Riderwood Village Inc

Riderwood Village Inc Overview

Riderwood Village Inc is located in Silver Spring, MD. The organization was established in 2003. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2020, Riderwood Village Inc employed 1,697 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Riderwood Village Inc generated $111.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $129.8m during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RIDERWOOD VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,800 INDEPENDENT LIVING UNITS, 211 ASSISTED LIVING UNITS, 117 SKILLED NURSING UNITS AND 34 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.


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Riderwood Village Inc Vendors

Vendor Name (Service)Compensation
Erickson Senior Living Llc
Management - See Sch. O
$12,328,002
Plano-coudon Llc
Contractor
$7,138,950
The Severn Group Inc
Hvac Contractor
$1,293,640
Buch Construction Inc
Contractor
$1,902,330
Cypress Contracting Llc
Contractor
$1,301,299
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,271,695
All other contributions, gifts, grants, and similar amounts not included above$1,291,351
Noncash contributions included in lines 1a–1f $119,442
Total Revenue from Contributions, Gifts, Grants & Similar$2,563,046
Total Program Service Revenue$115,382,534
Investment income $315,502
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $372,627
Net Gain/Loss on Asset Sales -$6,907,276
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $111,726,433

Riderwood Village Inc Grants Awarded

Over the last fiscal year, Riderwood Village Inc has awarded $16,883 in support to 3 organizations.

Grant RecipientAmount

PRINCE GEORGE'S COUNTY FIRE STATION 841

PURPOSE: PROGRAM SERVICE

$6,883

ALZHEIMERS ASSOCIATION NATIONAL CAPITAL AREA

Org PageRecipient Profile

Timonium, MD

PURPOSE: PROGRAM SERVICE

$5,000

ADVENTIST HEALTHCARE

Org PageRecipient Profile

Gaithersburg, MD

PURPOSE: PROGRAM SERVICE

$5,000
View Grant Profile

Riderwood Village Inc Grants Recieved

Over the last fiscal year, we have identified 1 grants that Riderwood Village Inc has recieved totaling $8,000.

Awarding OrganizationAmount
Plano-Coudon Foundation Inc

Baltimore, MD

PURPOSE: BENEVOLENT CARE FUND FOR RESIDENTS

$8,000
View Grant Recipient Profile

Riderwood Village Inc Peer Organizations

Organization NameAssets
Acts Retirement-Life Communities Inc
Fort Washington, PA
$446,249,117
Asbury Atlantic Inc
Frederick, MD
$174,395,209
Riderwood Village Inc
Silver Spring, MD
$111,726,433
Willow Valley Communities
Lancaster, PA
$113,600,002
Greenspring Village Inc
Springfield, VA
$93,929,946
Oak Crest Village Inc
Parkville, MD
$92,752,531
Ashby Ponds Inc
Ashburn, VA
$88,246,844
Goodwin House Incorporated
Alexandria, VA
$93,583,962
Sentara Life Care Corporation
Norfolk, VA
$76,095,498
Humangood Pennsylvania
Lafayette Hill, PA
$75,751,425
Spiritrust Lutheran
York, PA
$68,085,658
Westminster-Canterbury Corporation
Richmond, VA
$75,738,304

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