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RIVERSPRING HEALTH SENIOR LIVING INC

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Public IRS 990 nonprofit record

RIVERSPRING HEALTH SENIOR LIVING INC

EIN 46-5584538 · Senior Citizens Housing & Retirement Communities (L22)

What they do

RIVERSPRING HEALTH SENIOR LIVING, INC. DBA RIVERS EDGE (RIVERS EDGE) is A NEW YORK NOT-FORPROFIT CORPORATION ORGANIZED IN 2014 to OWN and OPERATE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), ALSO KNOWN AS A LIFE-CARE COMMUNITY, AUTHORIZED UNDER ARTICLE 46 of NEW YORKS PUBLIC HEALTH LAW. THE CCRC is PLANNED to HAVE A TOTAL of 379 INDEPENDENT LIVING UNITS (ILUS) CONSTRUCTED IN TWO PHASES: PHASE 1 CONSISTING of 260 ILUS to BE CONSTRUCTED ON A PORTION of PROPERTY OWNED BY THE HEBREW HOME AT RIVERDALE (HHAR) and PHASE 2 CONSISTING of 119 ILUS to BE CONSTRUCTED ON ADJACENT PROPERTY CURRENTLY OWNED BY THE HEBREW HOME for THE AGED AT RIVERDALE FOUNDATION (HHARF). ASSISTED LIVING, MEMORY SUPPORT, and LONG-TERM NURSING SERVICES OFFERED AS PART of THE LIFE CARE PLAN WILL BE PROVIDED UNDER AN ARRANGEMENT WITH HHAR.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders4 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$8,172.63spent for every $100 of revenueSpending was higher than revenue this year.
8,172.63%of revenue went to management and office costs100.0% of expenses
$18.98in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $4,146,426 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$51,364
Mission workProgram services0.00% of revenue0.0% of expenses
ManagementOffice and general costs$4,197,7908,172.63% of revenue100.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$4,197,7908,172.63% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$51,364
Expenses$4,197,790
Annual shortfall $4,146,426 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$4,197,790 · 100.0% of expenses
See all reported dollar amounts
Revenue$51,364
Expenses$4,197,790
Assets$79,659,889
Income$51,364
Management and general$4,197,790
Accounting fees$33,995
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (4)

ANDREW GAINESTRUSTEE

CONSTANTINE DIMASTREASURER/SECRETARY

JAMES SHIFRENTRUSTEE

JEFFREY MAURERCHAIRMAN

About this charity

Recognized since
January 2023
Location
5901 PALISADE AVE, BRONX, NY 10471-1205
County
Bronx
In care of
% LUZ D LIEBESKIND
Primary officer
CARL WILLNER, SVP, FINANCE

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
FORVIS MAZARS LLP
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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