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Rivercrest Commons Housing Development Fund Company Inc

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: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$62k (2023)

Expenses
$103k (2023)

Total Assets
$415k (2023)

Total Liabilities
$64.2k (2023)

Source: Form 990 tax filings from 2010 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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,043
Expenses
$102,842
Net Income
-$40,799
Net Assets
$350,600
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,524
46.0%
Program Services $27,596
44.5%
Investment Income $19
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,904
9.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,782
6.6%
Assets/Debt
Total Assets $414,817
Total Liabilities $64,217
Net Assets $350,600
Compensation
Key Employees and Officers Compensation Related Other
Colleen Mcheard (Chairperson) $0 $0 $0
Richard Dimatteo (Treasurer) $0 $0 $0
Paul Salerno (Vice Chair) $0 $0 $0
Diane Madej (Secretary) $0 $0 $0
Damaris Carbone (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$58,428
Expenses
$99,348
Net Income
-$40,920
Net Assets
$391,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,604
59.2%
Program Services $21,347
36.5%
Investment Income $0
Bond Proceeds $18
0.0%
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,459
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,551
3.6%
Assets/Debt
Total Assets $427,857
Total Liabilities $36,458
Net Assets $391,399
Compensation
Key Employees and Officers Compensation Related Other
Damaris Carbone (Ceo/Secretary) $0 $0 $0
Michael Dayian (Chairperson) $0 $0 $0
Albert Mancini (Member) $0 $0 $0
Richard Dimatteo (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,107
Expenses
$92,720
Net Income
-$28,613
Net Assets
$432,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $36,562
57.0%
Program Services $24,818
38.7%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,710
4.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $4,462
4.8%
Assets/Debt
Total Assets $442,357
Total Liabilities $10,038
Net Assets $432,319
Compensation
Key Employees and Officers Compensation Related Other
Damaris Carbone (Ceo/Secretary) $0 $93,148 $37,255
Michael Dayian (Chairperson) $0 $0 $0
Albert Mancini (Member) $0 $0 $0
Richard Dimatteo (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,743
Expenses
$92,452
Net Income
-$26,709
Net Assets
$460,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $37,554
57.1%
Program Services $24,508
37.3%
Investment Income $22
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,659
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,694
6.2%
Assets/Debt
Total Assets $472,559
Total Liabilities $11,627
Net Assets $460,932
Compensation
Key Employees and Officers Compensation Related Other
Damaris Carbone (Ceo) $0 $0 $0
Katherine Paton (Secretary) $0 $0 $0
Jani Montalvo (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,223
Expenses
$102,945
Net Income
-$37,722
Net Assets
$487,641
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,598
60.7%
Program Services $24,874
38.1%
Investment Income $61
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $690
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $502,629
Total Liabilities $14,988
Net Assets $487,641
Compensation
Key Employees and Officers Compensation Related Other
Damaris G Carbone (Ceo) $0 $0 $0
Katherine Paton (Secretary) $0 $0 $0
Jani Montalvo (Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,200
Expenses
$97,724
Net Income
-$31,524
Net Assets
$710,649
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,779
61.6%
Program Services $24,709
37.3%
Investment Income $40
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $672
1.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $768,364
Total Liabilities $57,715
Net Assets $710,649
Compensation
Key Employees and Officers Compensation Related Other
Katherine Paton (Secretary) $0 $0 $0
Jani Montalvo (Member) $0 $0 $0
Damaris G Carbone (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,669
Expenses
$91,766
Net Income
-$24,097
Net Assets
$742,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,886
60.4%
Program Services $26,028
38.5%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $738
1.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $796,644
Total Liabilities $54,471
Net Assets $742,173
Compensation
Key Employees and Officers Compensation Related Other
Jani Montalvo (Member) $0 $0 $0
Kathy Peyton (Secretary) $0 $0 $0
Damaris G Carbone (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,895
Expenses
$88,764
Net Income
-$22,869
Net Assets
$766,270
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,928
62.1%
Program Services $23,884
36.2%
Investment Income $17
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,066
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $822,991
Total Liabilities $56,721
Net Assets $766,270
Compensation
Key Employees and Officers Compensation Related Other
Jani Montalvo (Member) $0 $0 $0
Kathy Peyton (Secretary) $0 $0 $0
Damaris G Carbone (Executive Di) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,991
Expenses
$95,268
Net Income
-$32,277
Net Assets
$789,139
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $62,017
98.5%
Investment Income $15
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $959
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,560
9.0%
Assets/Debt
Total Assets $832,495
Total Liabilities $43,356
Net Assets $789,139
Compensation
Key Employees and Officers Compensation Related Other
Damaris G Carbone (Chairperson) $0 $0 $0
Richard K Miller (Vice Chairperson) $0 $0 $0
Kathy Peyton (Secretary) $0 $0 $0
Bethany Schumann Mcghee (Director) $0 $0 $0
Michele Valerio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,360
Expenses
$89,522
Net Income
-$23,162
Net Assets
$821,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,180
63.6%
Program Services $23,185
34.9%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $982
1.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,400
9.4%
Assets/Debt
Total Assets $863,817
Total Liabilities $42,401
Net Assets $821,416
Compensation
Key Employees and Officers Compensation Related Other
Damaris G Carbone (Chair) $0 $0 $0
Richard K Miller (Vice Chair) $0 $0 $0
Kathy Peyton (Secretary) $0 $0 $0
Bethany Schumann Mcghee (Director) $0 $0 $0
Michele Valerio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,280
Expenses
$89,232
Net Income
-$22,952
Net Assets
$844,578
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,467
64.1%
Program Services $23,006
34.7%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $800
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,627
9.7%
Assets/Debt
Total Assets $885,049
Total Liabilities $40,471
Net Assets $844,578
Compensation
Key Employees and Officers Compensation Related Other
Damaris G Carbone (Chair) $0 $0 $0
Richard K Miller (Vice Chair) $0 $0 $0
Kathy Peyton (Secretary) $0 $0 $0
Bethany Schumann Mcghee (Director) $0 $0 $0
Michele Valerio (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$65,575
Expenses
$96,659
Net Income
-$31,084
Net Assets
$867,530
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,386
64.6%
Program Services $22,285
34.0%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $898
1.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $8,919
9.2%
Assets/Debt
Total Assets $911,608
Total Liabilities $44,078
Net Assets $867,530

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$49,251
Expenses
$89,425
Net Income
-$40,174
Net Assets
$898,614
Notable Sources of Revenue Percent of Total Revenue
Contributions $25,632
52.0%
Program Services $22,140
45.0%
Investment Income $24
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,455
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $2,400
2.7%
Assets/Debt
Total Assets $943,145
Total Liabilities $44,531
Net Assets $898,614

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,866
Expenses
$94,816
Net Income
-$46,950
Net Assets
$938,788
Notable Sources of Revenue Percent of Total Revenue
Contributions $27,022
56.5%
Program Services $20,808
43.5%
Investment Income $36
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 $2,400
2.5%
Assets/Debt
Total Assets $979,575
Total Liabilities $40,787
Net Assets $938,788

Document Links

Fiscal Year Ending Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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 Dec.
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

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.

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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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