RIVER MANOR APARTMENTS INC

EIN: 710584414 501(c)(3) Housing & Shelter

MALVERN, AR

Total Revenue
$688,575
Total Expenses
$690,710
Total Assets
$1,731,485
Net Assets
$-231,752
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
AR
Principal Officer
MICHAEL HARRELSON
Phone
5012800037
Tax Period
2024-07-01 to 2025-06-30

RIVER MANOR APARTMENTS INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $569K in total revenue in fiscal year 2018.

Mission

TO PROVIDE LOW-INCOME HOUSING TO ELDERLY IN OSCEOLA, ARKANSAS UNDER THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $682,071
Investment Income $459
Other Revenue $6,045
TOTAL REVENUE $688,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $171,729
Fundraising Expenses $0
Program Expenses $607,089
Other Expenses $518,981
TOTAL EXPENSES $690,710

Year-over-Year Comparison

2024 2023 Change
Revenue $688,575 $601,464 +0.1%
Expenses $690,710 $682,900 +0.0%
Net Income $-2,135 $-81,436 -1.0%
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
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
MICHAEL HARRELSON PRESIDENT N/A
Officer Director
$0 $0 $0
C CARL SCHULTZ TREASURER N/A
Officer Director
$0 $0 $0
CYNTHIA WHEELER SECRETARY N/A
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
2025 $688,575 $690,710 $1,731,485 $-2,135
2024 $601,464 $682,900 $1,763,190 $-81,436
2023 $806,920 $622,603 $1,883,341 $184,317
2022 $620,217 $614,089 $1,767,378 $6,128
2021 $604,190 $569,363 $1,805,058 $34,827
2020 $586,212 $524,124 $1,879,407 $62,088
2019 $568,615 $565,025 $1,781,539 $3,590
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