Riverview Apartments Senior Housing
EIN: 273561771 · Saint Paul, MN · NTEE: L22
| Metric | Value |
|---|---|
| Total Revenue | $366K |
| Total Expenses | $662K |
| Net Assets | $3.9M |
Is Riverview Apartments Senior Housing Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Riverview Apartments Senior Housing
Riverview Apartments Senior Housing (EIN: 273561771) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code L22. The organization reported total revenue of $366K and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverview Apartments Senior Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverview Apartments Senior Housing is a small nonprofit that has been operating for 8 years, with 8 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $361K |
| Total Expenses | $662K |
| Surplus / Deficit | $-301,198 |
| Total Assets | $6.2M |
| Total Liabilities | $2.3M |
| Net Assets | $3.9M |
| Operating Margin | -83.5% |
| Debt-to-Asset Ratio | 37.2% |
| Months of Reserves | 112.1 months |
Financial Health Grade: B
In 2023, Riverview Apartments Senior Housing reported a deficit of $301K with expenses exceeding revenue, holds 112.1 months of operating reserves (strong position), has a debt-to-asset ratio of 37.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2013–2023), Riverview Apartments Senior Housing's revenue has declined at a compound annual growth rate (CAGR) of -12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | +4.9% | -3.8% |
| 2022 | +2.8% | +18.7% | -2.6% |
| 2021 | +2.7% | -5.4% | -2.6% |
| 2020 | +12.2% | +1.5% | -2.7% |
| 2019 | +6.0% | +0.2% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Riverview Apartments Senior Housing has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Riverview Apartments Senior Housing with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $301K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.2%.
Frequently Asked Questions about Riverview Apartments Senior Housing
Is Riverview Apartments Senior Housing a legitimate charity?
Riverview Apartments Senior Housing (EIN: 273561771) is a registered tax-exempt nonprofit based in Minnesota. It has 8 years of IRS 990 filings on record. Total revenue: $366K. No red flags identified. Financial health grade: B.
How does Riverview Apartments Senior Housing spend its money?
Riverview Apartments Senior Housing reported $366K in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Riverview Apartments Senior Housing tax-deductible?
Riverview Apartments Senior Housing is registered as a tax-exempt nonprofit (EIN: 273561771). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Riverview Apartments Senior Housing located?
Riverview Apartments Senior Housing is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 273561771. It is classified under NTEE code L22.
How many years of IRS 990 filings does Riverview Apartments Senior Housing have?
Riverview Apartments Senior Housing has 8 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 $366K in total revenue.
Filing History
IRS 990 filing history for Riverview Apartments Senior Housing showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2013–2023), Riverview Apartments Senior Housing's revenue has declined by 72.6%, moving from $1.3M to $361K. Total assets decreased by 25.4% over the same period, from $8.3M to $6.2M. Total functional expenses rose by 50.8%, from $439K to $662K. In its most recent filing year (2023), Riverview Apartments Senior Housing reported a deficit of $301K, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $6.2M in assets (debt-to-asset ratio: 37.2%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $361K | $662K | $6.2M | $2.3M | — | — |
| 2022 | $357K | $631K | $6.4M | $2.2M | — | — |
| 2021 | $348K | $532K | $6.6M | $2.1M | — | View 990 |
| 2020 | $339K | $562K | $6.8M | $2.1M | — | View 990 |
| 2019 | $302K | $554K | $7.0M | $2.1M | — | View 990 |
| 2018 | $285K | $553K | $7.2M | $2.1M | — | View 990 |
| 2017 | $289K | $525K | $7.4M | $2.0M | — | — |
| 2013 | $1.3M | $439K | $8.3M | $2.0M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $361K, expenses of $662K, and assets of $6.2M (revenue +1.0% year-over-year).
- 2022: Revenue of $357K, expenses of $631K, and assets of $6.4M (revenue +2.8% year-over-year).
- 2021: Revenue of $348K, expenses of $532K, and assets of $6.6M (revenue +2.7% year-over-year).
- 2020: Revenue of $339K, expenses of $562K, and assets of $6.8M (revenue +12.2% year-over-year).
- 2019: Revenue of $302K, expenses of $554K, and assets of $7.0M (revenue +6.0% year-over-year).
- 2018: Revenue of $285K, expenses of $553K, and assets of $7.2M (revenue -1.6% year-over-year).
- 2017: Revenue of $289K, expenses of $525K, and assets of $7.4M (revenue -78.1% year-over-year).
- 2013: Revenue of $1.3M, expenses of $439K, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverview Apartments Senior Housing:
Data Sources and Methodology
This transparency report for Riverview Apartments Senior Housing 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.