Nonprofit · EIN 23-7259966
RIVERTON COMMUNITY HOUSING
Tax-exempt · MINNEAPOLIS, MN 55414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $9,230,464 | $7,228,633 | $2,001,831 | $50,404,728 | $44,190,429 | $6,214,299 |
| September 30, 2024 | 990 | $6,506,785 | $6,169,266 | $337,519 | $48,131,968 | $43,929,906 | $4,202,062 |
| September 30, 2023 | 990 | $6,444,149 | $6,504,938 | -$60,789 | $50,682,600 | $46,368,411 | $4,314,189 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $6,386,307
- Investment income
- $2,648,105
- Net rental income
- $146,154
- Net gain from sales of assets
- $2,475,230
- Other revenue
- $196,052
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $292,510
- Other salaries and wages
- $1,245,082
- Salaries, compensation and benefits (total)
- $1,809,221
- Professional fundraising fees
- $0
- Legal fees
- $449
- Accounting fees
- $37,000
- Depreciation
- $1,562,638
- Program services (functional)
- $5,649,410
- Management and general (functional)
- $1,579,223
Balance sheet and other
- Total assets, start of year
- $48,131,968
- Total assets, end of year
- $50,404,728
- Total liabilities, end of year
- $44,190,429
- Net assets, end of year
- $6,214,299
- Land, buildings and equipment
- $39,831,179
- Net assets without donor restrictions
- $6,214,299
- Gross unrelated business income
- $173,108
- Gross receipts
- $9,655,234
- Employees
- 22
- Volunteers
- 14
- Year formed
- 1972
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY NOVAK | EXECUTIVE DIRECTOR Officer | 40 | $173,678 | $9,063 |
| KARYN ZWEIG | DIRECTOR OF HOUSING Highest-paid employee | 40 | $104,005 | $5,764 |
| JEFF BENNETT | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JOAN BENNETT | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| BRIAN DUSBIBER | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| ACACIA BARD | BOARD VICE PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| JAREN JOHNSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JASON KENLEY | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| NEIL KOLATKAR | BOARD SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| RYAN NESTINGEN | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| LIBBY LOGSDEN | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| COURTNEY OVERBY | BOARD PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| TOM PIERSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| ANDY WOLLE | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| MICHAEL COPA | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RHYS MACPHERSON | BOARD MEMBER Trustee or director | 2.5 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY NOVAK | EXECUTIVE DIRECTOR Officer | 40 | $162,760 | $8,298 |
| KARYN ZWEIG | DIRECTOR OF HOUSING Highest-paid employee | 40 | $102,015 | $5,242 |
| JEFF BENNETT | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JOAN BENNETT | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| MICHAEL COPA | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| BRIAN DUSBIBER | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| ACACIA BARD | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JAREN JOHNSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JASON KENLEY | PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| NEIL KOLATKAR | VICE PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| RHYS MACPHERSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| RYAN NESTINGEN | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| LIBBY LOGSDEN | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| COURTNEY OVERBY | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| TOM PIERSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| ANDY WOLLE | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| MICHAEL SHEPARD | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
990 for the year ended September 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARY NOVAK | EXECUTIVE DI Officer | 40 | $156,194 | $18,112 |
| KARYN ZWIEG | DIRECTOR OF Highest-paid employee | 40 | $100,124 | $0 |
| JASON KENLEY | PRESIDENT Trustee or director, Officer | 2.5 | $0 | $0 |
| MICHAEL SHEPARD | VICE PRESIDE Trustee or director, Officer | 2.5 | $0 | $0 |
| ANDY WOLLE | TREASURER Trustee or director, Officer | 2.5 | $0 | $0 |
| COURTNEY OVERBY | SECRETARY Trustee or director, Officer | 2.5 | $0 | $0 |
| ALYSSA BRAATEN | BOARD MEM. T Trustee or director | 2.5 | $0 | $0 |
| MICHAEL COPA | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| BRIAN DUSBIBER | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JAREN JOHNSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| NEIL KOLATKAR | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| RACHEL RICE | BOARD MEM TH Trustee or director | 2.5 | $0 | $0 |
| MOLLY RUTZICK | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| TOM PIERSON | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| KIT FORDHAM | BOARD MEM TH Trustee or director | 2.5 | $0 | $0 |
| RYAN HAMPTON | BOARD MEM TH Trustee or director | 2.5 | $0 | $0 |
| RYAN NESTINGEN | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| JOAN BENNETT | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| ACACIA GALLE | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
| LIBBY LOGSDEN | BOARD MEMBER Trustee or director | 2.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 425 13TH AVENUE SE, MINNEAPOLIS, MN 55414-2065
- Principal officer (990 for 2024)
- MARY NOVAK, 425 13TH AVENUE SE, MINNEAPOLIS, MN 55414
- Signed the 990
- MARY NOVAK, EXECUTIVE DIRECTOR
- Phone
- (612) 331-3911
- Website
- WWW.RIVERTON.ORG
- Return prepared by
- MAHONEY ULBRICH CHRISTIANSEN & RUSS PA
Mission
CREATE AND FOSTER A QUALITY LIVING EXPERIENCE WITH A DEDICATION TO OPERATING COOPERATIVE HOUSING THROUGH A NONPROFIT AND DEMOCRATIC MODEL.
Program accomplishments
- PROVIDE 578 QUALITY BELOW MARKET HOUSING UNITS IN 6 COOPERATIVES. RIVERTON WORKS TO OPERATE COOPERATIVE PROPERTIES EFFICIENTLY WHILE KEEPING SUSTAINABILITY AND HOUSING QUALITY IN MIND. MANAGING IN A WAY THAT MEETS THE MISSION OF THE ORGANIZATION IN ORDER TO KEEP RENTS BELOW MARKET AS MUCH AS POSSIBLE WHILE BALANCING THE NEEDS OF THE COOPERATIVE COMMUNITY FOR THE FUTURE IS AN IMPORTANT ACCOMPLISHMENT.Expenses $5,630,741 · revenue $6,409,251
- CO-OP MEMBER ENGAGEMENT - COLLABORATING WITH THE 6 CO-OP COMMUNITIES LEADERSHIP STRUCTURES, PROVIDING EDUCATIONAL, LEADERSHIP AND GROWTH EXPERIENCE FOR RESIDENTS TO INCREASE COMMUNITY ENGAGEMENT AND GROW PERSONAL SKILLSETS IS A STRONG PART OF THE WORK. PROVIDING SUPPORT FOR COOPERATIVE MEMBERS TO BE CIVICALLY INVOLVED IN THEIR IMMEDIATE AND SURROUNDING COMMUNITIES THROUGH A DEMOCRATIC MODEL IS A KEY TO THIS WORK.Expenses $18,669
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7259966
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1973
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $50,404,728
- Income (IRS master file)
- $9,655,234
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $9,230,464 | $7,228,633 | $50,404,728 | IRS |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $6,506,785 | $6,169,266 | $48,131,968 | IRS |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $6,444,149 | $6,504,938 | $50,682,600 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $6,168,719 | $5,840,454 | $51,048,944 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7259966).
Questions about RIVERTON COMMUNITY HOUSING
- What is the EIN of RIVERTON COMMUNITY HOUSING?
- The employer identification number (EIN) of RIVERTON COMMUNITY HOUSING is 23-7259966.
- Is RIVERTON COMMUNITY HOUSING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1973.
- Are donations to RIVERTON COMMUNITY HOUSING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIVERTON COMMUNITY HOUSING file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIVERTON COMMUNITY HOUSING due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIVERTON COMMUNITY HOUSING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of RIVERTON COMMUNITY HOUSING?
- The 990 for the year ended September 30, 2025 names MARY NOVAK.
- Who are the officers and directors of RIVERTON COMMUNITY HOUSING?
- The 990 for the year ended September 30, 2025 lists 16 people; 2 received compensation from the organization, the highest $173,678 (MARY NOVAK, EXECUTIVE DIRECTOR).
- How much revenue does RIVERTON COMMUNITY HOUSING have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $9,230,464, expenses of $7,228,633 and total assets of $50,404,728 at year end.
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