Richmond Heights Community Development Corporation
EIN: 650378328 · Miami, FL · NTEE: X20Z
| Metric | Value |
|---|---|
| Total Revenue | $572K |
| Total Expenses | $109K |
| Net Assets | $252K |
Is Richmond Heights Community Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Richmond Heights Community Development Corporation
Richmond Heights Community Development Corporation (EIN: 650378328) is a nonprofit organization based in Miami, FL, classified under NTEE code X20Z. The organization reported total revenue of $572K and total assets of $804K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Richmond Heights Community Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Richmond Heights Community Development Corporation is a small nonprofit that has been operating for 32 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $125K |
| Total Expenses | $109K |
| Surplus / Deficit | +$15K |
| Total Assets | $255K |
| Total Liabilities | $2K |
| Net Assets | $252K |
| Operating Margin | 12.3% |
| Debt-to-Asset Ratio | 0.9% |
| Months of Reserves | 27.9 months |
Financial Health Grade: A
In 2024, Richmond Heights Community Development Corporation reported a surplus of $15K with revenue exceeding expenses, holds 27.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Richmond Heights Community Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -29.6% | -13.5% | +7.4% |
| 2023 | +33.0% | -4.0% | +27.3% |
| 2022 | +1603.7% | +15.0% | +0.8% |
| 2021 | -96.4% | -13.6% | -39.7% |
| 2020 | -16.4% | -21.5% | +48.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Richmond Heights Community Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Richmond Heights Community Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.9%.
Frequently Asked Questions about Richmond Heights Community Development Corporation
Is Richmond Heights Community Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Richmond Heights Community Development Corporation (EIN: 650378328) insufficient data. 0 red flags identified, 0 strengths noted.
How does Richmond Heights Community Development Corporation spend its money?
Detailed spending breakdown data is not yet available for Richmond Heights Community Development Corporation. Check back for updated IRS 990 analysis.
Are donations to Richmond Heights Community Development Corporation tax-deductible?
Richmond Heights Community Development Corporation is registered as a tax-exempt nonprofit (EIN: 650378328). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Richmond Heights Community Development Corporation located?
Richmond Heights Community Development Corporation is headquartered in Miami, Florida and files with the IRS under EIN 650378328. It is classified under NTEE code X20Z.
How many years of IRS 990 filings does Richmond Heights Community Development Corporation have?
Richmond Heights Community Development Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $572K in total revenue.
Filing History
IRS 990 filing history for Richmond Heights Community Development Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Richmond Heights Community Development Corporation's revenue has grown by 67.7%, moving from $74K to $125K. Total assets increased by 8% over the same period, from $236K to $255K. Total functional expenses rose by 15%, from $95K to $109K. In its most recent filing year (2024), Richmond Heights Community Development Corporation reported a surplus of $15K, with revenue exceeding expenses. The organization holds $2K in liabilities against $255K in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $252K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $125K | $109K | $255K | $2K | — | View 990 |
| 2023 | $177K | $126K | $237K | $315 | — | View 990 |
| 2022 | $133K | $132K | $186K | $106 | — | View 990 |
| 2021 | $8K | $114K | $185K | $137 | — | View 990 |
| 2020 | $219K | $132K | $306K | $15K | — | View 990 |
| 2019 | $262K | $169K | $206K | $2K | — | View 990 |
| 2018 | $156K | $159K | $108K | $0 | — | — |
| 2017 | $164K | $151K | $99K | $0 | — | View 990 |
| 2016 | $108K | $107K | $95K | $0 | — | View 990 |
| 2015 | $110K | $103K | $92K | $0 | — | View 990 |
| 2014 | $129K | $137K | $84K | $0 | — | View 990 |
| 2013 | $154K | $141K | $91K | $125 | — | View 990 |
| 2012 | $128K | $119K | $78K | $0 | — | View 990 |
| 2011 | $74K | $95K | $236K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $125K, expenses of $109K, and assets of $255K (revenue -29.6% year-over-year).
- 2023: Revenue of $177K, expenses of $126K, and assets of $237K (revenue +33.0% year-over-year).
- 2022: Revenue of $133K, expenses of $132K, and assets of $186K (revenue +1603.7% year-over-year).
- 2021: Revenue of $8K, expenses of $114K, and assets of $185K (revenue -96.4% year-over-year).
- 2020: Revenue of $219K, expenses of $132K, and assets of $306K (revenue -16.4% year-over-year).
- 2019: Revenue of $262K, expenses of $169K, and assets of $206K (revenue +67.9% year-over-year).
- 2018: Revenue of $156K, expenses of $159K, and assets of $108K (revenue -4.5% year-over-year).
- 2017: Revenue of $164K, expenses of $151K, and assets of $99K (revenue +52.1% year-over-year).
- 2016: Revenue of $108K, expenses of $107K, and assets of $95K (revenue -2.3% year-over-year).
- 2015: Revenue of $110K, expenses of $103K, and assets of $92K (revenue -14.7% year-over-year).
- 2014: Revenue of $129K, expenses of $137K, and assets of $84K (revenue -16.2% year-over-year).
- 2013: Revenue of $154K, expenses of $141K, and assets of $91K (revenue +20.2% year-over-year).
- 2012: Revenue of $128K, expenses of $119K, and assets of $78K (revenue +72.6% year-over-year).
- 2011: Revenue of $74K, expenses of $95K, and assets of $236K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Richmond Heights Community Development Corporation:
Data Sources and Methodology
This transparency report for Richmond Heights Community Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.