RiverSpring Living

Legal name: The Hebrew Home for Aged at Riverdale

Overview

Mission

RiverSpring Living serves older adults of all faiths through compassionate care and vibrant community engagement. Guided by Jewish values and our non-profit mission, we advocate and celebrate a vision of empowered aging. Our goal is to provide care in a warm, homelike environment, in a manner which preserves and enhances independence in a way where older adults can live, learn, and flourish.

What it reported doing in 2024

The home's assisted living program provides its 35 residents with comfortable apartments along with clinical and support services to maintain their highest level of independence on its 32 acre campus. The apartments, decorated with designer furnishings, offer an array of daily services and amenities to help residents with the assistance they may need. These include: nursing and medical services, social, recreational and cultural activities, daily service of three kosher meals, as well as personal care services to assist with dressing, bathing and grooming, housekeeping and laundry services round out a home-like living experience.

Operating model

Revenue model
Other-operating. 72% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
131739971
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Riverdale, NY, United States
Phone
718-540-4171
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Nursing Services (General)
Affiliation
Judaism

Official website

Reported finances

Revenue
$113,210,538
Expenses
$123,631,846
Assets
$178,299,197
Liabilities
$119,232,846

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 29
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -9.2%; rating input score 8; 8th percentile among comparable filings
  • Total-asset coverage ratio: 1.44; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.67; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 2.6% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 28th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: 100% of revenue deployed · 93.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $115.8M in reported program spending
  • Leadership: top reported pay $1.8M · 23 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $37.1M reported
  • Consistency: 39 of 39 current checks pass
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 12 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 8/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Liabilities to assets ratio scored 23/100.

Leadership & pay

23 people listed

Highest reported compensation

  • Daniel Reingold (President, CEO): $1,826,440 total reported compensation
  • David Pomeranz (Chief Operating Officer): $933,009 total reported compensation
  • Carl Willner (SVP, Finance): $482,681 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024.