RIVER VIEW GARDENS HOUSING DEVELOPMENT FUND COMPANY INC

EIN: 133995933 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$1,473,062
Total Expenses
$1,852,334
Total Assets
$8,610,107
Net Assets
$-3,628,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
LINDA R HOFFMAN
Phone
2129627653
Tax Period
2024-07-01 to 2025-06-30

RIVER VIEW GARDENS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.9M exceeded revenue, resulting in a 26% operating deficit.

Mission

DEVELOPING, CONSTRUCTING, AND OPERATING HOUSING AND RELATED FACILITIES FOR THE ELDERLY AND HANDICAPPED.

Program Service Accomplishments

Program 1
Expenses: $1,562,485 Revenue: $295,601

PROVIDES 80 UNITS OF SUBSIDIZED, LOW INCOME HOUSING FOR SENIOR CITIZENS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,163,988
Program Service Revenue $295,601
Investment Income $7,294
Other Revenue $6,179
TOTAL REVENUE $1,473,062

Expense Breakdown

Grants Paid $0
Salaries & Benefits $432,918
Fundraising Expenses $0
Program Expenses $1,562,485
Other Expenses $1,419,416
TOTAL EXPENSES $1,852,334

Year-over-Year Comparison

2024 2023 Change
Revenue $1,473,062 $1,410,208 +0.0%
Expenses $1,852,334 $1,848,901 +0.0%
Net Income $-379,272 $-438,693 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
9
Volunteers
7

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
6
$1,186,051
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM N HUBBARD IV PRESIDENT 0.20
Officer Director
$0 $0 $0
ELIZABETH R TOZER VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
ANN VAN NESS VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
WILLIAM N HUBBARD III EXEC. SECRETARY/TREASURER 0.20
Officer Director
$0 $0 $0
PEARL CHANG BOARD MEMBER 0.20
Director
$0 $0 $0
JOAN FINKELSTEIN BOARD MEMBER 0.20
Director
$0 $0 $0
EVELYN SALZBERG BOARD MEMBER 0.20
Director
$0 $0 $0
LINDA R HOFFMAN CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $35,975 $820,576
ROLANDO A BLANCO CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $35,975 $365,475
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
2025 $1,473,062 $1,852,334 $8,610,107 $-379,272
2024 No data No data No data No data
2023 $1,341,837 $1,644,865 $9,337,150 $-303,028
2022 $1,221,185 $1,469,366 $9,714,768 $-248,181
2021 $1,117,706 $1,433,893 $9,918,360 $-316,187
2020 $1,094,807 $1,238,876 $10,254,154 $-144,069
2019 $1,051,798 $1,276,697 $10,386,132 $-224,899
2018 $964,662 $1,203,676 $10,697,770 $-239,014
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