Rio Concho Inc

Organization Overview

Rio Concho Inc is located in San Angelo, TX. The organization was established in 1977. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Rio Concho Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Concho 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 12/2021, Rio Concho Inc generated $5.1m 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 $5.2m during the year ending 12/2021. While expenses have increased by 1.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE HOUSING FOR PERSONS 62 YEARS AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING HOUSING FOR PERSONS 62 YEARS OF AGE AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES OF PATIO HOMES.


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Board, Officers & Key Employees

Name (title)Compensation
Elisabeth Elsass
Executive Dir.
$100,771
Jim Stanley
President
$0
Paul Adam
Treasurer
$0
Sandy Speed
Secretary
$0
Joyce Sneed
Vice President
$0
Jalen Bauman
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Harrison Roofing
Roofing
$562,708
Horizon Builders
Construction
$368,862
Mcgowen's Catering
Food Service
$320,282
Carey Sartain
Painting
$213,695
Concho Carpet
Carpet Installation
$123,098
View All Vendors

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$2,961
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,961
Total Program Service Revenue$4,677,527
Investment income $188,426
Tax Exempt Bond Proceeds $0
Royalties $2,487
Net Rental Income $0
Net Gain/Loss on Asset Sales $343,009
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,086,474

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