Riverton Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)Since 2006EducationEIN 20-4420692Revenue $74K in FY2026

On file with the IRSPo Box 1218, 37816-1218 · Morristown, TNTax-exempt since Mar 2007Publicly supported — 509(a)(2)

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To provide housing for low-income Elderly or handicapped tenants under section 202 of the national housing act.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2026 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $22K a year · 33% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$986K
159% of total assets
Concern: liabilities are 159% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$74K
+8% vs prior year
Spent
$101K
To programs
100%
Net assets
−$367K
By yearFY2021–FY2026
Revenue
$74K
FY2026▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$64K
FY2022$67K
FY2023$63K
FY2024$70K
FY2025$68K
FY2026$74K
Expenses
$101K
FY2026▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2021$80K
FY2022$87K
FY2023$95K
FY2024$86K
FY2025$90K
FY2026$101K
Net assets
−$367K
FY2026▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2021−$251K
FY2022−$271K
FY2023−$302K
FY2024−$318K
FY2025−$340K
FY2026−$367K

From the FY2026 Form 990 (year ending March 2026) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Mar 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $101K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2025); the FY2026 filing did not itemize Part VII
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Riverton Homes for Elderly INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for seniors and people with disabilities.

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Provided by the organization

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1 program · $101K · in their own filed words · FY2025
01

Provided housing for low-income elderly or handicapped tenants under section 202 of the national housing act; regulated by hud as to rent charges and operating methods. 15 rental units in complex.

$101Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2026 990, line by line.

1The main four
Money inPt VIII
$74K
Ln 12
Fees for servicesLn 2g$45K
Gifts and grantsLn 1h$29K
Investment incomeLn 3$623
Money outPt IX
$101K
Ln 25
Programscol B$101K
Owns and owesPt X
−$367K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$620K
LiabilitiesLn 26$986K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Government grantsLn 1e$29K
Fees for servicesLn 2g$45K
Investment incomeLn 3$623
Total revenueLn 12$74K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$572K
Other assetsLn 15$41K
Total assetsLn 16$620K
LiabilitiesLn 26$986K
Net assetsLn 32−$367K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY26End FY26
Cash and savingsLn 1–2$2K$4K
Land, buildings, equipmentLn 10c$554K$572K
Total assetsLn 16$642K$620K
LiabilitiesLn 26$982K$986K
Net assetsLn 32−$340K−$367K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$17K$17K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$4K$4K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$44K$44K
Total functional expensesLn 25$101K$101K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest Viewing $74K$101K−$27K−$367K 990 PDF
FY2025 $68K$90K−$21K−$340K 990 PDF
FY2024 $70K$86K−$16K−$318K 990 PDF
FY2023 $63K$95K−$32K−$302K 990 PDF
FY2022 $67K$87K−$20K−$271K 990 PDF
FY2021 $64K$80K−$16K−$251K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2026 990 (6 parts)
Part I · Summary $74,128 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $24,693$28,742
I-9 Program service revenuePrior year $43,481$44,763
I-10 Investment incomePrior year $300$623
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $68,474$74,128
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $89,699$101,060
I-18 Total expensesPrior year $89,699$101,060
I-19 Revenue less expensesPrior year −$21,225−$26,932
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $74,128 across 5 lines filed
VIII-1e Government grants$28,742
VIII-1h Total contributions, gifts and grants$28,742
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $44,763$44,763
VIII-3 Investment incomeExcluded from tax $623$623
VIII-12 Total revenueRelated to mission $44,763 · Unrelated business $0 · Excluded from tax $623$74,128
Part IX · Statement of functional expenses $101,060 across 7 lines filed
IX-11a Management feesPrograms $16,584$16,584
IX-11c Accounting feesPrograms $3,281$3,281
IX-11g Other fees for servicesPrograms $1,471$1,471
IX-13 Office expensesPrograms $4,341$4,341
IX-22 Depreciation, depletion and amortizationPrograms $26,812$26,812
IX-23 InsurancePrograms $4,191$4,191
IX-24 Other expenses (24a–d)Programs $44,380$44,380
IX-25 Total functional expensesPrograms $101,060 · Management $0 · Fundraising $0$101,060
Part X · Balance sheet $619,591 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $2,144$3,652
X-9 Prepaid expenses and deferred chargesStart of year $2,960$2,960
X-10c Land, buildings and equipment, netStart of year $554,271$571,740
X-15 Other assetsStart of year $82,694$41,239
X-16 Total assetsStart of year $642,069$619,591
X-17 Accounts payable and accrued expensesStart of year $6,912$8,819
X-25 Other liabilitiesStart of year $2,581$3,450
X-26 Total liabilitiesStart of year $981,693$986,147
X-27 Net assets without donor restrictionsStart of year −$339,624−$366,556
X-32 Total net assets or fund balancesStart of year −$339,624−$366,556
X-33 Total liabilities and net assetsStart of year $642,069$619,591
Part XI · Reconciliation of net assets −$366,556 net assets at year end
XI-1 Total revenue$74,128
XI-2 Total expenses$101,060
XI-3 Revenue less expenses−$26,932
XI-4 Net assets at start of year−$339,624
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$366,556

Form 990 e-file (XML) FY2026 from the IRS · Classification, formation year and address from the IRS Business Master File

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