Is Rockaway Development & Revitalization Corp Legit?
Quick charity verification for Rockaway Development & Revitalization Corp (EIN: 112575794)
Verdict: Rockaway Development & Revitalization Corp appears trustworthy
75/100Mission Score
$2.1MRevenue
$2.2MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into executive compensation practices.
Strengths
Consistent revenue generation, with the latest filing showing over $2.1 million.
Growing asset base, reaching $2,443,194 in 2023, indicating financial stability.
Liabilities are manageable relative to assets, suggesting good financial management.
Long filing history (13 filings) demonstrates sustained operation and compliance.
Spending Breakdown
How Rockaway Development & Revitalization Corp allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Rockaway Development & Revitalization Corp
Is Rockaway Development & Revitalization Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Rockaway Development & Revitalization Corp (EIN: 112575794) appears trustworthy. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
Is Rockaway Development & Revitalization Corp a good charity to donate to?
Rockaway Development & Revitalization Corp has a Mission Score of 75/100. Revenue: $2.1M. Assets: $2.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Rockaway Development & Revitalization Corp?
The Employer Identification Number (EIN) for Rockaway Development & Revitalization Corp is 112575794. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Rockaway Development & Revitalization Corp spend its money?
Rockaway Development & Revitalization Corp allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Rockaway Development & Revitalization Corp's tax-exempt status?
You can verify Rockaway Development & Revitalization Corp's tax-exempt status using EIN 112575794 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Rockaway Development & Revitalization Corp (RDRC) demonstrates consistent financial activity, with revenues and expenses generally in a similar range over the past decade. In the most recent filing (202306), RDRC reported revenues of $2,187,316 against expenses of $2,106,773, indicating a slight surplus. The organization's assets have shown growth, reaching $2,443,194 in 2023, while liabilities have fluctuated but remained manageable relative to assets. A notable aspect of RDRC's financial structure is the consistent reporting of 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or compensation being reported under different categories, warranting further investigation for full transparency.
While the overall financial health appears stable with growing assets and controlled liabilities, the absence of reported officer compensation could be a point of concern for transparency if executive functions are indeed compensated but not disclosed in this specific line item. The organization's NTEE code (I210 - Community Development Corporations) aligns with its mission, and the consistent operational scale suggests a stable presence in its community. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories from the provided data, a precise assessment of spending efficiency is challenging.
Given the available data, RDRC appears to be a financially stable organization with a consistent operational footprint. The lack of reported officer compensation is a significant data point that could be interpreted positively (volunteer leadership) or negatively (lack of transparency in reporting executive pay). Further detailed expense breakdowns would be necessary to fully evaluate spending efficiency and program impact.