2025-08-13T07:56:49+00:00 2024-09-30 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2023-10-01 260821403 Ridgecrest at Richfield RIDG 5403804500 3730 Richfield Lance Salem VA 24153 MARY CLEMENTS CFO 2025-08-13 true true Amy Bibby P00445891 8282542254 2025-08-13 2023 2025-03-06 01:10:19Z MARY CLEMENTS 3730 Richfield Lance Salem VA 24153 1253444 false X WWW.RICHFIELDLIVING.COM X 2008 VA TO PROVIDE INDEPENDENT, AFFORDABLE, HIGH-QUALITY HOUSING AND RELATED AMENITIES AND SERVICES FOR SENIOR INDIVIDUALS AND FAMILIES OF THE GREATER ROANOKE VALLEY. 4 4 9 6 0 0 0 0 1238785 1149314 505 104130 0 0 1239290 1253444 0 0 0 0 187938 176542 0 0 0 895020 949431 1082958 1125973 156332 127471 2232628 2264975 2253816 2158692 -21188 106283 TO PROVIDE INDEPENDENT, AFFORDABLE, HIGH-QUALITY HOUSING AND RELATED AMENITIES AND SERVICES FOR SENIOR INDIVIDUALS AND FAMILIES OF THE GREATER ROANOKE VALLEY. false false 820294 1149314 OPERATION OF AN AFFORDABLE HOUSING COMPLEX FOR SENIOR AND DISABLED INDIVIDUALS AND FAMILIES. 820294 true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 9 true false false false false false false false false false false false false X 4 4 false false true false false false false true true false false false true true true true true true true false X Autumn Visser 5409837530 3730 Richfield Lane Salem VA 24153 David Thornhill Director 2.0 2.0 X 0 0 0 Donnovan Young Director 2.0 2.0 X 0 0 0 Kirtesh Patel Director 2.0 2.0 X 0 0 0 Sydney Nordt Director 2.0 2.0 X 0 0 0 George Zubrod CEO 2.0 40.0 X 0 32550 0 Mary P Clements CFO 2.0 40.0 X 0 285968 19183 Tonya Woolwine Executive/Corp Secretary 2.0 40.0 X 0 160200 31312 0 478718 50495 0 false true false 0 0 HUD HOUSING ASSISTANCE 623000 540675 540675 RENTAL INCOME TENANTS 623000 528623 528623 OTHER TENANT REVENUE 623000 80016 80016 0 0 0 0 1149314 4130 4130 0 0 100000 0 100000 100000 100000 0 0 0 0 0 1253444 1149314 0 104130 142773 99652 43121 71 71 16729 16729 16969 13821 3148 81166 73049 8117 58119 58119 70155 70155 0 0 0 0 7370 3655 3715 17328 5198 12130 356070 302660 53410 3432 3432 205667 174817 30850 Tenant amenities 18351 18351 Miscellaneous 3704 3704 Repairs and maintenance 128069 108859 19210 0 0 0 0 1125973 820294 305679 0 234091 351686 4958 23051 0 0 23062 60500 7551164 6291768 1429996 1259396 0 0 540521 570342 2232628 2264975 107886 56572 0 25639 0 1939477 1875165 206453 201316 2253816 2158692 X -21188 106283 -21188 106283 2232628 2264975 127471 0 X X false true X true true true X 0 1088513 1099482 1252517 1238785 1149314 5828611 0 0 0 1088513 1099482 1252517 1238785 1149314 5828611 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5828611 599 317 347 505 4130 5898 0 599 317 347 505 4130 5898 0 0 0 0 0 0 0 1089112 1099799 1252864 1239290 1153444 5834509 0.9990 0.9996 0 0.0004 X 71901 71901 3952469 3324929 627540 1067660 898146 169514 2155140 1812965 342175 303994 255728 48266 1259396 Escrows and Reserves 517787 Tenant Security Deposits 52555 570342 Due to Affiliates 129035 Tenant Security Deposits 52555 capital lease obligation 19726 201316 X 1253444 0 0 1253444 0 0 1253444 1125973 0 0 1125973 0 0 1125973 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Project is exempt from federal and state income tax under Section 501(c)(3) of the Internal Revenue Code; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The Project has determined that it does not have any material unrecognized tax benefits or obligations as of September 30, 2024. false false false false false false false false false Mary P Clements CFO 0 185000 0 100968 0 0 0 10993 0 8190 0 305151 0 0 Tonya Woolwine Executive/Corp Secretary 0 78000 0 82200 0 0 0 12410 0 18902 0 191512 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation COMPENSATION FOR TOP MANAGEMENT IS DETERMINED BY THE EXECUTIVE COMMITTEE OF Richfield Living's BOARD OF DIRECTORS. Form 990, Part VI, Line 15 The Executive Committee of the Board of Directors has responsibility for hiring, evaluating and terminating the CEO. The Committee works with Human Resources to determine the CEO position's benchmark compensation range. The Committee meets at least annually to evaluate the CEO and adjust his/her salary-based compensation within the salary range. The Committee also sets annual performance goals (key result areas - KRAs) that are used to determine variable compensation for the CEO and meets in October to determine if those were met and then recommends variable compensation accordingly. Form 990, Part VI, Line 4 Significant changes to organizational documents Richfield Winddown Committee disbanded - All duties to the Chair - David Thornhill. Form 990, Part VI, Line 11b Review of form 990 by governing body 990 drafts are reviewed by Mary Clements (CFO) who then sends them to David Thornhill for review and acceptance before being filed. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION ANNUALLY REQUIRES ITS BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES TO COMPLETE A WRITTEN QUESTIONNAIRE DISCLOSING POTENTIAL CONFLICTS OF INTEREST. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XII, Line 2c Change of oversight process or selection process THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RICHFIELD LIVING 3730 RICHFIELD LANE SALEM VA 24153 540534606 NURSING SERVICES AND ELDER HOUSING VA 501(c)(3) 11 NA false false false false false true false false false false false false false true false false false false false false