RIVERVIEW APARTMENTS SENIOR HOUSING (EIN 273561771) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

BABETTE JAMISON-VARNER

Phone

6512911750

Tax Period

2024-01-01 to 2024-12-31

RIVERVIEW APARTMENTS SENIOR HOUSING, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $366K in total revenue in fiscal year 2024. Expenses of $693K exceeded revenue, resulting in a 90% operating deficit.

Mission

TO PROVIDE HOUSING AND SERVICES TO THE ELDERLY.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $364,570

Investment Income $1,358

Other Revenue $0

TOTAL REVENUE $365,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $693,466

Other Expenses $693,466

TOTAL EXPENSES $693,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,928	$360,893	+0.0%
Expenses	$693,466	$662,091	+0.0%
Net Income	$-327,538	$-301,198	+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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$363,599

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH SCHNEIDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN TIESZEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA BECKER	DIRECTOR	1.00	Director	$0	$0	$0
PETER COCHRANE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JUSTIN LONGUA	DIRECTOR	1.00	Director	$0	$0	$0
ANNE PEACOCK	SECRETARY	1.00	Officer Director	$0	$0	$0
BECKY SECHRIST	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ADAMS	EXECUTIVE VP OF COMMONBOND	1.00	Officer	$0	$23,297	$225,273
BABETTE JAMISON-VARNER	EXECUTIVE VP OF BEACON	1.00	Officer	$0	$13,578	$138,326

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	No data	No data	No data	No data
2024	$365,928	$693,466	$6,031,749	$-327,538
2023	$360,893	$662,091	$6,186,847	$-301,198
2022	$357,345	$631,054	$6,431,016	$-273,709
2021	$347,589	$531,802	$6,602,846	$-184,213
2020	$338,612	$562,379	$6,776,394	$-223,767
2019	$301,861	$554,018	$6,964,149	$-252,157
2018	$284,653	$552,684	$7,171,745	$-268,031

RIVERVIEW APARTMENTS SENIOR HOUSING