RHODE ISLAND ASSISTED LIVING ASSOCIATION INC

EIN: 050497725 Community Improvement

EAST PROVIDENCE, RI

Total Revenue
$481,607
Total Expenses
$393,832
Total Assets
$639,578
Net Assets
$462,977
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Organization Details

Formation Year
1987
Legal Domicile
RI
Principal Officer
MICHAEL MANGASARIAN
Phone
4014358888
Tax Period
2024-01-01 to 2024-12-31

RHODE ISLAND ASSISTED LIVING ASSOCIATION INC, founded in 1987, is a small nonprofit in the Community Improvement sector that reported $482K in total revenue in fiscal year 2024. The organization ran a surplus of $88K, a strong 18% operating margin.

Mission

TO REPRESENT THE INTERESTS OF THE ASSISTED LIVING INDUSTRY IN RHODE ISLAND, INCLUDING THE RESIDENTS, FAMILIES, OWNERS, DEVELOPERS, ADMINISTRATORS, STAFF, AND SUPPLIERS OF SERVICES, AND TO ADVOCATE FOR THE HIGHEST LEVEL OF INDEPENDENCE AND QUALITY OF LIFE FOR THE RESIDENTS.

Program Service Accomplishments

Program 1

EACH YEAR RIALA BRINGS THE INDUSTRY TOGETHER TO PROVIDE TRAINING ON KEY ISSUES AND BEST PRACTICES IN ASSISTED LIVING TO ITS MEMBERS. THIS DAY LONG EVENT OFFERS TRAINING AND DISCUSSION OF ITEMS OF...

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EACH YEAR RIALA BRINGS THE INDUSTRY TOGETHER TO PROVIDE TRAINING ON KEY ISSUES AND BEST PRACTICES IN ASSISTED LIVING TO ITS MEMBERS. THIS DAY LONG EVENT OFFERS TRAINING AND DISCUSSION OF ITEMS OF INTEREST AND CONCERN TO RIALA'S MEMBERS. THIS EVENT ALSO FEATURES A TRADE SHOW WHERE ATTENDEES ARE ABLE TO LEARN ABOUT NEW PRODUCTS AND SERVICES AS WELL AS RECONNECT WITH SUPPLIERS AND COLLEAGUES.

Program 2

IN RHODE ISLAND, NURSES AND LICENSED ASSISTED LIVING ADMINISTRATORS ARE REQUIRED TO EARN CONTINUING EDUCATION CREDITS ("CEU'S") TO KEEP THEIR INDUSTRY KNOWLEDGE CURRENT AND TO RENEW THEIR LICENSES...

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IN RHODE ISLAND, NURSES AND LICENSED ASSISTED LIVING ADMINISTRATORS ARE REQUIRED TO EARN CONTINUING EDUCATION CREDITS ("CEU'S") TO KEEP THEIR INDUSTRY KNOWLEDGE CURRENT AND TO RENEW THEIR LICENSES. RIALA OFFERS A SERIES OF COURSE OFFERINGS THROUGHOUT THE YEAR TO HELP ITS MEMBERS MEETTHE CEU REQUIREMENTS.

Program 3

THE ORGANIZATION OFFERS A FIFTY HOUR TRAINING PROGRAM UP TO TWICE A YEAR TO PREPARE APPLICANTS TO APPLY FOR LICENSURE AS AN ASSISTED LIVING ADMINSTRATOR AS REQUIRED BY RHODE ISLAND STATE LAW. ALL...

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THE ORGANIZATION OFFERS A FIFTY HOUR TRAINING PROGRAM UP TO TWICE A YEAR TO PREPARE APPLICANTS TO APPLY FOR LICENSURE AS AN ASSISTED LIVING ADMINSTRATOR AS REQUIRED BY RHODE ISLAND STATE LAW. ALL ASSISTED LIVING RESIDENCES (OR BUILDINGS) HAVE TO BE INDIVIDUALLY LICENSED, AS WELL AS,OPERATED BY A LICENSED ASSISTED LIVING ADMINISTRATOR.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $42,137
Program Service Revenue $439,532
Investment Income $2,842
Other Revenue $-2,904
TOTAL REVENUE $481,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $187,212
Fundraising Expenses $0
Other Expenses $206,620
TOTAL EXPENSES $393,832

Year-over-Year Comparison

2024 2023 Change
Revenue $481,607 $463,364 +0.0%
Expenses $393,832 $511,870 -0.2%
Net Income $87,775 $-48,506 -2.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
1
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$83,673
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAUREN YABUT CHAIR 1.00
Officer Director
$0 $0 $0
LINDA SILVEIRA IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
KAREN PECK 1ST VICE CHAIR 1.00
Officer Director
$0 $0 $0
JASEN CROZIER 2ND VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL CRISCIONE TREASURER 1.00
Officer Director
$0 $0 $0
STEVEN LANGLOIS SECRETARY 1.00
Officer Director
$0 $0 $0
MAGGIE CONNELLY SEATED DIRECTOR 1.00
Director
$0 $0 $0
LYNN MARIE ALMEIDA SEATED DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH BRITO SEATED DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE CABANA SEATED DIRECTOR 1.00
Director
$0 $0 $0
HAIGOUHI CORRIVEAU SEATED DIRECTOR 1.00
Director
$0 $0 $0
ALBERT PETERSON SEATED DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW REEBER ESQ SEATED DIRECTOR 1.00
Director
$0 $0 $0
JOHN STEFANIK SEATED DIRECTOR 1.00
Director
$0 $0 $0
AKSHAY TALWAR SEATED DIRECTOR 1.00
Director
$0 $0 $0
VINCENT MESSINA SEATED DIRECTOR 1.00
Director
$0 $0 $0
HANAN BABIKIR BEDRI EXECUTIVE DIRECTOR 40.00
Officer
$83,673 $0 $83,673
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $481,607 $393,832 $639,578 $87,775
2023 $463,364 $511,870 $543,735 $-48,506
2022 $427,451 $425,868 $573,038 $1,583
2021 $418,739 $399,213 $461,609 $19,526
2020 $344,860 $370,581 $412,572 $-25,721
2019 $428,982 $406,568 $440,509 $22,414
2018 $413,047 $388,094 $411,456 $24,953
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