River Parishes Communitydevelopment Corporation
River Parishes Community Development Corporation faces severe financial distress with 2022 revenue of $441 against $170,752 in expenses.
EIN: 205550182 · Norco, LA · NTEE: S32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $441 |
| Total Expenses | $171K |
| Program Spending | 75% |
| Net Assets | $120K |
| Transparency Score | 40/100 |
Is River Parishes Communitydevelopment Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
River Parishes Communitydevelopment Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About River Parishes Communitydevelopment Corporation
River Parishes Communitydevelopment Corporation (EIN: 205550182) is a nonprofit organization based in Norco, LA, classified under NTEE code S32. The organization reported total revenue of $441 and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Parishes Communitydevelopment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Parishes Communitydevelopment Corporation is a micro nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -40.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $441 |
| Total Expenses | $171K |
| Surplus / Deficit | $-170,311 |
| Total Assets | $120K |
| Net Assets | $120K |
| Operating Margin | -38619.3% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2022, River Parishes Communitydevelopment Corporation reported a deficit of $170K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), River Parishes Communitydevelopment Corporation's revenue has declined at a compound annual growth rate (CAGR) of -40.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -99.6% | +54.2% | -58.6% |
| 2021 | -33.8% | +160.5% | -3.5% |
| 2020 | +42.3% | -70.6% | +56.8% |
| 2019 | -20.9% | +135.9% | -16.6% |
| 2018 | -1.2% | -13.9% | +46.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates River Parishes Communitydevelopment Corporation with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, River Parishes Communitydevelopment Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $170K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filing periods, indicating that the organization's leadership is entirely volunteer-based, which is commendable for minimizing overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of River Parishes Communitydevelopment Corporation's IRS 990 filings:
- Severe revenue-expense imbalance in 2022 ($441 revenue vs. $170,752 expenses).
- Significant decline in assets from $290,415 in 2021 to $120,104 in 2022, likely used to cover operational deficits.
- Frequent historical periods where expenses exceeded revenue, indicating ongoing financial challenges.
- Lack of detailed expense breakdown in available data makes it difficult to assess program efficiency.
Strengths
The following positive indicators were identified for River Parishes Communitydevelopment Corporation:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- No reported liabilities across all filing periods, suggesting responsible debt management.
- Maintained a substantial asset base for many years, though recently depleted.
Frequently Asked Questions about River Parishes Communitydevelopment Corporation
Is River Parishes Communitydevelopment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, River Parishes Communitydevelopment Corporation (EIN: 205550182) significant concerns. Mission Score: 40/100. 4 red flags identified, 3 strengths noted.
How does River Parishes Communitydevelopment Corporation spend its money?
River Parishes Communitydevelopment Corporation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to River Parishes Communitydevelopment Corporation tax-deductible?
River Parishes Communitydevelopment Corporation is registered as a tax-exempt nonprofit (EIN: 205550182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of River Parishes Communitydevelopment Corporation's spending goes to programs?
River Parishes Communitydevelopment Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does River Parishes Communitydevelopment Corporation compare to similar nonprofits?
With a transparency score of 40/100 (Fair), River Parishes Communitydevelopment Corporation is near average for NTEE category S32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is River Parishes Communitydevelopment Corporation located?
River Parishes Communitydevelopment Corporation is headquartered in Norco, Louisiana and files with the IRS under EIN 205550182. It is classified under NTEE code S32.
How many years of IRS 990 filings does River Parishes Communitydevelopment Corporation have?
River Parishes Communitydevelopment Corporation has 12 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 $441 in total revenue.
Is River Parishes Community Development Corporation financially sustainable?
Based on the 2022 financial data showing $441 in revenue against $170,752 in expenses, the organization's current financial model appears unsustainable. This significant deficit raises serious concerns about its long-term viability.
What caused the drastic drop in revenue in 2022?
The IRS 990 data alone does not specify the reason for the precipitous drop in revenue from $100,217 in 2021 to $441 in 2022. Further investigation into the organization's funding sources and operational changes would be necessary.
How are the 2022 expenses of $170,752 being covered with only $441 in revenue?
The large discrepancy between 2022 expenses and revenue suggests that the organization either drew heavily from its assets (which decreased from $290,415 in 2021 to $120,104 in 2022) or incurred significant liabilities not reported, or received funds not categorized as revenue in the filing. The asset reduction covers a portion of the deficit.
Does the organization have a history of financial instability?
While the 2022 figures are extreme, the organization has frequently reported expenses exceeding revenue in previous years (e.g., 2021, 2019, 2016, 2015), indicating a recurring challenge in maintaining a positive operating margin.
Filing History
IRS 990 filing history for River Parishes Communitydevelopment Corporation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), River Parishes Communitydevelopment Corporation's revenue has declined by 99.7%, moving from $144K to $441. Total assets increased by 148% over the same period, from $48K to $120K. Total functional expenses fell by 84.9%, from $1.1M to $171K. In its most recent filing year (2022), River Parishes Communitydevelopment Corporation reported a deficit of $170K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $441 | $171K | $120K | $0 | — | — |
| 2021 | $100K | $111K | $290K | $0 | — | — |
| 2020 | $151K | $42K | $301K | $0 | — | View 990 |
| 2019 | $106K | $145K | $192K | $0 | — | View 990 |
| 2018 | $135K | $61K | $230K | $0 | — | View 990 |
| 2017 | $136K | $71K | $157K | $0 | — | View 990 |
| 2016 | $116K | $121K | $92K | $0 | — | View 990 |
| 2015 | $112K | $213K | $97K | $0 | — | View 990 |
| 2014 | $132K | $16K | $198K | $0 | — | View 990 |
| 2013 | $151K | $137K | $82K | $0 | — | View 990 |
| 2012 | $20K | $706 | $68K | $0 | — | View 990 |
| 2011 | $144K | $1.1M | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $441, expenses of $171K, and assets of $120K (revenue -99.6% year-over-year).
- 2021: Revenue of $100K, expenses of $111K, and assets of $290K (revenue -33.8% year-over-year).
- 2020: Revenue of $151K, expenses of $42K, and assets of $301K (revenue +42.3% year-over-year).
- 2019: Revenue of $106K, expenses of $145K, and assets of $192K (revenue -20.9% year-over-year).
- 2018: Revenue of $135K, expenses of $61K, and assets of $230K (revenue -1.2% year-over-year).
- 2017: Revenue of $136K, expenses of $71K, and assets of $157K (revenue +16.9% year-over-year).
- 2016: Revenue of $116K, expenses of $121K, and assets of $92K (revenue +4.2% year-over-year).
- 2015: Revenue of $112K, expenses of $213K, and assets of $97K (revenue -15.1% year-over-year).
- 2014: Revenue of $132K, expenses of $16K, and assets of $198K (revenue -12.9% year-over-year).
- 2013: Revenue of $151K, expenses of $137K, and assets of $82K (revenue +654.7% year-over-year).
- 2012: Revenue of $20K, expenses of $706, and assets of $68K (revenue -86.1% year-over-year).
- 2011: Revenue of $144K, expenses of $1.1M, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Parishes Communitydevelopment Corporation:
Data Sources and Methodology
This transparency report for River Parishes Communitydevelopment 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.