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Ring House Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521491121 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

Overview

What is Ring House Corporation?

Ring House Corporation is a nonprofit organization situated in Rockville, Maryland, dedicated to providing quality independent living for seniors. They offer a range of amenities, including nutritious meals, on-site medical and rehabilitative services, and transportation for shopping and cultural events. Their mission mirrors Jewish values, enriching the lives of residents while offering subsidized apartments to those with lower income levels. At Ring House, seniors enjoy a supportive environment with various cultural and social activities, a fitness center, Internet access, and 24-hour security. The organization prides itself on its continuous evolution, fostered by community involvement and support.


Official website here: www.smithlifecommunities.org

Is Ring House Corporation legitimate?

Ring House Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ring House Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $641,564

For more financial information, click here


Official website here: www.smithlifecommunities.org

What is the mission statement of Ring House Corporation?

Ring House Corporation's mission is centered around providing high-quality independent residential living for a diverse income range within the community. This living arrangement aims to enrich the lives of its residents and upholds Jewish values. At Ring House, 40% of the apartments are subsidized, ensuring accessibility for low to moderate income seniors who might otherwise be excluded. Residents here benefit from a nourishing meal plan, on-site medical and rehabilitation services, a supportive environment that encourages independence, and a variety of cultural and social programs, transportation, security, fitness facilities, and Internet access. The organization's commitment to Jewish values lies in its respect and honor for the elderly, as well as providing kosher meals. Ring House is part of Charles E. Smith Life Communities and has been able to continually evolve through community involvement and support.


Official website here: www.smithlifecommunities.org

Who is the CEO of Ring House Corporation?

Bruce J Lederman is the President/Ceo of Ring House Corporation. The CEO's salary of Ring House Corporation is $0 and their total compensation is $188,755.


Official website here: www.smithlifecommunities.org

What is the revenue of Ring House Corporation?

Ring House Corporation's revenue in 2022 was $8,604,190.


Official website here: www.smithlifecommunities.org

Who are the executives of Ring House Corporation and what are their salaries?

The average compensation at Ring House Corporation during 2022 was $30,551. There are 21 employees and 13 volunteers at Ring House Corporation.

Here are 17 key members and their salaries (Ring House Corporation's CEO's salary is $0 and their total compensation is $188,755):

    Bruce J Lederman (President/Ceo)
  • Compensation: $0
  • Related: $649,886
  • Other: $71,472

    • Terri Tanner-Hill (Exec Vp Fin/Cfo)
  • Compensation: $0
  • Related: $454,337
  • Other: $47,504

    • Warren Slavin (Ceo Emeritus/Sr Advisor)
  • Compensation: $0
  • Related: $180,652
  • Other: $8,103

    • Simone Brock (Exec Dir, Ring)
  • Compensation: $112,566
  • Related: $0
  • Other: $0

    • Aaron M Rulnick (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Joseph (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard S Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Seth J Meyers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samantha Gordon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Stape (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew D Schwartz (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Isaac Reitberger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mitchell A Yentis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan M Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Becker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David S Karp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Todd Reinstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.smithlifecommunities.org

    Where can I find the form 990 for Ring House Corporation?

    The Ring House Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.smithlifecommunities.org

    Learn more at the official website: www.smithlifecommunities.org

    Mission Statement of Ring House Corporation

    Ring House Corporation, a nonprofit organization, is committed to providing high-quality independent residential living for seniors from various income levels within the community. This mission is designed to enrich the lives of its residents and uphold Jewish values. At Ring House, 40% of the apartments are subsidized, ensuring affordable housing for low to moderate income seniors who might otherwise struggle to reside in such an exceptional community.

    Residents at Ring House benefit from a nurturing environment that caters to their needs. Daily meals, including breakfast and dinner, are served, accompanied by access to medical and rehabilitation services. The supportive environment fosters independence, with a plethora of cultural and social programs, bus transportation, 24-hour security, a fitness center, and Internet access available. The organization's mission is deeply rooted in Jewish values, which honor and respect the elderly. Moreover, Ring House provides kosher meals, reflecting its commitment to these values.

    In summary, Ring House Corporation is a nonprofit organization that provides affordable, high-quality independent living for seniors from diverse income backgrounds. The mission of Ring House is to enrich the lives of its residents while upholding Jewish values, offering essential services such as daily meals, medical and rehabilitation services, and a supportive environment that fosters independence.

    Impact

    This information is meant to be a general summary of Ring House Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Ring House Corporation's impact is significant in providing high-quality independent residential living to seniors in the community, enriched with Jewish values. Through its mission, Ring House Corporation offers a range of services and amenities aimed at enhancing the lives of its residents. These include on-site medical and rehabilitative services, bus transportation to shopping and cultural events, and various activities promoting mental and physical well-being. Additionally, Ring House Corporation allocates 40% of its apartments at or below market rates for low to moderate income seniors, ensuring that a diverse range of individuals have access to this exceptional living environment. With a focus on honoring and respecting elders, providing kosher meals, and fostering independence, Ring House Corporation plays a crucial role in supporting seniors in need of a supportive and enriching living space.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $225,141
  • Program Service Revenue: $8,202,527
  • Gross Receipts: $8,604,190

    • Assets and Liabilities:
  • Total Assets: $28,283,893
  • Total Liabilities: $12,790,888
  • Net Assets: $15,493,005
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    FOOD REVENUE

    Revenue

    $90,896

    LAUNDRY/VENDING INCOME

    Revenue

    $6,169

    RENTAL INCOME

    Revenue

    $8,105,462

    Organization Details

    Founding Year

    1986

    Principal Officer

    Bruce J Lederman

    Main Address

    6121 MONTROSE ROAD, ROCKVILLE, MD, 20852

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Ring House Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.