To provide housing to low-income, elderly and/or disabled individuals.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
88¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
4 of 5
filings with a surplus
Average surplus $47K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$35K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$314K
+5% vs prior year
Spent
$258K
To programs
88%
Net assets
$848K
By yearFY2020–FY2025
Revenue
$314K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$209K
FY2023$271K
FY2024$299K
FY2025$314K
Expenses
$258K
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$176K
FY2023$183K
FY2024$219K
FY2025$258K
Net assets
$848K
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$579K
FY2021$612K
FY2023$711K
FY2024$791K
FY2025$848K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1988.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $226K Management & general 12% · $31K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Riverview Apartments 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 housing for low-income, elderly, and disabled individuals.

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Provided by the organization

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1 program · $226K · in their own filed words · FY2024
01

Riverview apartments, inc. Owns and operates a 24-UNIT apartment complex for low-income, elderly AND/OR disabled individuals. All expenses are attributed to the facility.

$226Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$314K
Ln 12
Gifts and grantsLn 1h$227K
Fees for servicesLn 2g$77K
Investment incomeLn 3$9K
Money outPt IX
$258K
Ln 25
Programscol B$226K
Managementcol C$31K
Owns and owesPt X
$848K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$883K
LiabilitiesLn 26$35K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$227K
Government grantsLn 1e$227K
Fees for servicesLn 2g$77K
Investment incomeLn 3$9K
Total revenueLn 12$314K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Land, buildings, equipmentLn 10c$381K
Other assetsLn 15$494K
Total assetsLn 16$883K
LiabilitiesLn 26$35K
Net assetsLn 32$848K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$28K$7K
Land, buildings, equipmentLn 10c$408K$381K
Total assetsLn 16$820K$883K
LiabilitiesLn 26$28K$35K
Net assetsLn 32$791K$848K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$18K$18K
Legal feesLn 11b$85$85
Other fees for servicesLn 11g$500$500
Advertising and promotionLn 12$351$351
Office expensesLn 13$13K$13K
OccupancyLn 16$21K$21K
Conferences, conventions and meetingsLn 19$1K$1K
InterestLn 20$58$58
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$14K$14K
Other expenses (24a–d)Ln 24$162K$151K$11K
All other expensesLn 24e$18$18
Total functional expensesLn 25$258K$226K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $314K$258K$56K$848K 990 PDF
FY2024 $299K$219K$81K$791K 990 PDF
FY2023 $271K$183K$88K$711K 990 PDF
FY2022 Not on file
FY2021 $209K$176K$33K$612K 990 PDF
FY2020 $155K$175K−$20K$579K 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 $313,981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $222,851$227,040
I-9 Program service revenuePrior year $79,611$77,443
I-10 Investment incomePrior year −$4,198$9,498
I-11 Other revenuePrior year $938$0
I-12 Total revenuePrior year $299,202$313,981
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $218,556$257,780
I-18 Total expensesPrior year $218,556$257,780
I-19 Revenue less expensesPrior year $80,646$56,201
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $313,981 across 5 lines filed
VIII-1e Government grants$227,040
VIII-1h Total contributions, gifts and grants$227,040
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,443$77,443
VIII-3 Investment incomeExcluded from tax $9,498$9,498
VIII-12 Total revenueRelated to mission $77,443 · Unrelated business $0 · Excluded from tax $9,498$313,981
Part IX · Statement of functional expenses $257,780 across 12 lines filed
IX-11a Management feesManagement $18,126$18,126
IX-11b Legal feesPrograms $85$85
IX-11g Other fees for servicesManagement $500$500
IX-12 Advertising and promotionPrograms $351$351
IX-13 Office expensesPrograms $13,156$13,156
IX-16 OccupancyPrograms $20,759$20,759
IX-19 Conferences, conventions and meetingsManagement $1,190$1,190
IX-20 InterestPrograms $58$58
IX-22 Depreciation, depletion and amortizationPrograms $27,118$27,118
IX-23 InsurancePrograms $13,942$13,942
IX-24 Other expenses (24a–d)Programs $151,009 · Management $11,468$162,477
IX-24e All other expensesPrograms $18$18
IX-25 Total functional expensesPrograms $226,496 · Management $31,284 · Fundraising $0$257,780
Part X · Balance sheet $882,860 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $27,824$7,400
X-4 Accounts receivableStart of year $4$231
X-9 Prepaid expenses and deferred chargesStart of year $165$207
X-10c Land, buildings and equipment, netStart of year $407,883$380,764
X-15 Other assetsStart of year $384,043$494,258
X-16 Total assetsStart of year $819,919$882,860
X-17 Accounts payable and accrued expensesStart of year $21,611$29,430
X-19 Deferred revenueStart of year $8$0
X-25 Other liabilitiesStart of year $6,815$5,744
X-26 Total liabilitiesStart of year $28,434$35,174
X-27 Net assets without donor restrictionsStart of year −$379,015−$322,814
X-28 Net assets with donor restrictionsStart of year $1,170,500$1,170,500
X-32 Total net assets or fund balancesStart of year $791,485$847,686
X-33 Total liabilities and net assetsStart of year $819,919$882,860
Part XI · Reconciliation of net assets $847,686 net assets at year end
XI-1 Total revenue$313,981
XI-2 Total expenses$257,780
XI-3 Revenue less expenses$56,201
XI-4 Net assets at start of year$791,485
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$847,686

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

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