Riverway Homes Ltd FY2023 filing

Tax-deductible

Rice Lake, WI501(c)(3)Since 1990EIN 39-1667738Revenue $189K in FY2023

On file with the IRS2961 Decker Dr, 54868-7522 · Rice Lake, WITax-exempt since Sep 1990Publicly supported charity — 170(b)(1)(A)(vi)

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Handicapped housing

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

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $32K a year · 18% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$16K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$189K
+19% vs prior year
Spent
$219K
To programs
78%
Net assets
$627K
By yearFY2020–FY2025
Revenue
$189K
FY2023▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2020$150K
FY2021$153K
FY2022$159K
FY2023$189K
FY2024$214K
FY2025$223K
Expenses
$219K
FY2023▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$171K
FY2021$200K
FY2022$209K
FY2023$219K
FY2024$216K
FY2025$267K
Net assets
$627K
FY2023▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$755K
FY2021$708K
FY2022$658K
FY2023$627K
FY2024$626K
FY2025$583K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1990.

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

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $171K Management & general 22% · $48K

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
President/CEO
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$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

Provides handicapped persons with specially designed housing facilities.

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Provided by the organization

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1 program · $171K · in their own filed words · FY2023
01

Provide handicapped persons with housing facilities specially designed to meet their needs by operating a 24-UNIT housing facility.

$171Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$189K
Ln 12
Fees for servicesLn 2g$188K
Investment incomeLn 3$1K
Money outPt IX
$219K
Ln 25
Programscol B$171K
Managementcol C$48K
Owns and owesPt X
$627K
net assets · Ln 32
Cash and savingsLn 1–2$582
Total assetsLn 16$643K
LiabilitiesLn 26$16K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$188K
Investment incomeLn 3$1K
Total revenueLn 12$189K
Assets in detailPt X, end of year
CashLn 1$582
Cash and savings togetherLn 1–2$582
Land, buildings, equipmentLn 10c$400K
Other assetsLn 15$238K
Total assetsLn 16$643K
LiabilitiesLn 26$16K
Net assetsLn 32$627K
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
LineStart FY23End FY23
Cash and savingsLn 1–2$978$582
Land, buildings, equipmentLn 10c$430K$400K
Total assetsLn 16$683K$643K
LiabilitiesLn 26$25K$16K
Net assetsLn 32$658K$627K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$34K$34K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$24K$24K
Legal feesLn 11b$15$15
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$432$432
Office expensesLn 13$2K$2K
Information technologyLn 14$3K$3K
OccupancyLn 16$38K$38K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$54K$49K$5K
Total functional expensesLn 25$219K$171K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $223K$267K−$43K$583K 990 PDF
FY2024 $214K$216K−$1K$626K 990 PDF
FY2023 Viewing $189K$219K−$30K$627K 990 PDF
FY2022 $159K$209K−$51K$658K 990 PDF
FY2021 $153K$200K−$47K$708K 990 PDF
FY2020 $150K$171K−$21K$755K 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 FY2023 990 (6 parts)
Part I · Summary $188,601 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $158,358$187,511
I-10 Investment incomePrior year $338$1,090
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $158,696$188,601
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 $30,474$43,236
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $178,796$175,639
I-18 Total expensesPrior year $209,270$218,875
I-19 Revenue less expensesPrior year −$50,574−$30,274
Part VI · Governance 1 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
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 $188,601 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,511$187,511
VIII-3 Investment incomeExcluded from tax $1,090$1,090
VIII-12 Total revenueRelated to mission $187,511 · Unrelated business $0 · Excluded from tax $1,090$188,601
Part IX · Statement of functional expenses $218,875 across 14 lines filed
IX-7 Other salaries and wagesPrograms $33,871$33,871
IX-9 Other employee benefitsPrograms $6,841$6,841
IX-10 Payroll taxesPrograms $2,524$2,524
IX-11a Management feesManagement $24,300$24,300
IX-11b Legal feesPrograms $15$15
IX-11c Accounting feesManagement $12,488$12,488
IX-12 Advertising and promotionPrograms $432$432
IX-13 Office expensesPrograms $2,473$2,473
IX-14 Information technologyManagement $3,293$3,293
IX-16 OccupancyPrograms $37,886$37,886
IX-17 TravelManagement $2,995$2,995
IX-22 Depreciation, depletion and amortizationPrograms $30,082$30,082
IX-23 InsurancePrograms $8,027$8,027
IX-24 Other expenses (24a–d)Programs $48,858 · Management $4,790$53,648
IX-25 Total functional expensesPrograms $171,009 · Management $47,866 · Fundraising $0$218,875
Part X · Balance sheet $642,871 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $978$582
X-4 Accounts receivableStart of year $186$275
X-9 Prepaid expenses and deferred chargesStart of year $3,896$4,245
X-10c Land, buildings and equipment, netStart of year $429,790$399,708
X-15 Other assetsStart of year $247,859$238,061
X-16 Total assetsStart of year $682,709$642,871
X-17 Accounts payable and accrued expensesStart of year $18,256$8,548
X-19 Deferred revenueStart of year $77$34
X-25 Other liabilitiesStart of year $6,872$7,059
X-26 Total liabilitiesStart of year $25,205$15,641
X-27 Net assets without donor restrictionsStart of year −$304,996−$335,270
X-28 Net assets with donor restrictionsStart of year $962,500$962,500
X-32 Total net assets or fund balancesStart of year $657,504$627,230
X-33 Total liabilities and net assetsStart of year $682,709$642,871
Part XI · Reconciliation of net assets $627,230 net assets at year end
XI-1 Total revenue$188,601
XI-2 Total expenses$218,875
XI-3 Revenue less expenses−$30,274
XI-4 Net assets at start of year$657,504
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$627,230

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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