Riverside Charitable Corp
Riverside Charitable Corporation is a 501(c)(3) nonprofit founded in 1988 that develops and operates affordable housing for low-income families, seniors, homeless individuals, and people with disabilities across 157 properties and 19,869 units in six U.S. states.
- Company typePrivate
- Founded1988
- HeadquartersTustin, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
What Riverside Charitable Corp does
Riverside Charitable Corporation (RCC) is a 501(c)(3) Nonprofit Public Benefit Corporation founded in 1988 and headquartered in Tustin, California. The organization develops, preserves, and operates social- and educational-service-enriched affordable housing for low-income individuals and families. As of the most recent reporting, RCC's portfolio comprises 19,869 affordable housing units across 157 properties spanning six states — California, New Jersey, New York, North Carolina, Pennsylvania, and Washington — with concentration in California.
RCC's portfolio addresses four resident segments: low-income families, seniors aged 55 and older, individuals and families experiencing homelessness, and people with mental, developmental, and physical disabilities. For seniors, the organization operates a branded 'Thriving in Place' philosophy that combines affordable housing with on-site supportive services to enable aging in safe, community-oriented environments. Resident services — including service coordination, youth programs, and family self-sufficiency initiatives — are delivered primarily through a partnership with LifeSTEPS, while day-to-day property management is outsourced to third-party managers such as Barker Management.
RCC's business model combines recurring rental income from subsidized affordable housing units (typically set at 30% of tenant adjusted gross income under HUD guidelines) with Low Income Housing Tax Credit (LIHTC) equity and government housing subsidies. Development is executed through a network of co-development partners including USA Properties Fund, Related California, Fairfield Residential, and The Pacific Companies, with WNC providing LIHTC equity and tax credit investment. The corporate organization is asset-light, with 1-10 HQ employees, relying on this partner ecosystem to scale the property portfolio. There is no technology product, software platform, or AI/ML capability; RCC is purely a real-estate-and-social-services nonprofit operator.
Riverside Charitable Corp firmographics
Firmographics- Name
- Riverside Charitable Corp
- Legal name
- Riverside Charitable Corporation
- Website
- https://riversidecharitable.org
- Company type
- Private
- Founded year
- 1988
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Riverside Charitable Corporation is a 501(c)(3) nonprofit founded in 1988 that develops and operates affordable housing for low-income families, seniors, homeless individuals, and people with disabilities across 157 properties and 19,869 units in six U.S. states.
- Ownership category
- akta.pro rank
Riverside Charitable Corp industry classification
Industry- Product category
- Affordable Housing
- NAICS
- Services for the Elderly and Persons with Disabilities (624120), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Residential Care Facilities (6239)
- SIC
- Services-To Dwellings & Other Buildings (7340)
- akta.pro primary industry
- Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
- akta.pro secondary industry
- Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)
Keywords
Where Riverside Charitable Corp is headquartered
LocationHeadquarters
- HQ city
- Tustin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Riverside Charitable Corp business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Others
Revenue model
- Affordable Housing Rental Operations: RCC generates revenue through rental income from its portfolio of over 19,869 affordable housing units across 157 properties. Rental rates are typically set based on tenant income levels under government subsidy programs.
- Government Subsidies and Tax Credits: As a 501(c)(3) nonprofit, RCC participates in government housing assistance programs and Low Income Housing Tax Credit (LIHTC) programs to finance affordable housing development and operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Income-based affordable housing rentals |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Riverside Charitable Corp product offering
Product offeringCore offering
Riverside Charitable Corporation develops, owns, and operates affordable rental housing communities for low-income families, seniors aged 55 and older, individuals experiencing homelessness, and individuals with special needs or disabilities. The portfolio encompasses 157+ properties and 19,869+ units across California, New Jersey, New York, North Carolina, Pennsylvania, and Washington. The organization complements its housing with social, educational, and life-skills services delivered in partnership with LifeSTEPS.
Product overview
Riverside Charitable Corporation (RCC) is a 501(c)(3) nonprofit affordable housing provider established in 1988. The organization does not offer a technology product or software platform—it provides affordable housing services and social programs. RCC's portfolio includes family housing, senior housing, homeless/transitional housing, and special needs housing across 157 properties with over 19,869 units nationwide, primarily in California. Services include property management and partnerships with LifeSTEPS for resident social services including supportive services, service coordination, youth services, and 'Thriving in Place' programs for seniors. No technology products, software modules, or digital platforms are offered.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Rental Housing Communities Rental housing units leased to low-income households at 30% of adjusted gross income per HUD guidelines, available to families, seniors aged 55+, individuals experiencing homelessness, and individuals with special needs or disabilities across California, New Jersey, New York, North Carolina, Pennsylvania, and Washington.
- Senior Affordable Housing (Thriving in Place) Affordable rental housing units specifically designated for seniors aged 55 and older, combined with the "Thriving in Place" program that supports aging in place through on-site services.
- Transitional and Homeless Housing Rental housing units designated for individuals and families experiencing homelessness or at risk of homelessness, paired with case management and supportive services.
- Special Needs / Accessible Housing Accessible affordable rental housing for individuals with special needs or disabilities, integrated with supportive services to enable stable tenancy.
- Resident Social Service Programs (via LifeSTEPS) On-site social services, after-school programs, senior-support programming, and life-skills education delivered to residents of RCC's affordable housing communities through the LifeSTEPS partnership.
Quantifiable outcome
- 19,869 affordable housing units developed and operating
- +1 more outcomes
Companies that use Riverside Charitable Corp
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Riverside Charitable Corp technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Riverside Charitable Corp partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, major and minor.
- USA Properties FundcoreDevelopment partner for multiple affordable housing properties including Newark Station Seniors, Oakland Station Senior, Vintage Court Senior Apartments, Heritage Park communities, and numerous other properties throughout California.
- Related CaliforniacoreCo-development partner for Irvine properties including Solaira at Pavilion Park, Luminaira, Luxaira, and Montaira affordable housing communities.
- Fairfield ResidentialmajorDevelopment partner for residential communities in RCC's affordable housing portfolio.
- Barker ManagementmajorProperty management company managing multiple RCC properties including Crescent Villages II, Marina Apartments, Mercedes Apartments, Rosamel Apartments, and others.
- The Pacific CompaniesmajorDevelopment partner for affordable housing communities in RCC's property portfolio.
- C&C DevelopmentminorDevelopment partner for affordable housing properties.
- Alliant Strategic DevelopmentminorStrategic development partner for affordable housing projects.
- LifeSTEPScoreSocial services partner providing resident service programs including supportive services, service coordination, client assistance, youth services, Thriving in Place senior programs, and Family Self Sufficiency Program for RCC properties.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Riverside Charitable Corp competitors and assessment
Company assessmentDirect peers
- Eden Housing: California-based nonprofit affordable housing developer with a comparable LIHTC-financed portfolio serving families, seniors, and special needs populations. Mirrors RCC's nonprofit, service-enriched approach.
- Related California: Major for-profit affordable and mixed-income housing developer and a core co-development partner of RCC (Solaira, Luminaira, Luxaira, Montaira). Operates a directly comparable LIHTC multifamily portfolio in California.
- A Community of Friends: California nonprofit providing affordable and supportive housing for low-income and homeless individuals, including special needs populations. Directly comparable nonprofit model with embedded supportive services.
- USA Properties Fund: Core development partner and property manager for multiple RCC properties (Newark Station Seniors, Heritage Park, etc.). Provides directly comparable affordable housing development and property management services across California.
- BRIDGE Housing: Large nonprofit affordable housing developer/owner operating across the Western US with a similar LIHTC-financed, mixed-population (family, senior, homeless) portfolio. BRIDGE Housing is one of the most direct comparables to RCC's nonprofit affordable housing model.
- The John Stewart Company: California-based property management and development firm specializing in affordable and supportive housing. Operates a comparable LIHTC-resident-services model and competes for similar portfolios and service contracts.
- Mercy Housing: National nonprofit affordable housing developer with a comparable service-enriched model serving families, seniors, and individuals experiencing homelessness. Operates ~50,000 units across 41 states using LIHTC and similar subsidy structures to RCC.
Others
- WNC & Associates: Core LIHTC syndication partner and financial investor in RCC's affordable housing tax credit projects. A national LIHTC syndicator funding the capital stack of comparable nonprofit housing developments.
Emerging players
- Fairfield Residential: National multifamily developer with an affordable housing segment and listed as a core development partner for RCC. Operates an overlapping LIHTC portfolio with comparable family and senior units.
- The Pacific Companies: Affordable housing developer and listed co-development partner for RCC's portfolio. Develops LIHTC-financed multifamily communities with comparable family and senior unit mixes.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Riverside Charitable Corp social profiles
Digital presenceRiverside Charitable Corp financial estimates
Financial estimateRevenue estimate
Valuation estimate
Riverside Charitable Corp leadership team
Management profileNumber of profiles
Riverside Charitable Corp funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Riverside Charitable Corp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Riverside Charitable Corp
What does Riverside Charitable Corp do?
Riverside Charitable Corporation develops, owns, and operates affordable rental housing communities for low-income families, seniors aged 55 and older, individuals experiencing homelessness, and individuals with special needs or disabilities. The portfolio encompasses 157+ properties and 19,869+ units across California, New Jersey, New York, North Carolina, Pennsylvania, and Washington. The organization complements its housing with social, educational, and life-skills services delivered in partnership with LifeSTEPS.
Is Riverside Charitable Corp a public or private company?
Riverside Charitable Corp is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Riverside Charitable Corp founded?
Riverside Charitable Corp was founded in 1988. It employs 1 to 10 people.
Where is Riverside Charitable Corp based?
Riverside Charitable Corp is headquartered in Tustin, United States, in the North America region.
How does Riverside Charitable Corp make money?
Two revenue lines are on record. Affordable Housing Rental Operations are the primary driver. The others are government Subsidies and Tax Credits.
Who are Riverside Charitable Corp's main competitors?
Direct peers on record are Eden Housing, Related California, A Community of Friends, USA Properties Fund, BRIDGE Housing, The John Stewart Company and Mercy Housing. WNC & Associates is listed as an others. Emerging players are Fairfield Residential and The Pacific Companies.
Does Riverside Charitable Corp have an API?
No public API is recorded for Riverside Charitable Corp.
What industry is Riverside Charitable Corp in?
Riverside Charitable Corp's product category is Affordable Housing. Its primary akta.pro industry code is BPAJAFAD, Affordable & Subsidized Housing Property Management (LIHTC, Section 8), with a secondary code of HLADAAAB, Affordable/Subsidized Independent Living (HUD/LIHTC) Communities. Its NAICS code is 624120 and its SIC code is 7340.