Riverside Christian Ministries Inc
- Assets
- $3.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 53
- Location
- Miami, FL
- Founding
- 05/1982
- Data as of
- 03/2022
- EIN
- 59-2093182
Organization Overview
Riverside Christian Ministries Inc is located in Miami, FL. The organization was established in 1982. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 03/2022, Riverside Christian Ministries Inc employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside Christian Ministries 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 03/2022, Riverside Christian Ministries Inc generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $3.2m during the year ending 03/2022. 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
RIVERSIDE HOUSE EXISTS TO GUIDE MEN AND WOMEN CONVICTED OF CRIME INTO BECOMING PRODUCTIVE CITIZENS THROUGH A NONDENOMINATIONAL, FAITH-BASED APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL HOUSING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cleveland Bell III Executive Director | OfficerTrustee | 45 | $141,300 |
David Mcsherry Chief Operating Officer | Officer | 45 | $96,215 |
Karen Brady Treasurer | OfficerTrustee | 1 | $0 |
Rick Cook Secretary | OfficerTrustee | 1 | $0 |
Jeanne Kennedy Director | Trustee | 1 | $0 |
Rev Gaston Smith Director | Trustee | 1 | $0 |
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 | $256,154 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,154 |
| Total Program Service Revenue | $2,564,716 |
| Investment income | $66,381 |
| 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 | $2,890,007 |
| 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. | $237,516 |
| Compensation of current officers, directors, key employees. | $22,873 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,109,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $343,150 |
| Payroll taxes | $213,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,263 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,346 |
| Fees for services: Other | $60,460 |
| Advertising and promotion | $50,322 |
| Office expenses | $40,514 |
| Information technology | $63,290 |
| Royalties | $0 |
| Occupancy | $127,852 |
| Travel | $47,468 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,225 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,354 |
| Insurance | $28,672 |
| All other expenses | $18,817 |
| Total functional expenses | $3,177,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,683 |
| Savings and temporary cash investments | $100,398 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $902,090 |
| 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 | $47,143 |
| Net Land, buildings, and equipment | $392,805 |
| Investments—publicly traded securities | $1,751,851 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,624,970 |
| Accounts payable and accrued expenses | $162,049 |
| Grants payable | $0 |
| Deferred revenue | $5,524 |
| 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 | $9,060 |
| Total liabilities | $176,633 |
| Net assets without donor restrictions | $3,448,337 |
| 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 | $3,624,970 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Riverside Christian Ministries Inc has recieved totaling $150,000.
| Awarding Organization | Amount |
|---|---|
Samuel E And Mary W Thatcher Foundation Inc Miami, FL PURPOSE: GENERAL SUPPORT | $100,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Riverside Christian Ministries Inc Miami, FL | $3,624,970 | $2,890,007 |
Time For Freedom Inc Ocala, FL | $1,587,272 | $2,427,085 |
Shepherds Lighthouse Inc Belleview, FL | $1,093,555 | $395,067 |
Renascence Inc Montgomery, AL | $415,485 | $381,899 |
Karing Heartz Community Development Corporation Jonesboro, GA | $6,070 | $141,897 |
Hillsboro House Of Hope Inc Tampa, FL | $463,737 | $0 |
Harvard House Program Inc Atlanta, GA | $0 | $0 |
New Beginnings Of Jacksonville Inc Jacksonville, FL | $2,854 | $0 |
Fresh Grounds Inc Atlanta, GA | $410,485 | $0 |
The Potters House Community Development Corp Decatur, GA | $14,249 | $0 |
Sisters In Recovery Ministries Inc Hiram, GA | $166,672 | $0 |
Dod Manor Inc Jacksonville, FL | $10,205 | $0 |