Civic Intelligence

Rivertree Apartments Inc

EIN 31-1552940 • 501(c)3 • Medford, OR

Profile

AFFORDABLE HOUSING

Refreshing map…

2251 Table Rock RoadMedford, OR 97501

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.06x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.17x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$269,168

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 141.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

32nd percentile

-3.3%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

55th percentile

9.9%

Faster revenue growth than 55% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$518,506

Down $95,628 (-16%) from 2022

Liabilities

Down

$33,011

Down $5,641 (-15%) from 2022

Net Assets

Down

$485,495

Down $89,987 (-16%) from 2022

Revenue

Up

$190,198

Up $19,260 (+11%) from 2022

Expenses

Up

$212,792

Up $8,399 (+4.1%) from 2022

Net Income

Up

-$22,594

Up $10,861 (+32%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2010: $702,250Liabilities 2010: $146,520Net Assets 2010: $555,7302010Assets 2012: $659,868Liabilities 2012: $120,812Net Assets 2012: $539,0562012Assets 2013: $629,691Liabilities 2013: $89,832Net Assets 2013: $539,8592013Assets 2014: $605,540Liabilities 2014: $55,614Net Assets 2014: $549,9262014Assets 2015: $587,767Liabilities 2015: $23,141Net Assets 2015: $564,6262015Assets 2016: $599,282Liabilities 2016: $16,752Net Assets 2016: $582,5302016Assets 2017: $618,141Liabilities 2017: $17,884Net Assets 2017: $600,2572017Assets 2018: $664,676Liabilities 2018: $17,134Net Assets 2018: $647,5422018Assets 2019: $650,977Liabilities 2019: $18,783Net Assets 2019: $632,1942019Assets 2020: $654,448Liabilities 2020: $21,066Net Assets 2020: $633,3822020Assets 2021: $627,541Liabilities 2021: $18,604Net Assets 2021: $608,9372021Assets 2022: $614,134Liabilities 2022: $38,652Net Assets 2022: $575,4822022Assets 2024: $518,506Liabilities 2024: $33,011Net Assets 2024: $485,4952024

Highlighted filing

2024

Assets$518,506
Liabilities$33,011
Net Assets$485,495

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2010: $163,5022010Expenses 2012: $173,5362012Revenue 2013: $163,170Expenses 2013: $162,367Net Income 2013: $8032013Revenue 2014: $163,710Expenses 2014: $153,643Net Income 2014: $10,0672014Revenue 2015: $158,649Expenses 2015: $143,949Net Income 2015: $14,7002015Revenue 2016: $157,491Expenses 2016: $139,587Net Income 2016: $17,9042016Revenue 2017: $163,418Expenses 2017: $145,691Net Income 2017: $17,7272017Revenue 2018: $211,806Expenses 2018: $164,521Net Income 2018: $47,2852018Revenue 2019: $162,989Expenses 2019: $178,337Net Income 2019: -$15,3482019Revenue 2020: $164,444Expenses 2020: $163,256Net Income 2020: $1,1882020Revenue 2021: $168,306Expenses 2021: $192,751Net Income 2021: -$24,4452021Revenue 2022: $170,938Expenses 2022: $204,393Net Income 2022: -$33,4552022Revenue 2024: $190,198Expenses 2024: $212,792Net Income 2024: -$22,5942024

Highlighted filing

2024

Revenue$190,198
Expenses$212,792
Net Income-$22,594

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$0.33$4.85$1.90$2.13$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.14$0.39$5.75$1.71$2.04$0.33
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$0.19$6.09$1.68$1.93$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.54$0.21$6.33$1.64$1.63$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.51$0.19$6.32$1.63$1.78$0.15
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.65$0.17$6.48$2.12$1.65$0.47
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.18$0.18$6.00$1.63$1.46$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.99$0.17$5.83$1.57$1.40$0.18
2015Detailed filing. Detailed filing data is available for this year.$5.88$0.23$5.65$1.59$1.44$0.15
2014Detailed filing. Detailed filing data is available for this year.$6.06$0.56$5.50$1.64$1.54$0.10
2013Detailed filing. Detailed filing data is available for this year.$6.30$0.90$5.40$1.63$1.62$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.60$1.21$5.39$1.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.02$1.47$5.56$1.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 29, 2025
Return Version
2024v5.0
Gross Receipts
$190,198
Mission and Program Overview

Mission

AFFORDABLE HOUSING.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$349,411$321,113▼ $28,298
Prepaid Expenses and Deferred Charges$6,469$7,318▲ $849
Accounts Receivable$4,889$3,911▼ $978
Cash and Non-Interest-Bearing Accounts$390$2,521▲ $2,131
Total Assets$535,952$518,506▼ $17,446
Other Assets Total$174,793$183,643▲ $8,850
Liabilities
Other Liabilities$14,633$17,728▲ $3,095
Accounts Payable and Accrued Expenses$13,230$15,283▲ $2,053
Total Liabilities$27,863$33,011▲ $5,148
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$508,089$485,495▼ $22,594
Total Net Assets Fund Balance$508,089$485,495▼ $22,594
Total Liabilities and Net Assets / Fund Balance$535,952$518,506▼ $17,446

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$20,114$700,760$720,874
Land$251,431-$251,431
Leasehold Improvements$49,568$14,706$64,274
Other Assets Org$16,333--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Jason ElzyExecutive Di$269,168$269,168
Ryan HaynesDevelopment$176,845$176,845
Cara CarterDirector of$163,235$163,235
Brian ConoverFin. Directo$148,834$148,834

Board Members and Trustees

NameTitle
Rosemary HernleinChairperson
Lori MagelVice-chairpe
Ryan HaynesDevelopment Director
Jay StormbergDirector
Milan HansonDirector
Pat StoddardDirector
Teresa GaglioDirector
Therese MacgregorDirector
Cara CarterDirector of Hsg Ops
Jason ElzyExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$190,006
Investment Income
$192
Other Revenue
$0
Change in Net Assets
$-22,594
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$151,316
Salaries, Compensation, and Employee Benefits$61,476
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,823--$43,823
Depreciation Depletion$28,298--$28,298
Fees for Services Management-$20,203-$20,203
Other Employee Benefits$17,653--$17,653
Insurance$13,787--$13,787
All Other Expenses$12,328--$12,328
Other Expenses$9,524--$9,524
Fees for Services Accounting-$3,000-$3,000
Fees for Services Legal-$100-$100
Travel$5--$5
Total Functional Expenses$189,489$23,303$0$212,792
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants Security Deposits$16,333
Prepaid Rent$1,395
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is reviewed by the director of finance for approval.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflic of interest policy, and financial statements are made avaliable for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Rivertree Apartments Inc
EIN
31-1552940
Phone
5417795785
Address
2251 TABLE ROCK ROAD, MEDFORD, OR 97501

Signing Officer

Name
Jason Elzy
Title
Executive Director
Phone
5417795785
Signed
2025-07-29

Organization Details

Principal Officer
Jason Elzy
Formed
1996
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
LOVERIDGE HUNT & CO CPA'S
Address
14725 SE 36TH ST STE 401, BELLEVUE, WA 98006-1682
Preparer
Craig T Leong
Phone
4254532088
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Operation of 27 units of low income housing.

Raw XML AppendixShowing 400 of 636 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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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0700760
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0251431
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt049568
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt014706
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt064274
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt099518
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt167792
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt216333
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt016333
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2142781
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt123777
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt220454
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JASON ELZY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1RYAN HAYNES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2CARA CARTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DEVELOPMENT DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR OF HSG OPS
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1176845
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPERATION OF 27 UNITS OF LOW INCOME HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLIC OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVALIABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0OR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1OR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2OR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd3OR
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