Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
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
4 people listed on the 990.
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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 low and moderate-income individuals and families.
Questions for Hadc Ridgeway
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HADC Ridgeway owns two assisted living facilities for elderly in New Ulm, Minnesota. The Ridgeway on 23rd facility consists of 48 assisted living units and 13 memory care assisted living units. The Ridgeway on German facility consists of 44 assisted living units and 11 memory care assisted living units.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $190K | $266K |
| InvestmentsLn 11–13 | $686K | $720K |
| Land, buildings, equipmentLn 10c | $6.2M | $5.9M |
| Total assetsLn 16 | $7.2M | $7.1M |
| LiabilitiesLn 26 | $9.5M | $9.3M |
| Net assetsLn 32 | −$2.3M | −$2.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $2.3M | $2.3M | ||
| Pension plan contributionsLn 8 | $26K | $26K | ||
| Other employee benefitsLn 9 | $263K | $263K | ||
| Payroll taxesLn 10 | $134K | $134K | ||
| Management feesLn 11a | $66K | $66K | ||
| Legal feesLn 11b | $12K | $12K | ||
| Accounting feesLn 11c | $41K | $41K | ||
| Investment management feesLn 11f | $83K | $83K | ||
| Other fees for servicesLn 11g | $59K | $35K | $24K | |
| Advertising and promotionLn 12 | $20K | $20K | ||
| Office expensesLn 13 | $244K | $244K | ||
| OccupancyLn 16 | $305K | $305K | ||
| TravelLn 17 | $3K | $3K | ||
| Conferences, conventions and meetingsLn 19 | $26K | $26K | ||
| InterestLn 20 | $454K | $454K | ||
| Depreciation, depletion and amortizationLn 22 | $315K | $315K | ||
| InsuranceLn 23 | $47K | $47K | ||
| Other expenses (24a–d)Ln 24 | $389K | $389K | ||
| All other expensesLn 24e | $36K | $23K | $14K | |
| Total functional expensesLn 25 | $4.8M | $4.5M | $241K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $26K | $32K | −$5K | $776K | 990 PDF |
| FY2024 | $5.6M | $3.0M | $2.6M | $771K | 990 PDF |
| FY2023 | $4.7M | $5.1M | −$487K | −$1.9M | 990 PDF |
| FY2022 | $4.2M | $4.8M | −$624K | −$2.1M | 990 PDF |
| FY2021 Viewing | $4.3M | $4.8M | −$495K | −$2.2M | 990 PDF |
| FY2020 | $4.4M | $4.4M | −$20K | −$2.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $4,289,296 revenue, 12 lines filed
Part VI · Governance 3 of 3 board members independent, 1 to look at
Part VIII · Statement of revenue $4,289,296 across 7 lines filed
Part IX · Statement of functional expenses $4,784,524 across 19 lines filed
Part X · Balance sheet $7,076,297 assets, 15 lines filed
Part XI · Reconciliation of net assets −$2,240,922 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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