COMMON MAPS
Map version new-york activity top-down
Main site Contact
Menu
↑ parent activity group ·
research dossier

RIVERTOWN HOUSING DEVELOPMENT FUND
ATHENS, NY · EIN 222767974 · Form 990 · FY2024 · NTEE L22Z · Housing & Shelter · Small ($100K-$1M) · rivertownhousing.org
revenue
$410K
expenses
$485K
net assets
$-1.3M
employees
4
program ratio
81%
mission · from form 990

LOW-INCOME SENIOR HOUSING - TO OWN, OPERATE, AND MANAGE SENIOR CITIZEN APARTMENT PROJECTS UNDER FMHA GUIDELINES - 52 UNITS.

profile · synthesized from sources

Rivertown Housing Development Fund owns and operates affordable senior housing in Athens, New York, providing 52 units across two complexes for low-income seniors and disabled individuals. The organization manages rental units under federal guidelines, ensuring residents pay no more than 30% of their adjusted gross income for rent and utilities. Properties include community amenities such as a community room, computer access, gardens, and on-site services.

named programs · 1 · from sources

What they call their work

Rivertown Senior Apartments
Owns and manages 52 affordable housing units for seniors and disabled individuals in two complexes in Athens, NY, with supportive amenities and income-based rent
activities · 2 groups

What they do

  • Affordable Housing Development and Management 1 activity
    • Operation of senior housing properties
      Owns, operates, and manages senior citizen apartment projects in Athens, NY, consisting of 52 units across two properties: 24 garden apartments with individual entrances and landscaped gardens, and 28 one-bedroom units in a two-story building, all under FMHA guidelines.
  • Low-Income Senior Housing Operations 1 activity
    • Provision of community amenities for senior residents
      Provides access to community conveniences within walking distance and maintains a community vegetable garden as part of the senior housing complex amenities at Rivertown Senior Apartments.
financials · form 990 · fy2024
revenue
Total revenue$410K
Contributions & grants$189K46%
Program service revenue$163K40%
Investment income$2650%
Other revenue$58K
expenses
Total expenses$485K
Program expenses81%
Admin / overhead19%
Fundraising0%
Salaries & benefits$102K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$1.87M
Cash$320K
Investments$0
Liabilities$3.16M
Net assets$-1.30M
Liquid reserves7.9 mo
4 years on record · 2020–2024 · YoY revenue +4.6%
leadership · form 990 part vii · fy2024

Who runs it

board members · 6
  • BARBARA IRACI — SECRETARY
  • ED BLOOMER — TRUSTEE/DIRE
  • MARY BRANDOW — TREASURER
  • PAUL SALVINO — PRESIDENT
  • RICHARD GOLDEN — VICE PRESIDE
  • TAMI BONE — TRUSTEE/DIRE
relationships · 2

Who they work with

  • FMHA Government — Federal agency under whose guidelines the organization owns, operates, and manages senior housing projects.
  • Rivertown Senior Center and Nutrition Site Partner — Adjacent service provider offering senior-focused programs and nutrition services.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Housing-First for Seniors
    methodology: housing_first
    By providing affordable, income-restricted senior housing in accessible, community-integrated settings, we promote independence and sustained tenancy among low-income older adults because stable, predictable housing reduces displacement risk and supports aging in place.