Riverspring Services Corp FY2021 filing

Tax-deductible

Bronx, NY501(c)(3)Since 2013Health CareEIN 46-1763915Revenue $22.0M in FY2021

On file with the IRSriverspringliving.org5901 Palisade Ave, 10471-1205 · Bronx, NYTax-exempt since Jun 2015Supporting org, Type I — 509(a)(3)

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To provide management services to the organizations comprising the riverspring living family.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$3.8M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.8M
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
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
$5.7M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$22.0M
+9% vs prior year
Spent
$22.0M
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$22.0M
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$20.2M
FY2021$22.0M
FY2022$24.3M
FY2023$25.8M
FY2024$25.6M
Expenses
$22.0M
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$20.2M
FY2021$22.0M
FY2022$24.3M
FY2023$25.8M
FY2024$25.6M
Net assets
$0
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2015.

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% · $22.0M

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; $3.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$967,752Pt VII · Sec A
Chief Operating Officer
$801,382Pt VII · Sec A
CFO/Asst. Secretary/Treasurer
$657,788Pt VII · Sec A
Director of Real Estate
$306,036Pt VII · Sec A
Senior VP - Operations
$280,560Pt VII · Sec A
Senior VP - Finance
$276,515Pt VII · Sec A
Director of Patient Services
$271,659Pt VII · Sec A
Chief Information Officer
$268,980Pt VII · Sec A

Daniel Reingold’s $1.8M as President & CEO is at the 98th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daniel Reingold$1,759,233$1,999,772$1,404,604$967,752$861,652
David Pomeranz$898,166$911,618$948,837$801,382$719,353
Luz Liebeskind——$770,664$657,788$617,085
Carl Willner$419,816$319,229$284,654$276,515$253,977
Deborah M Messina$354,045$305,172$295,620$280,560—
Damon Ramaglia JR$331,878$297,436$289,577—$263,622
David Finkelstein$318,587$313,404$303,455$268,980$262,752
Michael Bialek———$306,036$296,595

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.

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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 15aYes

Programs and updates

Manages services for the RiverSpring Living family of organizations.

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Provided by the organization

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1 program · $22.0M · in their own filed words · FY2021
01

provides management services to the organization's various affiliates whose missions are to support and provide housing, home care, managed care, and nursing home care to older adults.

$22.0Mprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$22.0M
Ln 12
Fees for servicesLn 2g$22.0M
Money outPt IX
$22.0M
Ln 25
Programscol B$22.0M
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$5.7M
LiabilitiesLn 26$5.7M
PeoplePt VI, VII
11
listed · VII A
PaidVII A8
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$22.0M
Gains on assetsLn 7$0
Total revenueLn 12$22.0M
Assets in detailPt X, end of year
CashLn 1$13K
SavingsLn 2$0
Cash and savings togetherLn 1–2$13K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$155K
Other assetsLn 15$0
Total assetsLn 16$5.7M
LiabilitiesLn 26$5.7M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 5113
VolunteersI 63
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 FY21End FY21
Cash and savingsLn 1–2$510K$13K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$155K
Total assetsLn 16$4.9M$5.7M
LiabilitiesLn 26$4.9M$5.7M
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$2.5M$2.5M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$9.2M$9.2M
Pension plan contributionsLn 8$347K$347K
Other employee benefitsLn 9$1.5M$1.5M
Payroll taxesLn 10$678K$678K
Management feesLn 11a$0
Legal feesLn 11b$147K$147K
Accounting feesLn 11c$352K$352K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2.2M$2.2M
Advertising and promotionLn 12$2.1M$2.1M
Office expensesLn 13$917K$917K
Information technologyLn 14$1.4M$1.4M
RoyaltiesLn 15$0
OccupancyLn 16$442K$442K
TravelLn 17$77K$77K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$11K$11K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$77K$77K
InsuranceLn 23$0
Total functional expensesLn 25$22.0M$22.0M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $25.6M$25.6M$0$0 990 PDF
FY2023 $25.8M$25.8M$0$0 990 PDF
FY2022 $24.3M$24.3M$0$0 990 PDF
FY2021 Viewing $22.0M$22.0M$0$0 990 PDF
FY2020 $20.2M$20.2M$0$0 990 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 FY2021 990 (6 parts)
Part I · Summary $21,974,474 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $20,242,430$21,974,474
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $20,242,430$21,974,474
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 $13,551,077$14,283,990
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,691,353$7,690,484
I-18 Total expensesPrior year $20,242,430$21,974,474
I-19 Revenue less expenses$0
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $21,974,474 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,974,474$21,974,474
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $21,974,474$21,974,474
Part IX · Statement of functional expenses $21,974,474 across 29 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $2,541,993$2,541,993
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $9,235,563$9,235,563
IX-8 Pension plan contributionsPrograms $347,206$347,206
IX-9 Other employee benefitsPrograms $1,480,905$1,480,905
IX-10 Payroll taxesPrograms $678,323$678,323
IX-11a Management fees$0
IX-11b Legal feesPrograms $146,574$146,574
IX-11c Accounting feesPrograms $352,477$352,477
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,193,470$2,193,470
IX-12 Advertising and promotionPrograms $2,113,795$2,113,795
IX-13 Office expensesPrograms $917,492$917,492
IX-14 Information technologyPrograms $1,359,416$1,359,416
IX-15 Royalties$0
IX-16 OccupancyPrograms $441,983$441,983
IX-17 TravelPrograms $76,935$76,935
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $10,969$10,969
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $77,373$77,373
IX-23 Insurance$0
IX-25 Total functional expensesPrograms $21,974,474 · Management $0 · Fundraising $0$21,974,474
Part X · Balance sheet $5,653,690 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $509,907$13,423
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $4,215,088$4,917,009
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $203,358$568,511
X-10c Land, buildings and equipment, netStart of year $0$154,747
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $4,928,353$5,653,690
X-17 Accounts payable and accrued expensesStart of year $3,917,453$4,732,363
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $1,010,900$921,327
X-26 Total liabilitiesStart of year $4,928,353$5,653,690
X-27 Net assets without donor restrictionsStart of year $0$0
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $4,928,353$5,653,690
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$21,974,474
XI-2 Total expenses$21,974,474
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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