RIVERVIEW APARTMENTS INC

EIN: 391204471

LA CRESCENT, MN

Total Revenue
$176,053
Total Expenses
$200,645
Total Assets
$606,080
Net Assets
$-79,514
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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
1971
Legal Domicile
WI
Principal Officer
MARILYN LEAVITT
Phone
6087841381
Tax Period
2023-01-01 to 2023-12-31

RIVERVIEW APARTMENTS INC, founded in 1971, is a small nonprofit that reported $176K in total revenue in fiscal year 2023. Expenses of $201K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $175,046
Investment Income $1,007
Other Revenue $0
TOTAL REVENUE $176,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $28,056
Fundraising Expenses $0
Program Expenses $170,104
Other Expenses $172,589
TOTAL EXPENSES $200,645

Year-over-Year Comparison

2023 2022 Change
Revenue $176,053 $164,480 +0.1%
Expenses $200,645 $180,244 +0.1%
Net Income $-24,592 $-15,764 +0.6%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARILYN LEAVITT PRESIDENT 0.00
Officer Director
$0 $0 $0
ROSE YANACHEK VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
LORENE HARRIS SECRETARY 0.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $176,053 $200,645 $606,080 $-24,592
2022 $164,480 $180,244 $635,568 $-15,764
2021 $160,724 $170,669 $663,318 $-9,945
2020 $137,260 $189,729 $689,718 $-52,469
2019 $154,499 $167,457 $725,943 $-12,958
2018 $140,051 $163,811 $745,348 $-23,760
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