Riverstone Senior Life Services Inc
Riverstone Senior Life Services consistently directs over 70% of expenses to programs with no reported officer compensation.
EIN: 133355074 · New York, NY · NTEE: P81Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $946K |
| Transparency Score | 85/100 |
Is Riverstone Senior Life Services Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverstone Senior Life Services Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverstone Senior Life Services Inc
Riverstone Senior Life Services Inc (EIN: 133355074) is a nonprofit organization based in New York, NY, classified under NTEE code P81Z. The organization reported total revenue of $1.7M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverstone Senior Life Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverstone Senior Life Services Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$106K |
| Total Assets | $1.2M |
| Total Liabilities | $254K |
| Net Assets | $946K |
| Operating Margin | 6.2% |
| Debt-to-Asset Ratio | 21.2% |
| Months of Reserves | 8.9 months |
Financial Health Grade: A
In 2023, Riverstone Senior Life Services Inc reported a surplus of $106K with revenue exceeding expenses, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 21.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riverstone Senior Life Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +9.6% | +18.8% |
| 2022 | +18.9% | +28.7% | +9.8% |
| 2021 | -22.8% | -32.3% | +20.8% |
| 2020 | -3.6% | -7.1% | +65.5% |
| 2019 | +2.2% | -2.5% | -8.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Riverstone Senior Life Services 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Riverstone Senior Life Services Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 21.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of this size with annual revenues exceeding $1.6 million, suggesting either a fully volunteer leadership or compensation is covered by another entity, which warrants further investigation for complete transparency.
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 Riverstone Senior Life Services Inc's IRS 990 filings:
- Reported 0% officer compensation for an organization of this size is unusual and may indicate compensation is paid by a related entity or through other means not disclosed on the 990, which could obscure a full picture of leadership costs.
Strengths
The following positive indicators were identified for Riverstone Senior Life Services Inc:
- Strong program spending ratio, consistently directing approximately 75% of expenses to program services.
- Consistent growth in net assets, from $460,026 in 2019 to $1,200,241 in 2023, indicating financial stability.
- No reported officer compensation, suggesting resources are fully directed to the mission.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Frequently Asked Questions about Riverstone Senior Life Services Inc
Is Riverstone Senior Life Services Inc a legitimate charity?
Riverstone Senior Life Services Inc (EIN: 133355074) 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: $1.7M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Riverstone Senior Life Services Inc spend its money?
Riverstone Senior Life Services Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Riverstone Senior Life Services Inc tax-deductible?
Riverstone Senior Life Services Inc is registered as a tax-exempt nonprofit (EIN: 133355074). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Riverstone Senior Life Services Inc CEO make?
Riverstone Senior Life Services Inc's highest-compensated officer earns $1.6 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Riverstone Senior Life Services Inc's spending goes to programs?
Riverstone Senior Life Services Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverstone Senior Life Services Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Riverstone Senior Life Services Inc is above average for NTEE category P81Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Riverstone Senior Life Services Inc located?
Riverstone Senior Life Services Inc is headquartered in New York, New York and files with the IRS under EIN 133355074. It is classified under NTEE code P81Z.
How many years of IRS 990 filings does Riverstone Senior Life Services Inc have?
Riverstone Senior Life Services 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 $1.7M in total revenue.
Is Riverstone Senior Life Services Inc a good charity?
Based on the available IRS 990 data, Riverstone Senior Life Services Inc appears to be a good charity, demonstrating strong program spending (around 75% of expenses) and a healthy financial position with growing assets. The reported 0% officer compensation is a notable positive, though it warrants further inquiry for full understanding.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly, with assets growing from $460,026 in 2019 to $1,200,241 in 2023, indicating strong financial management and accumulation of resources.
What is the trend in revenue and expenses?
Revenue and expenses have generally remained stable, fluctuating around $1.6 million to $1.8 million annually. In 2023, revenue was $1,719,228 against expenses of $1,612,789, showing a positive operating margin.
Filing History
IRS 990 filing history for Riverstone Senior Life Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riverstone Senior Life Services Inc's revenue has grown by 54.9%, moving from $1.1M to $1.7M. Total assets decreased by 62.4% over the same period, from $3.2M to $1.2M. Total functional expenses rose by 45.2%, from $1.1M to $1.6M. In its most recent filing year (2023), Riverstone Senior Life Services Inc reported a surplus of $106K, with revenue exceeding expenses. The organization holds $254K in liabilities against $1.2M in assets (debt-to-asset ratio: 21.2%), resulting in net assets of $946K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.6M | $1.2M | $254K | — | View 990 |
| 2022 | $1.6M | $1.5M | $1.0M | $170K | — | View 990 |
| 2021 | $1.4M | $1.1M | $920K | $235K | — | View 990 |
| 2020 | $1.8M | $1.7M | $762K | $302K | — | — |
| 2019 | $1.8M | $1.8M | $460K | $102K | — | View 990 |
| 2018 | $1.8M | $1.9M | $503K | $166K | — | View 990 |
| 2017 | $1.9M | $1.9M | $530K | $122K | — | View 990 |
| 2016 | $1.6M | $1.7M | $458K | $127K | — | View 990 |
| 2015 | $1.6M | $1.5M | $512K | $67K | — | View 990 |
| 2014 | $1.5M | $1.5M | $433K | $57K | — | View 990 |
| 2013 | $1.3M | $1.4M | $3.1M | $64K | — | View 990 |
| 2012 | $1.3M | $1.2M | $3.2M | $61K | — | View 990 |
| 2011 | $1.1M | $1.1M | $3.2M | $97K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.6M, and assets of $1.2M (revenue +5.7% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $1.0M (revenue +18.9% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.1M, and assets of $920K (revenue -22.8% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.7M, and assets of $762K (revenue -3.6% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $460K (revenue +2.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.9M, and assets of $503K (revenue -6.7% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $530K (revenue +19.7% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $458K (revenue +1.8% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $512K (revenue +3.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $433K (revenue +15.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $3.1M (revenue +3.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $3.2M (revenue +15.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverstone Senior Life Services Inc:
Data Sources and Methodology
This transparency report for Riverstone Senior Life Services 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.