Riverspring Services Corp FY2022 filing

Tax-deductible

Bronx, NY501(c)(3)Since 2013Health CareEIN 46-1763915

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.
$4.6M 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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FY2022 · 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
$4.6M
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.7M
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
$24.3M
+11% vs prior year
Spent
$24.3M
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$24.3M
FY2022▲ +11%
Revenue by fiscal year
FY2020$20.2M
FY2021$22.0M
FY2022$24.3M
FY2023$25.8M
FY2024$25.6M
Expenses
$24.3M
FY2022▲ +11%
Expenses by fiscal year
FY2020$20.2M
FY2021$22.0M
FY2022$24.3M
FY2023$25.8M
FY2024$25.6M
Net assets
$0
FY2022
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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% · $24.3M

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

11 people listed on the 990; $4.6M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$1,404,604Pt VII · Sec A
Chief Operating Officer
$948,837Pt VII · Sec A
CFO/Asst. Secretary/Treasurer
$770,664Pt VII · Sec A
Chief Information Officer
$303,455Pt VII · Sec A
Senior VP - Operations
$295,620Pt VII · Sec A
VP of Info Technology
$289,577Pt VII · Sec A
Senior VP - Finance
$284,654Pt VII · Sec A
Director of Patient Service
$278,520Pt 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———
Daniel Reingold——$1,404,604$967,752$861,652
David Pomeranz——$948,837$801,382$719,353
David Pomeranz$898,166$911,618———
Luz Liebeskind——$770,664$657,788$617,085
Carl Willner$419,816$319,229———
Deborah M Messina$354,045$305,172———
Damon Ramaglia JR$331,878$297,436———

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.

Provided by the organization

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1 program service account for $24.3M of program spending, described in the organization's own filed words · FY2022.
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.

$24.3Mprogram expense

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By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$24.3M
Ln 12
Fees for servicesLn 2g$24.3M
Money outPt IX
$24.3M
Ln 25
Programscol B$24.3M
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$494K
Total assetsLn 16$4.7M
LiabilitiesLn 26$4.7M
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$24.3M
Gains on assetsLn 7$0
Total revenueLn 12$24.3M
Assets in detailPt X, end of year
CashLn 1$494K
SavingsLn 2$0
Cash and savings togetherLn 1–2$494K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$105K
Other assetsLn 15$0
Total assetsLn 16$4.7M
LiabilitiesLn 26$4.7M
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 FY22End FY22
Cash and savingsLn 1–2$13K$494K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$155K$105K
Total assetsLn 16$5.7M$4.7M
LiabilitiesLn 26$5.7M$4.7M
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$3.2M$3.2M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$9.2M$9.2M
Pension plan contributionsLn 8$551K$551K
Other employee benefitsLn 9$1.9M$1.9M
Payroll taxesLn 10$770K$770K
Management feesLn 11a$0
Legal feesLn 11b$236K$236K
Accounting feesLn 11c$382K$382K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2.7M$2.7M
Advertising and promotionLn 12$2.3M$2.3M
Office expensesLn 13$1.0M$1.0M
Information technologyLn 14$1.3M$1.3M
RoyaltiesLn 15$0
OccupancyLn 16$470K$470K
TravelLn 17$131K$131K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$16K$16K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$82K$82K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$16K$16K
Total functional expensesLn 25$24.3M$24.3M$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 Viewing $24.3M$24.3M$0$0 990 PDF
FY2021 $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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $24,332,721 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 $24,332,721$24,332,721
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 $24,332,721$24,332,721
Part IX · Statement of functional expenses $24,332,721 across 30 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 $3,241,142$3,241,142
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $9,221,147$9,221,147
IX-8 Pension plan contributionsPrograms $551,022$551,022
IX-9 Other employee benefitsPrograms $1,943,475$1,943,475
IX-10 Payroll taxesPrograms $770,378$770,378
IX-11a Management fees$0
IX-11b Legal feesPrograms $236,310$236,310
IX-11c Accounting feesPrograms $382,379$382,379
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,653,982$2,653,982
IX-12 Advertising and promotionPrograms $2,330,036$2,330,036
IX-13 Office expensesPrograms $1,029,036$1,029,036
IX-14 Information technologyPrograms $1,258,698$1,258,698
IX-15 Royalties$0
IX-16 OccupancyPrograms $470,090$470,090
IX-17 TravelPrograms $131,192$131,192
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $15,992$15,992
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $82,292$82,292
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $15,550$15,550
IX-25 Total functional expensesPrograms $24,332,721 · Management $0 · Fundraising $0$24,332,721
Part X · Balance sheet $4,682,082 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $13,423$493,851
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 $4,917,009$3,453,871
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $568,511$629,282
X-10c Land, buildings and equipment, netStart of year $154,747$105,078
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 $5,653,690$4,682,082
X-17 Accounts payable and accrued expensesStart of year $4,732,363$4,422,935
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 $921,327$259,147
X-26 Total liabilitiesStart of year $5,653,690$4,682,082
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 $5,653,690$4,682,082
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$24,332,721
XI-2 Total expenses$24,332,721
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) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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