Riverview Apartments INC: Nonprofit Profile, Financials & Form 990 (EIN 39-1204471)

Revenue by fiscal year
FY2020	$137K
FY2021	$161K
FY2022	$164K
FY2023	$176K
FY2024	$210K
FY2025	$228K

Expenses by fiscal year
FY2020	$190K
FY2021	$171K
FY2022	$180K
FY2023	$201K
FY2024	$197K
FY2025	$237K

Net assets by fiscal year
FY2020	−$29K
FY2021	−$39K
FY2022	−$55K
FY2023	−$80K
FY2024	−$67K
FY2025	−$76K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1983.

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

Where the money goes

87 cents of each dollar spent went to programs.

87%

13%

Program services 87% · $207K Management & general 13% · $30K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation

Marilyn Leavitt

President

$0Pt VII · Sec A

Rose Yanachek

Vice President

$0Pt VII · Sec A

Lorene Harris

Secretary/Treasurer

$0Pt VII · Sec A

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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

Riverview Apartments INC is a membership association based in La Crescent, MN, formed in 1971.

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Provided by the organization

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1 program · $207K · in their own filed words · FY2025

01

To provide low income housing.

$207Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$228K

Ln 12

Fees for servicesLn 2g$226K

Investment incomeLn 3$1K

Money outPt IX

$237K

Ln 25

Programscol B$207K

Managementcol C$30K

Owns and owesPt X

−$76K

net assets · Ln 32

Cash and savingsLn 1–2$170K

Total assetsLn 16$595K

LiabilitiesLn 26$671K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$226K

Investment incomeLn 3$1K

Total revenueLn 12$228K

Assets in detailPt X, end of year

CashLn 1$25K

SavingsLn 2$145K

Cash and savings togetherLn 1–2$170K

Land, buildings, equipmentLn 10c$415K

Total assetsLn 16$595K

LiabilitiesLn 26$671K

Net assetsLn 32−$76K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$150K	$170K
Land, buildings, equipmentLn 10c	$457K	$415K
Total assetsLn 16	$613K	$595K
LiabilitiesLn 26	$679K	$671K
Net assetsLn 32	−$67K	−$76K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$13K	$13K
Management feesLn 11a	$29K		$29K
Accounting feesLn 11c	$675		$675
Other fees for servicesLn 11g	$24K	$24K
Advertising and promotionLn 12	$780	$780
Office expensesLn 13	$457		$457
OccupancyLn 16	$48K	$48K
InterestLn 20	$9K	$9K
Depreciation, depletion and amortizationLn 22	$42K	$42K
InsuranceLn 23	$27K	$27K
Other expenses (24a–d)Ln 24	$42K	$42K
All other expensesLn 24e	$25	$25
Total functional expensesLn 25	$237K	$207K	$30K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$228K	$237K	−$9K	−$76K	990 PDF
FY2024	$210K	$197K	$13K	−$67K	990 PDF
FY2023	$176K	$201K	−$25K	−$80K	990 PDF
FY2022	$164K	$180K	−$16K	−$55K	990 PDF
FY2021	$161K	$171K	−$10K	−$39K	990 PDF
FY2020	$137K	$190K	−$52K	−$29K	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 FY2025 990 (6 parts)

Part I · Summary $227,815 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $208,306$226,338

I-10 Investment incomePrior year $1,340$1,477

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $209,646$227,815

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 $11,856$13,138

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $185,025$223,709

I-18 Total expensesPrior year $196,881$236,847

I-19 Revenue less expensesPrior year $12,765−$9,032

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

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-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $227,815 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $226,338$226,338

VIII-3 Investment incomeRelated to mission $1,477$1,477

VIII-12 Total revenueRelated to mission $227,815 · Unrelated business $0 · Excluded from tax $0$227,815

Part IX · Statement of functional expenses $236,847 across 12 lines filed

IX-7 Other salaries and wagesPrograms $13,138$13,138

IX-11a Management feesManagement $29,004$29,004

IX-11c Accounting feesManagement $675$675

IX-11g Other fees for servicesPrograms $24,190$24,190

IX-12 Advertising and promotionPrograms $780$780

IX-13 Office expensesManagement $457$457

IX-16 OccupancyPrograms $47,940$47,940

IX-20 InterestPrograms $9,256$9,256

IX-22 Depreciation, depletion and amortizationPrograms $41,965$41,965

IX-23 InsurancePrograms $27,131$27,131

IX-24 Other expenses (24a–d)Programs $42,286$42,286

IX-24e All other expensesPrograms $25$25

IX-25 Total functional expensesPrograms $206,711 · Management $30,136 · Fundraising $0$236,847

Part X · Balance sheet $594,823 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $23,349$24,881

X-2 Savings and temporary cash investmentsStart of year $126,602$145,402

X-4 Accounts receivableStart of year $1,195$936

X-9 Prepaid expenses and deferred chargesStart of year $4,915$8,972

X-10c Land, buildings and equipment, netStart of year $456,597$414,632

X-16 Total assetsStart of year $612,658$594,823

X-17 Accounts payable and accrued expensesStart of year $13,662$15,807

X-19 Deferred revenueStart of year $798$1,191

X-26 Total liabilitiesStart of year $679,407$670,604

X-27 Net assets without donor restrictionsStart of year −$66,749−$75,781

X-32 Total net assets or fund balancesStart of year −$66,749−$75,781

X-33 Total liabilities and net assetsStart of year $612,658$594,823

Part XI · Reconciliation of net assets −$75,781 net assets at year end

XI-1 Total revenue$227,815

XI-2 Total expenses$236,847

XI-3 Revenue less expenses−$9,032

XI-4 Net assets at start of year−$66,749

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$75,781

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Riverview Apartments INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Riverview Apartments INC

By the numbers

Filing history

Schedules filed Part IV