River Garden Holding Company Inc

Nonprofit profile at a glance

EIN
592487781
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Jacksonville, FL, USA
Phone
9042601818
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Financial Institutions

Reported finances

Revenue
$1,980,660
Expenses
$1,611,945
Assets
$9,380,884
Liabilities
$480,586

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

Leadership & pay

22 people listed

Executive titles in this filing

  • JANIS FLEET (PRESIDENT)
  • SANDY ZIMMERMAN (VICE PRESIDENT)
  • SUSAN COHEN (VICE PRESIDENT)
  • MAURI MIZRAHI (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • MAURI MIZRAHI (CHIEF EXECUTIVE OFFICER): $390,029 total reported compensation
  • BETTY SORNA (CHIEF FINANCIAL OFFICER): $285,453 total reported compensation
  • BOBBIE JO MENTZ (CHIEF OPERATIONS OFFICER): $206,116 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of river garden holding company, inc. Is to oversee the operations of affiliated organizations providing specialized geriatric rehabilitation and skilled nursing services to the community at large.

What it reported doing in 2024

The organization establishes long-range objectives, coordinates finances and provides management services for its related exempt entities.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 94% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 91
  • Accountability: 100
  • Sustainability: 67
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.3%; rating input score 83
  • Program expense ratio: 99.5%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd 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: 18.6%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 5.82; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 63.6%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -4.5% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 83.3% of revenue deployed · 99.5% of spending went to programs
  • Governance: 18 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $390K · 22 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 4 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.