Is it real?
Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. IRS ruling in Mar 1974.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
77 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
11 people listed on the 990; $11K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Michael Moriarty | $10,556 | $10,556 | $10,759 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Riverside Development Corporation executive salaries →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
Promotes economic growth in Holyoke and surrounding areas.
Questions for Riverside Development Corporation
Your first name shows with your question. Riverside Development Corporation answers here, for everyone.
Administration and management of low-income housing projects in the city of holyoke, massachusetts.
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7320953) · Dispute this lineBy the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $159K | $57K |
| Land, buildings, equipmentLn 10c | $8K | $43K |
| Total assetsLn 16 | $374K | $510K |
| LiabilitiesLn 26 | $240K | $238K |
| Net assetsLn 32 | $134K | $272K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $11K | $11K | ||
| Pay of disqualified personsLn 6 | $410K | $410K | ||
| Pension plan contributionsLn 8 | $21K | $21K | ||
| Other employee benefitsLn 9 | $96K | $96K | ||
| Payroll taxesLn 10 | $35K | $34K | $879 | |
| Management feesLn 11a | $150K | $150K | ||
| Legal feesLn 11b | $450 | $450 | ||
| Accounting feesLn 11c | $14K | $14K | ||
| Other fees for servicesLn 11g | $224 | $224 | ||
| Office expensesLn 13 | $5K | $5K | ||
| TravelLn 17 | $6K | $6K | ||
| InterestLn 20 | $930 | $930 | ||
| Depreciation, depletion and amortizationLn 22 | $12K | $12K | ||
| InsuranceLn 23 | $21K | $18K | $3K | |
| Other expenses (24a–d)Ln 24 | $13K | $13K | ||
| Total functional expensesLn 25 | $796K | $613K | $184K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 LatestFiled with the IRS Oct 15, 2024 | $603K | $528K | $74K | $0 | 990 PDF |
| FY2021 ViewingFiled with the IRS Aug 15, 2022 | $934K | $796K | $138K | $272K | 990 PDF |
| FY2020Filed with the IRS Aug 16, 2021 | $712K | $629K | $82K | $134K | 990 PDF |
Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.
Schedules filed Part IV
See the full FY2021 990
Part I · Summary $934,368 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $934,368 across 5 lines filed
Part IX · Statement of functional expenses $796,406 across 15 lines filed
Part X · Balance sheet $510,036 assets, 13 lines filed
Part XI · Reconciliation of net assets $272,022 net assets at year end
Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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