Rhf Holdings Group Inc
- Assets
- $60.4m
- Revenue
- $4.0m
- Investments
- $9.3m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 08/2014
- Data as of
- 09/2019
- EIN
- 46-1154838
Organization Overview
Rhf Holdings Group Inc, operating under the name Madison Avenue, is located in Long Beach, CA. The organization was established in 2014. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Madison Avenue generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 55.7% each year . All expenses for the organization totaled $4.0m during the year ending 09/2019. While expenses have increased by 50.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NONPROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RHF HOLDINGS GROUP, INC. (THE "CORPORATION") IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF CALIFORNIA, WAS FORMED ON JULY 6, 2012. THE CORPORATION WAS FORMED FOR CHARITABLE PURPOSES, INCLUDING MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE CORPORATION PROVIDES HOUSING TO LOW INCOME PERSONS, ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank G Jahrling Treasurer | OfficerTrustee | 0.2 | $0 |
Darryl M Sexton Vice President | OfficerTrustee | 0.2 | $0 |
Deborah J Stouff VP Of Corp. Records, Corp. | Officer | 0.2 | $0 |
Vincent B Magnone VP Treasury | Officer | 0.2 | $0 |
Stephanie Titus VP Philanthropy | Officer | 0.2 | $0 |
Stuart J Hartman Sr VP Housing Operations | Officer | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $229,896 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,964,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $61,221 |
| Fees for services: Legal | $10,313 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,444 |
| Office expenses | $21,749 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,228,324 |
| Travel | $1,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,144 |
| Insurance | $2,549 |
| All other expenses | $0 |
| Total functional expenses | $3,958,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $633,541 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,923 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,076 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $9,317,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $68,258 |
| Total assets | $60,439,706 |
| Accounts payable and accrued expenses | $830,024 |
| Grants payable | $0 |
| Deferred revenue | $39,408 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $59,815,656 |
| Total liabilities | $60,685,088 |
| Net assets without donor restrictions | -$245,382 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$245,382 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Quality Development And Construction Inc Irvine, CA | $7,151,987 | $11,427,798 |
Destination Home Sv Mountain View, CA | $41,518,782 | $18,470,056 |
Jewish Senior Living Group San Francisco, CA | $2,332,058 | $8,939,808 |
Mmm East Inc San Francisco, CA | $119,188,070 | $6,506,473 |
Covia Foundation Walnut Creek, CA | $15,242,490 | $5,427,768 |
Rhf Holdings Group Inc Long Beach, CA | $60,439,706 | $3,964,114 |
Claremont Investment Management Company Claremont, CA | $1,000 | $3,676,693 |
Bridge Community Impact San Francisco, CA | $6,385,482 | $4,564,886 |
Cedarsinai Park Foundation Portland, OR | $11,237,596 | $2,147,492 |
The Jewish Home And Senior Living Foundation San Francisco, CA | $89,528,323 | $7,958,630 |
Jack Hall Hawaii Housing Corporation Honolulu, HI | $18,118,786 | $12,649,109 |
Ahsc Qalicb Portland, OR | $14,844,738 | $611,073 |