Rio Concho Inc

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

EIN: 751555161 ✦ San angelo, TX ✦ Designated as a 501(c)(3)

Overview

What is Rio Concho Inc?

Rio Concho Inc is a nonprofit organization situated in San Angelo, Texas, specifically at 401 RIO CONCHO DRIVE. Their primary mission is to offer housing solutions for individuals aged 62 years and above. They accomplish this through the rental of apartments and the provision of lifetime leases for patio homes. With a dedicated workforce of 53 employees, Rio Concho Inc is committed to improving the living conditions of the elderly population in their community. By offering secure and comfortable housing, the organization aims to enhance the quality of life for senior citizens.


Official website here: www.rioconcho.com

Is Rio Concho Inc legitimate?

Rio Concho Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rio Concho Inc 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: $108,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,074,175

For more financial information, click here


Official website here: www.rioconcho.com

What is the mission statement of Rio Concho Inc?

Rio Concho Inc, as a mission, focuses on providing housing solutions for individuals who have reached the age of 62. This is achieved through the rental of apartments and the offering of lifetime leases for patio homes. The organization's primary goal is to ensure the availability of suitable living spaces for this age group, thereby contributing to their comfort and security. By offering these housing options, Rio Concho Inc aims to enhance the lives of older adults, providing them with a stable living environment.


Official website here: www.rioconcho.com

Who is the CEO of Rio Concho Inc?

Elisabeth Elsass is the Executive Dir. of Rio Concho Inc.


Official website here: www.rioconcho.com

What is the revenue of Rio Concho Inc?

Rio Concho Inc's revenue in 2022 was $5,050,550.


Official website here: www.rioconcho.com

Who are the executives of Rio Concho Inc and what are their salaries?

The average compensation at Rio Concho Inc during 2022 was $22,311. There are 53 employees and 15 volunteers at Rio Concho Inc.

Here are 15 key members and their salaries:

    Elisabeth Elsass (Executive Dir.) [Trustee/Director]
  • Compensation: $105,034
  • Related: $0
  • Other: $3,254

    • Jim Stanley (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Adam (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sandy Speed (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paula Dowler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joyce Sneed (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherri Balentine-Tipton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Abbott (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wayne Merrill (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Prince (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brett Nikolauk (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Raul Lopez (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Millican (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dallas Swafford (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Christina Zitting (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.rioconcho.com

    Where can I find the form 990 for Rio Concho Inc?

    The Rio Concho Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.rioconcho.com

    Learn more at the official website: www.rioconcho.com

    Mission Statement of Rio Concho Inc

    Rio Concho Inc, a nonprofit organization, is committed to providing housing solutions for individuals who have reached the age of 62. They accomplish this through the rental of apartments and the offering of lifetime leases for patio homes. The mission of Rio Concho Inc is to ensure that senior citizens have a secure and comfortable living environment, providing them with the peace of mind they deserve in their later years. By providing these housing options, Rio Concho Inc is able to contribute to the well-being of the elderly community, allowing them to maintain their independence and quality of life.

    Impact

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




    Saturday, July 20, 2024

    Rio Concho Inc's impact is significant in providing housing solutions for individuals aged 62 and older through apartment rentals and lifetime leases of patio homes. By focusing on this specific demographic, the organization plays a crucial role in meeting the housing needs of seniors in San Angelo, Texas. The provision of suitable housing options for older individuals ensures they can enjoy a comfortable and secure living environment while maintaining independence and quality of life. Through their mission-driven approach, Rio Concho Inc contributes to enhancing the well-being and quality of life of seniors in the community, addressing a critical aspect of aging with dignity and respect.





    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: $262,778
  • Program Service Revenue: $5,044,516
  • Gross Receipts: $6,385,646

    • Assets and Liabilities:
  • Total Assets: $20,008,334
  • Total Liabilities: $16,404,888
  • Net Assets: $3,603,446
  • Programs

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

    SERVICE/MAINTENANCE FEES

    Revenue

    $1,996,681

    AMORTIZATION OF COST FEES

    Revenue

    $1,771,994

    DWELLING RENT

    Revenue

    $1,111,127

    MANAGEMENT FEE

    Revenue

    $127,576

    AMORTIZATION OF DEPOSITS

    Revenue

    $37,138

    Organization Details

    Founding Year

    1977

    Principal Officer

    Elisabeth Elsass

    Main Address

    401 RIO CONCHO DRIVE, SAN ANGELO, TX, 76903

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Rio Concho Inc 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.