Ridgeview Terrace Inc

Organization Overview

Ridgeview Terrace Inc is located in Ashtabula, OH. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Ridgeview Terrace Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridgeview Terrace Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Ridgeview Terrace Inc generated $450.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $551.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE AND ACCESSIBLE HOUSING TO ELDERLY AND HANDICAPED PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HUD SUBSIDIZED HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED PERSONS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $253,780
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$253,780
Total Program Service Revenue$194,418
Investment income $39
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $450,291

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