Riverspring Services Corp
- Assets
- $4.7m
- Revenue
- $24.3m
- Investments
- $0.0
- Employees
- 121
- Location
- Riverdale, NY
- Founding
- 06/2015
- Data as of
- 12/2022
- EIN
- 46-1763915
Organization Overview
Riverspring Services Corp is located in Riverdale, NY. The organization was established in 2015. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2022, Riverspring Services Corp employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverspring Services Corp 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 12/2022, Riverspring Services Corp generated $24.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $24.3m during the year ending 12/2022. While expenses have increased by 4.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MANAGEMENT SERVICES TO THE ORGANIZATIONS COMPRISING THE RIVERSPRING LIVING FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION'S VARIOUS AFFILIATES WHOSE MISSIONS ARE TO SUPPORT AND PROVIDE HOUSING, HOME CARE, MANAGED CARE, AND NURSING HOME CARE TO OLDER ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Reingold President & CEO | Officer | 35 | $1,404,604 |
David Pomeranz Chief Operating Officer | Officer | 35 | $948,837 |
Luz Liebeskind Cfo/asst. Secretary/treasurer | Officer | 35 | $770,664 |
David Finkelstein Chief Information Officer | 35 | $303,455 | |
Carl Willner Senior VP - Finance | 35 | $284,654 | |
Damon Ramaglia Jr VP Of Info Technology | 35 | $289,577 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lincoln Computer Services It Consulting | 12/30/22 | $1,367,369 |
Kpmg Llp Internal Audit | 12/30/22 | $411,660 |
Capital Hill Media Group Advertising | 12/30/22 | $1,136,314 |
Adventure Media Digital Marketing L Consultant | 12/30/22 | $602,539 |
3rdthird Marketing Llc Marketing | 12/30/22 | $335,977 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $24,332,721 |
| Investment income | $0 |
| 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 | $24,332,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,241,142 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,221,147 |
| Pension plan accruals and contributions | $551,022 |
| Other employee benefits | $1,943,475 |
| Payroll taxes | $770,378 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $236,310 |
| Fees for services: Accounting | $382,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,653,982 |
| Advertising and promotion | $2,330,036 |
| Office expenses | $1,029,036 |
| Information technology | $1,258,698 |
| Royalties | $0 |
| Occupancy | $470,090 |
| Travel | $131,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,992 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,292 |
| Insurance | $0 |
| All other expenses | $15,550 |
| Total functional expenses | $24,332,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $493,851 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,453,871 |
| 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 | $629,282 |
| Net Land, buildings, and equipment | $105,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,682,082 |
| Accounts payable and accrued expenses | $4,422,935 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $259,147 |
| Total liabilities | $4,682,082 |
| Net assets without donor restrictions | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,682,082 |