2025-11-17T13:57:33+00:00 2024-12-31 440160260 Forvis Mazars LLP 135 West 50th Street New York NY 10020 990 2024-01-01 465584538 Riverspring Health Senior Living Inc RIVE 7185811000 5901 PALISADE AVENUE BRONX NY 10471 CARL WILLNER SVP, FINANCE 2025-11-17 true true Aaron Shapiro P01333816 2128127000 2025-11-17 2024 2025-03-06 01:10:19Z CARL WILLNER 5901 PALISADE AVENUE BRONX NY 10471 51364 false X https://www.riverspringliving.org/ X 2014 NY TO PROVIDE LONG TERM RESIDENTIAL CARE FOR OLDER ADULTS. 3 3 0 3 0 0 0 0 0 0 51364 0 0 0 51364 0 0 0 0 0 0 0 0 0 19498738 4197790 19498738 4197790 -19498738 -4146426 58016272 79659889 63053382 88843425 -5037110 -9183536 RIVERSPRING HEALTH SENIOR LIVING, INC. DBA RIVER'S EDGE (RIVER'S EDGE) IS A NEW YORK NOT-FORPROFIT CORPORATION ORGANIZED IN 2014 TO OWN AND OPERATE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC), ALSO KNOWN AS A LIFE-CARE COMMUNITY, AUTHORIZED UNDER ARTICLE 46 OF NEW YORK'S PUBLIC HEALTH LAW. THE CCRC IS PLANNED TO HAVE A TOTAL OF 379 INDEPENDENT LIVING UNITS (ILUS) CONSTRUCTED IN TWO PHASES: PHASE 1 CONSISTING OF 260 ILUS TO BE CONSTRUCTED ON A PORTION OF PROPERTY OWNED BY THE HEBREW HOME AT RIVERDALE (HHAR) AND PHASE 2 CONSISTING OF 119 ILUS TO BE CONSTRUCTED ON ADJACENT PROPERTY CURRENTLY OWNED BY THE HEBREW HOME FOR THE AGED AT RIVERDALE FOUNDATION (HHARF). ASSISTED LIVING, MEMORY SUPPORT, AND LONG-TERM NURSING SERVICES OFFERED AS PART OF THE LIFE CARE PLAN WILL BE PROVIDED UNDER AN ARRANGEMENT WITH HHAR. false false 0 0 N/A 0 true false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false false false false false X 3 3 false false false false false false false true true false false false true true true true true true true true false false NY X CARL WILLNER 7185811000 5901 PALISADE AVENUE BRONX NY 10471 Andrew Gaines Trustee 1.0 7.0 X 0 0 0 James Shifren Trustee 1.0 6.0 X 0 0 0 Jeffrey Maurer Chairman 1.0 9.0 X 0 0 0 Constantine Dimas Treasurer/Secretary 1.0 1.0 X 0 0 0 0 0 0 false false false 0 0 0 0 0 0 0 51364 51364 0 0 0 0 0 0 0 0 0 51364 0 0 51364 X 191139 191139 259 259 33995 33995 1116147 0 1116147 0 1582516 1582516 84532 84532 34742 34742 4565 4565 8338 8338 426055 426055 39272 39272 Other Project Start-Up Costs 676230 676230 0 0 0 0 4197790 0 4197790 0 12240 3768334 58006 58006 0 0 53261585 68726 41425716 53192859 0 0 16520310 22640690 58016272 79659889 19726 1354180 0 5000000 21114099 58033656 66375146 63053382 88843425 -5037110 -9183536 -5037110 -9183536 58016272 79659889 -4146426 0 X false false false X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 51364 51364 0 0 0 0 0 51364 51364 0 0 0 0 0 0 0 0 0 0 0 51364 51364 X 0 0 0 0 16443557 16443557 235635 68726 166909 36582393 36582393 53192859 Due from Affiliates 141622 Escrow Reserve 22499068 22640690 Federal Income Taxes Due to Affiliates 43875077 Deposit Escrow Reserve 22500069 66375146 Form 990, Part VI, Line 11b Review of form 990 by governing body THE AUDIT COMMITTEE REVIEWS THE 990 WITH THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, CHIEF OPERATING OFFICER, AND THE PREPARER, AND REPORTS THEIR FINDINGS TO THE FULL BOARD OF TRUSTEES. THE BOARD OF TRUSTEES THEN REVIEWS THE 990 ALONG WITH ANY REPORTS/FINDINGS NOTED BY THE AUDIT COMMITTEE. Form 990, Part VI, Line 12c Conflict of interest policy ON A YEARLY BASIS, THE COMPLIANCE OFFICER, WORKING WITH ADMINISTRATION, DISTRIBUTES CONFLICT OF INTEREST QUESTIONNAIRES TO BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES WITH INSTRUCTIONS TO COMPLETE THE FORMS AND RETURN THEM TO THE COMPLIANCE OFFICER. THE COMPLIANCE OFFICER REVIEWS ALL SUBMITTED FORMS AND IDENTIFIES ANY CONFLICTS WHICH NEED TO BE REPORTED, CONSULTING WITH LEGAL COUNSEL, IF NECESSARY. THE COMPLIANCE OFFICER NOTIFIES THE CHAIRMAN OF THE BOARD AND THE CEO OF ANY CONFLICTS SO THAT CONFLICTED INDIVIDUALS APPROPRIATELY RECUSE THEMSELVES FROM DISCUSSIONS AND VOTING ON MATTERS ON WHICH THEY HAVE A CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official DETERMINATION OF THE CEO AND OFFICERS COMPENSATION IS BASED ON INDEPENDENT COMPARATIVE ANALYSIS OF COMPENSATION LEVELS FOR OTHER CEO'S AND OFFICERS IN ORGANIZATIONS OF SIMILAR SIZE IN THE LONG-TERM CARE INDUSTRY PRIMARILY IN THE NY METROPOLITAN AREA. THIS IS DONE BY AN INDEPENDENT COMPENSATION CONSULTANT AND THE INFORMATION IS THEN REVIEWED BY A COMPENSATION COMMITTEE AND APPROVED BY THE FULL BOARD. THIS PROCESS TAKES PLACE EACH DECEMBER. Form 990, Part VI, Line 15b Process to establish compensation of other employees Same as 15a Form 990, Part VI, Line 19 Required documents available to the public THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part IX, Line 11g Other Fees Consulting Fees - Total Expense: 331437, Program Service Expense: , Management and General Expenses: 331437, Fundraising Expenses: ; Agency Fees - Total Expense: 728713, Program Service Expense: , Management and General Expenses: 728713, Fundraising Expenses: ; Other Fees - Total Expense: 55997, Program Service Expense: , Management and General Expenses: 55997, Fundraising Expenses: ; HEBREW HOME HOUSING DEVELOPMENT FUND CO 5901 PALISADE AVENUE RIVERDALE NY 10471 132956755 HOUSING NY 501(c)(3) 10 RSHHC false RIVERSPRING LICENSED HOME CARE SERVICE A 5901 PALISADE AVENUE RIVERDALE NY 10471 133900644 Service Agency NY 501(c)(3) 10 NA false HEBREW HOME FOR THE AGED AT RIVERDALE 5901 PALISADE AVENUE RIVERDALE NY 10471 131739971 NURSING HOME NY 501(c)(3) 10 RSHHC false HEBREW HOME FOR AGED AT RIVERDALE FDN 5901 PALISADE AVENUE RIVERDALE NY 10471 204352212 FOUNDATION NY 501(c)(3) 7 NA false ELDERSERVE HEALTH INC 5901 PALISADE AVENUE RIVERDALE NY 10471 800517818 MANAGED CARE NY 501(c)(3) 10 RSHHC false RIVERSPRING HEALTH HOLDING CORP 5901 PALISADE AVENUE RIVERDALE NY 10471 270996795 Support Services NY 501(c)(3) Type I NA false NATIONAL ALZHEIMER'S CENTER INC 5901 PALISADE AVENUE RIVERDALE NY 10471 133403753 PROMOTE CARE NY 501(c)(3) Type I RSHHC false HUDSON HOUSE HOUSING DEVELOPMENT FUND CO 5901 PALISADE AVENUE RIVERDALE NY 10471 275547643 HOUSING NY 501(c)(3) 10 RSHHC false RIVERSPRING SERVICES CORP 5902 PALISADE AVENUE RIVERDALE NY 10471 461763915 Management Company NY 501(c)(3) Type II RSHHC false RIVERDALE TERRACE HOUSING DEVELOP FUND 5901 PALISADE AVENUE RIVERDALE NY 10471 132900256 HOUSING NY 501(c)(3) 10 RSHHC false false false false false false false false false false false true false true true false false false false false