverspring Licensed Home Care Services Agency Inc. operates with tight margins and no direct officer compensation, consistently reporting liabilities exceeding assets.
EIN: 133900644 · Bronx, NY · NTEE: E92Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.4M |
| Total Expenses | $14.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $15 |
| Net Assets | $-1,340,598 |
| Transparency Score | 85/100 |
Is Riverspring Licensed Home Care Services Agency Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverspring Licensed Home Care Services Agency Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverspring Licensed Home Care Services Agency Inc
Riverspring Licensed Home Care Services Agency Inc (EIN: 133900644) is a nonprofit organization based in Bronx, NY, classified under NTEE code E92Z. The organization reported total revenue of $17.4M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverspring Licensed Home Care Services Agency Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverspring Licensed Home Care Services Agency Inc is a large nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.0M |
| Total Expenses | $14.9M |
| Surplus / Deficit | +$56K |
| Total Assets | $1.9M |
| Total Liabilities | $3.3M |
| Net Assets | $-1,340,598 |
| Operating Margin | 0.4% |
| Debt-to-Asset Ratio | 170.1% |
| Months of Reserves | 1.5 months |
Financial Health Grade: B
In 2023, Riverspring Licensed Home Care Services Agency Inc reported a surplus of $56K with revenue exceeding expenses, holds 1.5 months of operating reserves (limited), has a debt-to-asset ratio of 170.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riverspring Licensed Home Care Services Agency Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.3% | +0.4% | +14.7% |
| 2022 | -9.0% | -8.0% | -0.8% |
| 2021 | -7.1% | -7.5% | +12.5% |
| 2020 | -1.3% | -2.3% | -37.5% |
| 2019 | +4.3% | +5.0% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1997 |
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 Riverspring Licensed Home Care Services Agency Inc with a Mission Score of 85 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Riverspring Licensed Home Care Services Agency Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 $56K, with revenue exceeding expenses.
- Debt-to-asset ratio: 170.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no direct compensation is paid to its executives from this specific entity. This suggests either volunteer leadership or compensation handled by a parent organization, which is a significant factor for an entity with annual revenues in the $15-19 million range.
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 Riverspring Licensed Home Care Services Agency Inc's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential reliance on external support or intercompany financing.
- Zero officer compensation reported, which, while transparent, could obscure the true cost of executive leadership if compensated by a related entity.
Strengths
The following positive indicators were identified for Riverspring Licensed Home Care Services Agency Inc:
- High spending efficiency with expenses closely tracking revenues, indicating funds are directly applied to operations.
- Consistent reporting of zero officer compensation, enhancing transparency regarding direct executive pay from this entity.
- Stable revenue base over the past decade, demonstrating consistent demand for its services.
Frequently Asked Questions about Riverspring Licensed Home Care Services Agency Inc
Is Riverspring Licensed Home Care Services Agency Inc a legitimate charity?
Riverspring Licensed Home Care Services Agency Inc (EIN: 133900644) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Riverspring Licensed Home Care Services Agency Inc spend its money?
Riverspring Licensed Home Care Services Agency Inc directs 90% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Riverspring Licensed Home Care Services Agency Inc tax-deductible?
Riverspring Licensed Home Care Services Agency Inc is registered as a tax-exempt nonprofit (EIN: 133900644). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Riverspring Licensed Home Care Services Agency Inc CEO make?
Riverspring Licensed Home Care Services Agency Inc's highest-compensated officer earns $15 annually. The organization reported $17.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Riverspring Licensed Home Care Services Agency Inc's spending goes to programs?
Riverspring Licensed Home Care Services Agency Inc directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverspring Licensed Home Care Services Agency Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Riverspring Licensed Home Care Services Agency Inc is above average for NTEE category E92Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverspring Licensed Home Care Services Agency Inc located?
Riverspring Licensed Home Care Services Agency Inc is headquartered in Bronx, New York and files with the IRS under EIN 133900644. It is classified under NTEE code E92Z.
How many years of IRS 990 filings does Riverspring Licensed Home Care Services Agency Inc have?
Riverspring Licensed Home Care Services Agency 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 $17.4M in total revenue.
How does Riverspring Licensed Home Care Services Agency Inc. manage its consistent asset-liability imbalance?
The organization consistently reports liabilities exceeding assets (e.g., 2023 assets $1,911,262 vs. liabilities $3,251,860). This could be managed through intercompany loans or guarantees from its parent organization, Riverspring Health, given its subsidiary nature.
Who provides executive leadership for the organization if officer compensation is consistently zero?
The consistent reporting of 0% officer compensation suggests that executive leadership may be provided on a volunteer basis or compensated through a related entity within the Riverspring Health system, rather than directly by this specific agency.
What is the typical program spending ratio for this organization?
Given the tight margins (e.g., 2023 revenue $14,977,703 vs. expenses $14,921,338) and the nature of home care services, a very high percentage of expenses are likely dedicated to program services, estimated around 90%.
Filing History
IRS 990 filing history for Riverspring Licensed Home Care Services Agency Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riverspring Licensed Home Care Services Agency Inc's revenue has grown by 31.7%, moving from $11.4M to $15.0M. Total assets decreased by 26.7% over the same period, from $2.6M to $1.9M. Total functional expenses rose by 35.4%, from $11.0M to $14.9M. In its most recent filing year (2023), Riverspring Licensed Home Care Services Agency Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $1.9M in assets (debt-to-asset ratio: 170.1%), resulting in net assets of $-1,340,598.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.0M | $14.9M | $1.9M | $3.3M | — | — |
| 2022 | $14.9M | $14.9M | $1.7M | $3.1M | — | View 990 |
| 2021 | $16.4M | $16.1M | $1.7M | $3.3M | — | View 990 |
| 2020 | $17.7M | $17.5M | $1.5M | $3.9M | — | — |
| 2019 | $17.9M | $17.9M | $2.4M | $4.5M | — | View 990 |
| 2018 | $17.1M | $17.0M | $2.0M | $4.0M | — | View 990 |
| 2017 | $15.4M | $15.4M | $2.6M | $4.3M | — | View 990 |
| 2016 | $15.9M | $16.1M | $3.2M | $4.9M | — | View 990 |
| 2015 | $17.3M | $18.4M | $3.1M | $4.9M | — | View 990 |
| 2014 | $19.0M | $19.2M | $3.6M | $4.6M | — | View 990 |
| 2013 | $18.1M | $16.9M | $3.0M | $2.4M | — | View 990 |
| 2012 | $15.1M | $14.1M | $3.0M | $4.4M | — | View 990 |
| 2011 | $11.4M | $11.0M | $2.6M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.0M, expenses of $14.9M, and assets of $1.9M (revenue +0.3% year-over-year).
- 2022: Revenue of $14.9M, expenses of $14.9M, and assets of $1.7M (revenue -9.0% year-over-year).
- 2021: Revenue of $16.4M, expenses of $16.1M, and assets of $1.7M (revenue -7.1% year-over-year).
- 2020: Revenue of $17.7M, expenses of $17.5M, and assets of $1.5M (revenue -1.3% year-over-year).
- 2019: Revenue of $17.9M, expenses of $17.9M, and assets of $2.4M (revenue +4.3% year-over-year).
- 2018: Revenue of $17.1M, expenses of $17.0M, and assets of $2.0M (revenue +11.5% year-over-year).
- 2017: Revenue of $15.4M, expenses of $15.4M, and assets of $2.6M (revenue -3.1% year-over-year).
- 2016: Revenue of $15.9M, expenses of $16.1M, and assets of $3.2M (revenue -8.1% year-over-year).
- 2015: Revenue of $17.3M, expenses of $18.4M, and assets of $3.1M (revenue -8.9% year-over-year).
- 2014: Revenue of $19.0M, expenses of $19.2M, and assets of $3.6M (revenue +4.7% year-over-year).
- 2013: Revenue of $18.1M, expenses of $16.9M, and assets of $3.0M (revenue +19.6% year-over-year).
- 2012: Revenue of $15.1M, expenses of $14.1M, and assets of $3.0M (revenue +33.2% year-over-year).
- 2011: Revenue of $11.4M, expenses of $11.0M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverspring Licensed Home Care Services Agency Inc:
Data Sources and Methodology
This transparency report for Riverspring Licensed Home Care Services Agency 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.