RiverSpring Living

Legal name: Elderserve Health Inc

Overview

Mission

RiverSpring Living serves older adults of all faiths through compassionate care and vibrant community engagement, guided by Jewish values and its non-profit mission to advocate and support a vision of empowered aging. 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. RiverSpring Living is dedicated to helping older adults live full lives. For over 100 years, we have been committed to healthy aging and the highest quality of life through innovative programs and services designed to meet the evolving needs of older adults. With a full range of care solutions, including the nationally recognized Hebrew Home at Riverdale, assisted living programs, senior housing, and specialized services such as elder abuse prevention...

What it reported doing in 2024

Managed long term care for frail, elderly, and disabled individuals with high quality services to help them maintain maximum independence and quality of life.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating 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
800517818
IRS 990 coverage
2012–2024
Official website data refreshed
Jun 2026
Forms available
Form 990 2024
Location
Bronx, NY, USA
Phone
718-540-4171
Rating
90
Verdict
STRONG
Rating confidence
Moderate
Sector
Home Health Care
Affiliation
Judaism

Official website

Reported finances

Revenue
$1,265,590,864
Expenses
$1,262,206,822
Assets
$223,017,693
Liabilities
$146,581,520

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: 84
  • Transparency & Controls: 100
  • Accountability: 100
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.1%; rating input score 95
  • Program expense ratio: 95.4%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • 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: 0.3%; rating input score 32; 32nd percentile among comparable filings
  • Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0.4%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: 9.5% per year; rating input score 100; 72nd percentile among comparable filings
  • Revenue growth: 10% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 6% per year; rating input score 100; 44th percentile among comparable filings

Details

  • What they do: 1 operating location identified
  • Where the money goes: 95.1% of revenue deployed · 95.4% of spending went to programs
  • Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2B in reported program spending
  • Leadership: top reported pay $1.8M · 29 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $165.4M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 12 annual filings from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 8 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.

  • Moderate — Sustainability: Operating margin scored 32/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.

Leadership & pay

29 people listed

Highest reported compensation

  • DANIEL REINGOLD (PRESIDENT): $1,826,440 total reported compensation
  • SUSAN ALDRICH (CEO/EXECUTIVE VP): $999,467 total reported compensation
  • DAVID POMERANZ (CHIEF OPERATING OFFICER): $933,009 total reported compensation

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