New River House INC: Nonprofit Profile, Financials & Form 990 (EIN 52-1257779)

Revenue by fiscal year
FY2020	$522K
FY2021	$525K
FY2022	$610K
FY2023	$585K
FY2024	$624K
FY2025	$596K

Expenses by fiscal year
FY2020	$633K
FY2021	$640K
FY2022	$633K
FY2023	$682K
FY2024	$710K
FY2025	$741K

Net assets by fiscal year
FY2020	−$610K
FY2021	−$725K
FY2022	−$747K
FY2023	−$844K
FY2024	−$931K
FY2025	−$1.1M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1982.

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

Part of a larger organization · Schedule R

New River House INC files its own Form 990, but Schedule R discloses 9 related entities — figures on this page are for this EIN only, not the whole group.

Warm Hearth INC · Nrv Nursing Center Incorporated · New Century Housing INC · Warm Hearth Hospice INC + 5 more · see all

Combined filings · FY2025 · 10 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 2% of group revenue.

Group revenue

$30.1M

Group expenses

$29.1M

Group net assets

$13.0M

Warm Hearth INC · $3.0M rev · $3.3M net assets

Nrv Nursing Center Incorporated · $13.1M rev · $2.8M net assets

New Century Housing INC · $834K rev · −$128K net assets

Warm Hearth Hospice INC · $116K rev · −$133K net assets

Warm Hearth at Home INC · $3.0M rev · −$987K net assets

Trolinger House INC · $1.4M rev · −$1.8M net assets

Where the money goes

45 cents of each dollar spent went to programs.

45%

55%

Program services 45% · $336K Management & general 55% · $405K

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

23 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Allan Bookout

Vice Chairman / Treasurer

$0Pt VII · Sec A

Ed Spencer

Chair

$0Pt VII · Sec A

Hing-Har Lo

Secretary

$0Pt VII · Sec A

Tommy McDearis

Vice Chairman

$0Pt VII · Sec A

Charles Johnson

Director

$0Pt VII · Sec A

Heather Ducote

Director

$0Pt VII · Sec A

Jason Pospichal

Director

$0Pt VII · Sec A

Karen Hanks

Director

$0Pt VII · Sec A

See New River House INC executive salaries →

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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 seniors and people with disabilities.

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Provided by the organization

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1 program · $336K · in their own filed words · FY2024

01

The corporation provides affordable housing for elderly and handicapped individuals qualifying for rental assistance under section 8 of the national housing act. The facility has 42 units.

$336Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2024

Warm Hearth Foundation IncorporatedFY2024$5K

Total grants receivedfrom 1 funder$5K

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$596K

Ln 12

Fees for servicesLn 2g$600K

Gifts and grantsLn 1h$5K

Investment incomeLn 3$241

Money outPt IX

$741K

Ln 25

Programscol B$336K

Managementcol C$405K

Owns and owesPt X

−$1.1M

net assets · Ln 32

Cash and savingsLn 1–2$142K

Total assetsLn 16$757K

LiabilitiesLn 26$1.8M

PeoplePt VI, VII

23

listed · VII A

PaidVII A0

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5K

Fees for servicesLn 2g$600K

Investment incomeLn 3$241

Gains on assetsLn 7−$11K

Total revenueLn 12$596K

Assets in detailPt X, end of year

CashLn 1$142K

SavingsLn 2$0

Cash and savings togetherLn 1–2$142K

Land, buildings, equipmentLn 10c$522K

Other assetsLn 15$71K

Total assetsLn 16$757K

LiabilitiesLn 26$1.8M

Net assetsLn 32−$1.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderSeptember

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	$142K	$142K
Land, buildings, equipmentLn 10c	$531K	$522K
Total assetsLn 16	$693K	$757K
LiabilitiesLn 26	$1.6M	$1.8M
Net assetsLn 32	−$931K	−$1.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Legal feesLn 11b	$1K		$1K
Accounting feesLn 11c	$7K		$7K
Other fees for servicesLn 11g	$423K	$97K	$326K	$0
Advertising and promotionLn 12	$1K		$1K
Office expensesLn 13	$51K	$7K	$44K
Information technologyLn 14	$21K		$21K
OccupancyLn 16	$46K	$42K	$4K
TravelLn 17	$4K	$3K	$965
InterestLn 20	$30K	$30K
Depreciation, depletion and amortizationLn 22	$93K	$93K
InsuranceLn 23	$16K	$16K
Other expenses (24a–d)Ln 24	$49K	$48K	$326
All other expensesLn 24e	$0	$0	$0	$0
Total functional expensesLn 25	$741K	$336K	$405K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$596K	$741K	−$145K	−$1.1M	990 PDF
FY2024	$624K	$710K	−$86K	−$931K	990 PDF
FY2023	$585K	$682K	−$97K	−$844K	990 PDF
FY2022	$610K	$633K	−$23K	−$747K	990 PDF
FY2021	$525K	$640K	−$115K	−$725K	990 PDF
FY2020	$522K	$633K	−$112K	−$610K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $595,673 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $3,693$5,432

I-9 Program service revenuePrior year $619,396$600,223

I-10 Investment incomePrior year $216−$11,077

I-11 Other revenuePrior year $837$1,095

I-12 Total revenuePrior year $624,142$595,673

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $0$0

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

I-17 Other expensesPrior year $710,379$741,056

I-18 Total expensesPrior year $710,379$741,056

I-19 Revenue less expensesPrior year −$86,237−$145,383

Part VI · Governance 16 of 16 board members independent, 1 to look at

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

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 $595,673 across 6 lines filed

Lines not itemized here account for $1,095 of total revenue; see the IRS return.

VIII-1d Related organizations$5,432

VIII-1h Total contributions, gifts and grants$5,432

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $600,223$600,223

VIII-3 Investment incomeExcluded from tax $241$241

VIII-7 Net gain or loss on sales of assetsExcluded from tax −$11,318−$11,318

VIII-12 Total revenueRelated to mission $600,223 · Unrelated business $0 · Excluded from tax −$9,982$595,673

Part IX · Statement of functional expenses $741,056 across 13 lines filed

IX-11b Legal feesManagement $1,065$1,065

IX-11c Accounting feesManagement $7,384$7,384

IX-11g Other fees for servicesPrograms $96,951 · Management $325,752 · Fundraising $0$422,703

IX-12 Advertising and promotionManagement $1,355$1,355

IX-13 Office expensesPrograms $6,840 · Management $43,808$50,648

IX-14 Information technologyManagement $20,514$20,514

IX-16 OccupancyPrograms $41,900 · Management $4,092$45,992

IX-17 TravelPrograms $2,594 · Management $965$3,559

IX-20 InterestPrograms $30,479$30,479

IX-22 Depreciation, depletion and amortizationPrograms $92,988$92,988

IX-23 InsurancePrograms $15,628$15,628

IX-24 Other expenses (24a–d)Programs $48,415 · Management $326$48,741

IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0

IX-25 Total functional expensesPrograms $335,795 · Management $405,261 · Fundraising $0$741,056

Part X · Balance sheet $757,018 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $79,183$141,856

X-2 Savings and temporary cash investmentsStart of year $62,911$0

X-4 Accounts receivableStart of year $19,413$22,501

X-10c Land, buildings and equipment, netStart of year $531,375$521,869

X-15 Other assetsStart of year $0$70,792

X-16 Total assetsStart of year $692,882$757,018

X-17 Accounts payable and accrued expensesStart of year $47,094$48,172

X-19 Deferred revenueStart of year $3,274$2,758

X-24 Unsecured notes and loans payableStart of year $893,550$850,205

X-25 Other liabilitiesStart of year $679,498$931,800

X-26 Total liabilitiesStart of year $1,623,416$1,832,935

X-27 Net assets without donor restrictionsStart of year −$930,534−$1,075,917

X-32 Total net assets or fund balancesStart of year −$930,534−$1,075,917

X-33 Total liabilities and net assetsStart of year $692,882$757,018

Part XI · Reconciliation of net assets −$1,075,917 net assets at year end

XI-1 Total revenue$595,673

XI-2 Total expenses$741,056

XI-3 Revenue less expenses−$145,383

XI-4 Net assets at start of year−$930,534

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$1,075,917

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

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New River House 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 New River House INC

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV