Riverspring Services Corp
- Assets
- $5.7m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 113
- Location
- Riverdale, NY
- Founding
- 06/2015
- Data as of
- 12/2021
- 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 12/2021, Riverspring Services Corp employed 113 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 12/2021, Riverspring Services Corp generated $22.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $22.0m during the year ending 12/2021. While expenses have increased by 1.9% 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
2021
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 | 29 | $967,752 |
David Pomeranz Chief Operating Officer | Officer | 5 | $801,382 |
Luz Liebeskind Cfo/asst. Secretary/treasurer | Officer | 25 | $657,788 |
Michael Bialek Director Of Real Estate | 35 | $306,036 | |
Deborah M Messina Senior VP - Operations | 35 | $280,560 | |
Carl Willner Senior VP - Finance | 35 | $276,515 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lincoln Computer Services It Consulting | 12/30/21 | $1,412,866 |
Aetna Insurance | 12/30/21 | $309,912 |
Derive Technologies Supplier | 12/30/21 | $673,342 |
Kpmg Llp Internal Audit | 12/30/21 | $382,618 |
Seiden Marketing | 12/30/21 | $1,284,801 |
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 | $21,974,474 |
| 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 | $21,974,474 |
| 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. | $2,541,993 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,235,563 |
| Pension plan accruals and contributions | $347,206 |
| Other employee benefits | $1,480,905 |
| Payroll taxes | $678,323 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $146,574 |
| Fees for services: Accounting | $352,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,193,470 |
| Advertising and promotion | $2,113,795 |
| Office expenses | $917,492 |
| Information technology | $1,359,416 |
| Royalties | $0 |
| Occupancy | $441,983 |
| Travel | $76,935 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,969 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,373 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $21,974,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,423 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,917,009 |
| 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 | $568,511 |
| Net Land, buildings, and equipment | $154,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,653,690 |
| Accounts payable and accrued expenses | $4,732,363 |
| 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 | $921,327 |
| Total liabilities | $5,653,690 |
| 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 | $5,653,690 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Royal Charter Properties Inc New York, NY | $137,963,781 | $43,558,448 |
Msmc Residential Realty Llc New York, NY | $105,712,939 | $27,441,000 |
Network Recovery Services Inc New York, NY | $9,165,578 | $32,013,322 |
Bhcare Inc North Haven, CT | $6,550,561 | $27,847,123 |
Hunterdon Specialty Care Pc Flemington, NJ | $3,946,893 | $25,039,620 |
Riverspring Services Corp Riverdale, NY | $5,653,690 | $21,974,474 |
Jewish Healthcare Foundation Of Pittsburgh Pittsburgh, PA | $167,156,555 | $15,944,425 |
North Shore-Lij Alliance Inc Westbury, NY | $6,390,042 | $18,631,414 |
St Josephs Health Center Properties Inc Syracuse, NY | $53,413,758 | $12,721,851 |
Keystonecare Wyndmoor, PA | $1,598,265 | $10,722,936 |
Nyu Langone Health System New York, NY | $245,971,553 | $8,933,478 |
Saint Barnabas Realty Development Corporation Oceanport, NJ | $105,536,952 | $4,843,393 |