RiverSpring Living

Legal name: Palisade Nursing Home Company Inc C/o Hebrew Home for the Aged

Overview

Mission

RiverSpring Living serves older adults of all faiths through compassionate care and a vibrant community engagement model, guided by Jewish values. Through its continuum of senior living and care services—featured in programs such as the Hebrew Home at Riverdale—the organization aims to help older adults live full lives in a warm, homelike environment while preserving and enhancing independence.

What it reported doing in 2016

Palisade nursing home company, inc. Is a 288-bed nursing home which provided 75,463 days of nursing and rehabilitation care for the nine months ended 9/30/2016.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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.

Nonprofit profile at a glance

EIN
132668331
IRS 990 coverage
2010–2016
Official website data refreshed
Sep 2026
Forms available
Form 990 2016
Location
Bronx, NY, United States
Phone
718-540-4171
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities
Affiliation
Judaism

Official website

Reported finances

Revenue
$30,956,821
Expenses
$27,330,303
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 65
  • Accountability: 91
  • Sustainability: 45
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.7%; rating input score 83
  • Program expense ratio: 93.7%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 68th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 11.7%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2.6%; rating input score 64; 64th percentile among comparable filings

Growth

  • Program expense growth: -7.8% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -0.3% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -12.2% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 82.7% of revenue deployed · 93.7% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $25.6M in reported program spending
  • Leadership: top reported pay $1.3M · 23 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.3M reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 7 annual filings from 2010 to 2016
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 11 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.

Leadership & pay

23 people listed

Highest reported compensation

  • DANIEL REINGOLD (PRESIDENT, CEO): $1,308,376 total reported compensation
  • DAVID POMERANZ (CHIEF OPERATING OFFICER): $677,273 total reported compensation
  • LUZ LIEBESKIND (CFO/ASST. SECRETARY/TREASURER): $497,840 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016.