River City Housing Inc
Nonprofit profile at a glance
- EIN
- 611229107
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Louisville, KY, USA
- Phone
- 5025876763
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $2,795,573
- Expenses
- $2,104,152
- Assets
- $5,541,468
- Liabilities
- $3,776,107
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- REBECCA ROEHRIG (PRESIDENT)
Highest reported compensation
- REBECCA ROEHRIG (PRESIDENT): $118,760 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
River city housing improves the quality of life for low and moderate-income families and strengthens neighborhoods by developing high-quality affordable homes
What it reported doing in 2024
River city housing works to increase homeownership for low to moderate-income families, while focusing our outreach efforts on families who were refused this opportunity for generations due to policies and practices in the housing and lending industries that were based on race. Beginning with developing single family homes for homeownership, river city housing aims to bridge the racial wealth gap and to address other racial inequities. River city housing always has and will continue to develop high-quality, energy-efficient homes to sell to low- and moderate-income, first-time homebuyers. River city housing provides our buyers with programs to help with affordability at the time of purchase such as our river city housing down payment assistance program and prioritizes providing highly-efficient homes with low monthly energy costs and long-term affordability through low maintenance and repair costs. River city housing also has a home repair program for homeowners focusing in the chickasaw neighborhood.river city housing owns a 12-unit, one-bedroom apartment community for income-qualified residents 55 and older. This affordable housing unit provides our residents with not only a secure home, but many support services such as free access to a senior center, meals, monthly nurse and financial advisor visits, transportation services, financial assistance for utilities and prescriptions, and case management services.
Operating model
- Revenue model
- Earned-program. 73% 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 66
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.1%; rating input score 69
- Program expense ratio: 91.9%; rating input score 92
- Fundraising efficiency: $31.78 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: Limited
- 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; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 24.7%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 2.63; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 5.6%; rating input score 49; 49th percentile among comparable filings
Growth
- Program expense growth: 2.2% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 69.1% of revenue deployed · 91.9% of spending went to programs
- Governance: 15 of 15 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.9M in reported program spending
- Leadership: top reported pay $119K · 16 people listed
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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 — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 49/100.