Civic Intelligence

Riverside Study Center Inc.

990 • Fiscal year 2017 • EIN 13-3547523

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

330 Riverside DriveNew York, NY 10025

(212) 222-3285

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.06x

Higher debt load relative to assets than 51% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

54th percentile

0.09x

Higher debt load relative to revenue than 54% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

88%

Higher net margin than 96% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • NTEE X • $1M-$5M nonprofits • Source year 2017

Asset Growth

95th percentile

174%

Faster asset growth than 95% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

98th percentile

555%

Faster revenue growth than 98% of similar nonprofits.

2017 filings • NTEE X • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$3,222,309

Up $2,044,469 (+174%) from 2016

Net Assets

Up

$3,031,601

Up $1,875,647 (+162%) from 2016

Liabilities

Up

$190,708

Up $168,822 (+771%) from 2016

Revenue

Up

$2,132,817

Up $1,807,047 (+555%) from 2016

Expenses

Down

$257,169

Down $38,132 (-13%) from 2016

Net Income

Up

$1,875,648

Up $1,845,179 (+6056%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $1,197,561Liabilities 2010: $1,822Net Assets 2010: $1,195,7392010Assets 2011: $1,248,303Liabilities 2011: $24,400Net Assets 2011: $1,223,9032011Assets 2012: $1,237,409Liabilities 2012: $10,066Net Assets 2012: $1,227,3432012Assets 2013: $1,256,167Liabilities 2013: $756Net Assets 2013: $1,255,4112013Assets 2014: $1,191,698Liabilities 2014: $10,326Net Assets 2014: $1,181,3722014Assets 2015: $1,179,852Liabilities 2015: $24,534Net Assets 2015: $1,155,3182015Assets 2016: $1,177,840Liabilities 2016: $21,886Net Assets 2016: $1,155,9542016Assets 2017: $3,222,309Liabilities 2017: $190,708Net Assets 2017: $3,031,6012017Assets 2018: $6,740,285Liabilities 2018: $251,351Net Assets 2018: $6,488,9342018Assets 2019: $8,903,739Liabilities 2019: $0Net Assets 2019: $8,903,7392019Assets 2020: $14,759,262Liabilities 2020: $0Net Assets 2020: $14,759,2622020Assets 2021: $14,243,524Liabilities 2021: $43,600Net Assets 2021: $14,199,9242021Assets 2022: $13,916,331Liabilities 2022: $17,365Net Assets 2022: $13,898,9662022Assets 2023: $13,592,011Liabilities 2023: $40,120Net Assets 2023: $13,551,8912023Assets 2024: $13,237,141Liabilities 2024: $15,243Net Assets 2024: $13,221,8982024

Highlighted filing

2017

Assets$3,222,309
Liabilities$190,708
Net Assets$3,031,601

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $400,6312010Expenses 2011: $397,4392011Expenses 2012: $397,2722012Revenue 2013: $435,876Expenses 2013: $407,810Net Income 2013: $28,0662013Revenue 2014: $339,772Expenses 2014: $443,614Net Income 2014: -$103,8422014Revenue 2015: $310,345Expenses 2015: $336,395Net Income 2015: -$26,0502015Revenue 2016: $325,770Expenses 2016: $295,301Net Income 2016: $30,4692016Revenue 2017: $2,132,817Expenses 2017: $257,169Net Income 2017: $1,875,6482017Revenue 2018: $3,525,954Expenses 2018: $68,621Net Income 2018: $3,457,3332018Revenue 2019: $2,537,684Expenses 2019: $122,880Net Income 2019: $2,414,8042019Revenue 2020: $5,933,623Expenses 2020: $78,100Net Income 2020: $5,855,5232020Revenue 2021: $2,424,338Expenses 2021: $2,983,676Net Income 2021: -$559,3382021Revenue 2022: $428,272Expenses 2022: $729,230Net Income 2022: -$300,9582022Revenue 2023: $405,387Expenses 2023: $752,462Net Income 2023: -$347,0752023Revenue 2024: $428,036Expenses 2024: $758,029Net Income 2024: -$329,9932024

Highlighted filing

2017

Revenue$2,132,817
Expenses$257,169
Net Income$1,875,648
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.0
Gross Receipts
$2,132,938
Mission and Program Overview

Mission

Religious and educational

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,139,735$3,096,472▲ $1,956,737
Cash and Non-Interest-Bearing Accounts$36,792$116,596▲ $79,804
Accounts Receivable$1,313$9,241▲ $7,928
Savings and Temporary Cash Investments$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Prepaid Expenses and Deferred Charges$0--
Total Assets$1,177,840$3,222,309▲ $2,044,469
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$19,486$190,708▲ $171,222
Deferred Revenue$2,400--
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$21,886$190,708▲ $168,822
Net Assets / Fund Balance
Unrestricted Net Assets$1,155,954$3,031,601▲ $1,875,647
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,155,954$3,031,601▲ $1,875,647
Total Liabilities and Net Assets / Fund Balance$1,177,840$3,222,309▲ $2,044,469

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$878,507$556,931$0
Other Land Buildings$2,217,965$0$0
Land$0-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
John F CoverdaleDirector and President
Anthony McCarthyDirector & Vice-President
Michael A CoanDirector
Paul GallagherDirector & Treasurer
Luis M B CabralDirector and Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Best & CompanyGeneral contractor44-61 11th Street - 3rd Floor, Long Island City, NY 11101$918,408
Vva LLCArchitect589 Eighth Avenue - 12th Floor, New York, NY 10018$499,589
-Project Management117 E 31 Street, New York, NY 10016$120,330
Revenue and Support

Revenue Composition

Contributions and Grants
$1,911,116
Program Service Revenue
$161,622
Investment Income
$0
Other Revenue
$60,079
All Other Contributions
$1,911,116
Change in Net Assets
$1,875,648
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$257,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$145,064$6,400$0$151,464
Depreciation Depletion$30,410$3,289$0$33,699
Conferences and Meetings$12,240$0$0$12,240
Other Expenses$6,637$0$0$6,637
Travel$5,865$0$0$5,865
Information Technology$2,383$232$0$2,615
Insurance$1,681$187$0$1,868
Interest$220$180-$400
Office Expenses$0$108$0$108
Total Functional Expenses$246,773$10,396$0$257,169
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has Members who elect the Directors and make organizational decisions such as dissolution.

Form 990, Part VI, Section A, Line 7A

The organization has Members who elect the Directors.

Form 990, Part VI, Section A, Line 7B

The Members must approve major financial decisions of the Governing Body.

Form 990, Part VI, Section B, Line 11B

The draft of the Form 990 is sent to the Director for their comments before filing.

Form 990, Part VI, Section B, Line 12C

Oral communication of the President with appropriate persons.

Form 990, Part VI, Section B, Line 15

All Officers and Directors were uncompensated volunteers.

Form 990, Part VI, Section C, Line 19

Documents available upon request.

Filing and Contact Details

Filer

Filer Name
Riverside Study Center Inc
EIN
13-3547523
Phone
2122223285
Address
330 Riverside Drive, New York, NY 10025

Signing Officer

Name
John Coverdale
Title
President
Phone
2122976199
Signed
2018-05-15

Organization Details

Principal Officer
John Coverdale
Formed
1988
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding error

Financial Statement Notes

Schedule D, Part VI, Line 1E

Work in progress related to building renovation begun October 2017.

Raw XML AppendixShowing 400 of 529 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Religious and educational.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01155954
IRS990/NetAssetsOrFundBalancesEOYAmt03031601
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt060079
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt060079
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt06400
IRS990/OccupancyGrp/ProgramServicesAmt0145064
IRS990/OccupancyGrp/TotalAmt0151464
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0108
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt0108
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-1
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Food and housekeeping supplies
IRS990/OtherExpensesGrp/Desc1Supplies for chapel and activities
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt042273
IRS990/OtherExpensesGrp/ProgramServicesAmt16637
IRS990/OtherExpensesGrp/TotalAmt042273
IRS990/OtherExpensesGrp/TotalAmt16637
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrincipalOfficerNm0John Coverdale
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Provide residence for instructors
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0161622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0161622
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0The organization provided residential facilities for two priests and eight lay directors of the Catholic Prelature Opus Dei who conducted religious and educational activities both in the facility and at other locations. Beginning October 2017 renovation began on the facility, temporarily suspending residential services.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0209757
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0221745
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0141900
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0295301
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0183870
IRS990/PYRevenuesLessExpensesAmt030469
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0295301
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0325770
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01875648
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt060079
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt075800
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0124400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt078550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt089150
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0106325
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0474225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct00.94828
IRS990ScheduleA/PublicSupportTotal170Amt0474225
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt075800
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0124400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt078550
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt089150
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0106325
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0474225
IRS990ScheduleA/TotalSupportAmt0474225
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$0.02$13.2$0.43$0.76$0.33
2023Detailed filing. Detailed filing data is available for this year.$13.6$0.04$13.6$0.41$0.75$0.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.9$0.02$13.9$0.43$0.73$0.30
2021Detailed filing. Detailed filing data is available for this year.$14.2$0.04$14.2$2.42$2.98$0.56
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.8$0.00$14.8$5.93$0.08$5.86
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.90$0.00$8.90$2.54$0.12$2.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.74$0.25$6.49$3.53$0.07$3.46
2017Detailed filing. Detailed filing data is available for this year.$3.22$0.19$3.03$2.13$0.26$1.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.02$1.16$0.33$0.30$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.02$1.16$0.31$0.34$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.01$1.18$0.34$0.44$0.10
2013Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.44$0.41$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.24$0.01$1.23$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$0.02$1.22$0.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$0.00$1.20$0.40