Nonprofit · EIN 75-1555161
RIO CONCHO INC
Tax-exempt · SAN ANGELO, TX 76903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,040,971 | $6,259,428 | -$218,457 | $18,695,762 | $16,128,772 | $2,566,990 |
| December 31, 2024 | 990 | $5,500,039 | $5,870,684 | -$370,645 | $20,376,980 | $17,785,213 | $2,591,767 |
| December 31, 2023 | 990 | $5,077,490 | $5,994,086 | -$916,596 | $19,501,688 | $16,537,360 | $2,964,328 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,338
- Program service revenue
- $6,061,229
- Investment income
- $227,098
- Net gain from sales of assets
- $17,595
- Other revenue
- -$250,694
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $107,525
- Other salaries and wages
- $1,168,809
- Salaries, compensation and benefits (total)
- $1,529,682
- Professional fundraising fees
- $0
- Accounting fees
- $29,202
- Occupancy
- $480,462
- Travel
- $1,449
- Depreciation
- $993,948
- Program services (functional)
- $5,772,016
- Management and general (functional)
- $487,412
Balance sheet and other
- Total assets, start of year
- $20,376,980
- Total assets, end of year
- $18,695,762
- Total liabilities, end of year
- $16,128,772
- Net assets, end of year
- $2,566,990
- Land, buildings and equipment
- $13,784,792
- Publicly traded securities
- $3,738,266
- Net assets without donor restrictions
- $2,566,990
- Gross receipts
- $7,165,479
- Employees
- 66
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- TX
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH ELSASS | EXECUTIVE DIR. Trustee or director, Officer | 40 | $104,282 | $3,243 |
| GARY BOWEN | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| WILSON STOKES | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PAULA DOWLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JIM STANLEY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| WILL DOYLE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAT MALLOY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER FLORES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| LANCE LACY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG ALLCORN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRAVIS GRIFFITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| MARIBEL MORALES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| BOBBY TERRY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RONALD GRAHAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM VON GONTEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH ELSASS | EXECUTIVE DIR. Trustee or director, Officer | 40 | $103,760 | $3,175 |
| SANDY SPEED | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHERRI BALENTINE-TIPTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PAULA DOWLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GARY BOWEN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHARLA ADAM | TRUSTEE Trustee or director | 1 | $0 | $0 |
| PAT MALLOY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM ABBOTT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WAYNE MERRILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| GREG ALLCORN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TRAVIS GRIFFITH | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAUL LOPEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILSON STOKES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALLAS SWAFFORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM STANLEY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM VON GONTEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELISABETH ELSASS | EXECUTIVE DIR. Trustee or director, Officer | 40 | $103,281 | $3,175 |
| SANDY SPEED | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| SHERRI BALENTINE-TIPTON | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| PAULA DOWLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GARY BOWEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JOYCE SNEED | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| PAT MALLOY | TRUSTEE Trustee or director | 1 | $0 | $0 |
| TOM ABBOTT | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WAYNE MERRILL | TRUSTEE Trustee or director | 1 | $0 | $0 |
| KATHLEEN PRINCE | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DANIEL ORTEGA | TRUSTEE Trustee or director | 1 | $0 | $0 |
| RAUL LOPEZ | TRUSTEE Trustee or director | 1 | $0 | $0 |
| WILSON STOKES | TRUSTEE Trustee or director | 1 | $0 | $0 |
| DALLAS SWAFFORD | TRUSTEE Trustee or director | 1 | $0 | $0 |
| CHRISTINA ZITTING | TRUSTEE Trustee or director | 1 | $0 | $0 |
| JIM VON GONTEN | TRUSTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 401 RIO CONCHO DR, SAN ANGELO, TX 76903-5505
- Principal officer (990 for 2025)
- ELISABETH ELSASS, 401 RIO CONCHO DRIVE, SAN ANGELO, TX 76903
- Signed the 990
- ELISABETH ELSASS, EXECUTIVE DIRECTOR
- Phone
- (325) 655-9046
- Return prepared by
- OLIVER RAINEY & WOJTEK LLP
Mission
THE MISSION OF RIO CONCHO, INC. IS TO PROVIDE HOUSING FOR PERSONS 62 YEARS OF AGE AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES OF PATIO HOMES.
Program accomplishments
- PROVIDING HOUSING FOR PERSONS 62 YEARS OF AGE AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES OF PATIO HOMES.Expenses $5,772,016 · revenue $1,038,076
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1555161
- 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
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $18,695,762
- Income (IRS master file)
- $7,165,479
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,077,490 | $5,994,086 | $19,501,688 | IRS |
| 990 | December 2022 | $5,050,550 | $5,662,956 | $20,008,334 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about RIO CONCHO INC
- What is the EIN of RIO CONCHO INC?
- The employer identification number (EIN) of RIO CONCHO INC is 75-1555161.
- Is RIO CONCHO INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to RIO CONCHO INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIO CONCHO INC 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 RIO CONCHO INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIO CONCHO INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RIO CONCHO INC?
- The 990 for the year ended December 31, 2025 names ELISABETH ELSASS.
- Who are the officers and directors of RIO CONCHO INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $104,282 (ELISABETH ELSASS, EXECUTIVE DIR.).
- How much revenue does RIO CONCHO INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,040,971, expenses of $6,259,428 and total assets of $18,695,762 at year end.
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