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Rios Senior Residence Housing Development Fund Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Nursing, Convalescent Facilities (NTEE)

Donations to this organization are tax deductible.

Details

An independent audit commissioned by this organization for the fiscal year ending June 2023 identified:

Material noncompliance
Audit identified a failure to follow requirements established by law, regulations, contract or grant agreements.
Significant deficiency in internal controls
Audit identified a deficiency in internal financial or governance controls that could limit the organization's ability to track and report financial data reliably. The deficiency is less severe than a material weakness but warrants attention from management.

Summary charts: organization finances over time

Revenue
$1.95M (2023)

Expenses
$1.92M (2023)

Total Assets
$6.02M (2023)

Total Liabilities
$10.2M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,950,204
Expenses
$1,916,383
Net Income
$33,821
Net Assets
-$4,185,656
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,945,143
99.7%
Investment Income $1,565
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,496
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,021,974
Total Liabilities $10,207,630
Net Assets -$4,185,656
Compensation
Key Employees and Officers Compensation Related Other
Brad Beckstorm (Vice President) $0 $0 $0
Clayton Banks (Director) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Madison Bedard (Director) $0 $0 $0
Marissa Mack (Director) $0 $0 $0
Max Markham (Director) $0 $0 $0
Nikki Merkerson (Director) $0 $0 $0
Patrick Young (Secretary/Treasurer) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Varun Sanyal (Director) $0 $0 $0
Lorenzo Cesare (Director Of Finance) $0 $113,140 $0
Walter M Roberts (President) $0 $149,190 $6,897

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,953,880
Expenses
$1,786,817
Net Income
$167,063
Net Assets
-$4,219,477
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,933,848
99.0%
Investment Income $1,078
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $18,954
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,661,713
Total Liabilities $9,881,190
Net Assets -$4,219,477
Compensation
Key Employees and Officers Compensation Related Other
Brad Beckstorm (Vice President) $0 $0 $0
Clayton Banks (Director) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Madison Bedard (Director) $0 $0 $0
Marissa Mack (Director) $0 $0 $0
Max Markham (Director) $0 $0 $0
Maya Kurien (Director) $0 $0 $0
Michael Collazo Jr (Director) $0 $0 $0
Nikki Merkerson (Director) $0 $0 $0
Patrick Young (Secretary/Treasurer) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Lorenzo Cesare (Director Of Finance) $0 $105,957 $0
Walter M Roberts (President) $0 $136,611 $6,560

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,882,162
Expenses
$1,659,261
Net Income
$222,901
Net Assets
-$4,386,540
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,879,804
99.9%
Investment Income $518
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,840
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,654,902
Total Liabilities $10,041,442
Net Assets -$4,386,540
Compensation
Key Employees and Officers Compensation Related Other
Brad Beckstorm (Board Chair) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
Clayton Banks (Director) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Madison Bedard (Director) $0 $0 $0
Marissa Mack (Director) $0 $0 $0
Max Markham (Director) $0 $0 $0
Maya Kurien (Director) $0 $0 $0
Michael Collazo Jr (Secretary) $0 $0 $0
Nikki Merkerson (Treasurer) $0 $0 $0
Patrick Young (Vice Chair) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Varun Sanyal (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Lorenzo Cesare (Director Of Finance) $0 $107,514 $0
Walter M Roberts (Executive Director) $0 $140,627 $10,165

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,790,392
Expenses
$1,939,962
Net Income
-$149,570
Net Assets
-$4,609,441
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,788,542
99.9%
Investment Income $735
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,115
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,425,383
Total Liabilities $10,034,824
Net Assets -$4,609,441
Compensation
Key Employees and Officers Compensation Related Other
Anthony P Nelson (Treasurer) $0 $0 $0
Brad Beckstorm (President) $0 $0 $0
Brain Blake (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Jonathan Vazcones (Vice President) $0 $0 $0
Kevin Barret (Director) $0 $0 $0
Madison Bedard (Director) $0 $0 $0
Max Markham (Secretary) $0 $0 $0
Michael Collazo (Director) $0 $0 $0
Patrick Young (Director) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Varun Sanyal (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Lorenzo Cesare (Director Of Finance) $0 $106,571 $0
Walter M Roberts (Executive Director) $0 $130,184 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,540,693
Expenses
$1,550,194
Net Income
-$9,501
Net Assets
-$4,432,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,536,796
99.7%
Investment Income $1,146
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,751
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,436,687
Total Liabilities $9,869,249
Net Assets -$4,432,562
Compensation
Key Employees and Officers Compensation Related Other
Brad Beckstrom (President) $0 $0 $0
Jonathan Vazcones (Vice President) $0 $0 $0
Anthony P Nelson (Treasurer) $0 $0 $0
Max Markham (Secretary) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Kevin Barret (Director) $0 $0 $0
Michael Collazo (Brian Blake) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Brian Blake (Director) $0 $0 $0
Varun Sanyal (Director) $0 $0 $0
Madison Bedard (Director) $0 $0 $0
Patrick Young (Director) $0 $0 $0
Walter Roberts (Executive Director) $0 $127,678 $9,133

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,335,089
Expenses
$1,304,678
Net Income
$30,411
Net Assets
-$4,423,061
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,331,523
99.7%
Investment Income $1,102
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,464
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,441,307
Total Liabilities $9,864,368
Net Assets -$4,423,061
Compensation
Key Employees and Officers Compensation Related Other
Brad Beckstrom (President) $0 $0 $0
Jonathan Vazcones (Vice President) $0 $0 $0
Gemma Thomas (Secretary) $0 $0 $0
Kevin Barret (Treasurer) $0 $0 $0
Anthony Nelson (Director) $0 $0 $0
Max Markham (Director) $0 $0 $0
Michael Collazo (Brian Blake) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
Ann Henderson (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Brian Blake (Director) $0 $0 $0
Varun Sanyal (Director) $0 $0 $0
Walter Roberts (Executive Director) $0 $127,878 $5,493

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,255,473
Expenses
$1,433,299
Net Income
-$177,826
Net Assets
-$4,453,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $973,233
77.5%
Investment Income $1,053
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $281,187
22.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,738,861
Total Liabilities $10,192,333
Net Assets -$4,453,472
Compensation
Key Employees and Officers Compensation Related Other
Brad Beckstrom (President) $0 $0 $0
Jonathan Vazcones (Vice President) $0 $0 $0
Kevin Barrett (Treasurer) $0 $0 $0
Gemma Thomas (Secretary) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Max Markham (Director) $0 $0 $0
Brian A Blake (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Michael Collazo Jr (Director) $0 $0 $0
Ann Henderson (Director) $0 $0 $0
Varun Sanyal (Director) $0 $0 $0
Anthony P Nelson (Director) $0 $0 $0
Walter M Roberts (Executive Director) $0 $128,280 $5,777

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$985,833
Expenses
$1,247,407
Net Income
-$261,574
Net Assets
-$4,275,646
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $980,102
99.4%
Investment Income $2,112
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,619
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,882,688
Total Liabilities $10,158,334
Net Assets -$4,275,646
Compensation
Key Employees and Officers Compensation Related Other
Ann Henderson (President) $0 $0 $0
Brad Beckstrom (Vice President) $0 $0 $0
Kevin Barret (Treasurer) $0 $0 $0
Kathy Benson (Secretary) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Roger Caban (Director) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Jonathan Vazcones (Director) $0 $0 $0
Walter Roberts (Executive Director) $0 $127,644 $5,835

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,278,724
Expenses
$1,222,404
Net Income
$56,320
Net Assets
-$4,014,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $995,967
77.9%
Program Services $281,887
22.0%
Investment Income $870
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,273,536
Total Liabilities $10,287,608
Net Assets -$4,014,072
Compensation
Key Employees and Officers Compensation Related Other
Ann Henderson (President) $0 $0 $0
Brad Beckstrom (Vice Preside) $0 $0 $0
Kevin Barrett (Treasurer) $0 $0 $0
Kathy Benson (Secretary) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Roger Caban (Director) $0 $0 $0
Gemma Thomas (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Jonathan Vazcones (Director) $0 $0 $0
Walter M Roberts (Exec. Direct) $0 $133,351 $7,938

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$819,092
Expenses
$1,213,519
Net Income
-$394,427
Net Assets
-$4,070,392
Notable Sources of Revenue Percent of Total Revenue
Contributions $505,654
61.7%
Program Services $312,896
38.2%
Investment Income $542
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,068,308
Total Liabilities $10,138,700
Net Assets -$4,070,392
Compensation
Key Employees and Officers Compensation Related Other
Ann Henderson (President) $0 $0 $0
Brad Beckstrom (Vice Preside) $0 $0 $0
Kevin Barrett (Treasurer) $0 $0 $0
Kathy Benson (Secretary) $0 $0 $0
Stacy Crawford (Director) $0 $0 $0
Roger Caban (Director) $0 $0 $0
Rubye Wright (Director) $0 $0 $0
Carlos Diaz (Director) $0 $0 $0
William Ofenloch (Director) $0 $0 $0
Jonathan Vazcones (Director) $0 $0 $0
Walter M Roberts (Exec. Direct) $0 $126,983 $7,397

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$813,622
Expenses
$985,251
Net Income
-$171,629
Net Assets
-$3,675,965
Notable Sources of Revenue Percent of Total Revenue
Contributions $509,456
62.6%
Program Services $303,392
37.3%
Investment Income $774
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,242,133
Total Liabilities $9,918,098
Net Assets -$3,675,965

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$812,009
Expenses
$1,016,911
Net Income
-$204,902
Net Assets
-$3,504,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $810,862
99.9%
Investment Income $1,147
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,544,668
Total Liabilities $10,049,004
Net Assets -$3,504,336

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$664,551
Expenses
$932,674
Net Income
-$268,123
Net Assets
-$3,299,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $660,359
99.4%
Investment Income $4,192
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $6,870,527
Total Liabilities $10,169,961
Net Assets -$3,299,434

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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