Riverpark At Cooleemee Falls Inc
Riverpark At Cooleemee Falls Inc consistently grows assets with zero liabilities and no reported officer compensation.
EIN: 161683246 · Mocksville, NC · NTEE: N32 · Updated: 2026-03-28
Is Riverpark At Cooleemee Falls Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverpark At Cooleemee Falls Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverpark At Cooleemee Falls Inc
Riverpark At Cooleemee Falls Inc (EIN: 161683246) is a nonprofit organization based in Mocksville, NC, classified under NTEE code N32. The organization reported total revenue of $220K and total assets of $563K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverpark At Cooleemee Falls Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverpark At Cooleemee Falls Inc is a small nonprofit that has been operating for 22 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 45.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $134K |
| Surplus / Deficit | +$83K |
| Total Assets | $521K |
| Net Assets | $521K |
| Operating Margin | 38.4% |
| Months of Reserves | 46.8 months |
Financial Health Grade: A
In 2023, Riverpark At Cooleemee Falls Inc reported a surplus of $83K with revenue exceeding expenses, holds 46.8 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Riverpark At Cooleemee Falls Inc's revenue has grown at a compound annual growth rate (CAGR) of 45.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -44.4% | +118.4% | +19.0% |
| 2022 | +281.8% | +40.0% | +301.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Riverpark At Cooleemee Falls Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Riverpark At Cooleemee Falls Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $83K, with revenue exceeding expenses.
Executive Compensation Analysis
No officer compensation has been reported across all three available filings (2021-2023), suggesting a volunteer-led executive team or compensation levels below IRS reporting thresholds, which is highly efficient for an organization of its size with assets exceeding $500,000.
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.
Strengths
The following positive indicators were identified for Riverpark At Cooleemee Falls Inc:
- Consistent asset growth: Assets increased from $108,923 in 2021 to $520,960 in 2023.
- Zero liabilities: The organization has reported $0 in liabilities across all three filing periods, indicating excellent financial stability.
- No reported officer compensation: 0% officer compensation across all filings suggests highly efficient use of funds.
- Healthy surplus generation: Expenses are consistently well below revenue, allowing for significant reinvestment.
- Strong financial transparency: Detailed financial data is consistently reported in IRS 990 filings.
Frequently Asked Questions about Riverpark At Cooleemee Falls Inc
Is Riverpark At Cooleemee Falls Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Riverpark At Cooleemee Falls Inc (EIN: 161683246) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Riverpark At Cooleemee Falls Inc spend its money?
Riverpark At Cooleemee Falls Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Riverpark At Cooleemee Falls Inc tax-deductible?
Riverpark At Cooleemee Falls Inc is registered as a tax-exempt nonprofit (EIN: 161683246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Riverpark At Cooleemee Falls Inc a good charity?
Based on its financial health, efficiency, and transparency, Riverpark At Cooleemee Falls Inc appears to be a very good charity. It consistently generates surpluses, has zero liabilities, and reports no officer compensation, indicating strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over the past three years?
The organization's financial health has significantly improved over the past three years. Assets grew from $108,923 in 2021 to $520,960 in 2023, and revenue has seen substantial growth, particularly in 2022 ($390,067), while maintaining zero liabilities.
What is the organization's approach to executive compensation?
Riverpark At Cooleemee Falls Inc has reported 0% officer compensation in all available filings (2021-2023), suggesting that its executive leadership is either entirely volunteer-based or compensated at levels that do not meet IRS reporting thresholds, which is a highly efficient model.
Filing History
IRS 990 filing history for Riverpark At Cooleemee Falls Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Riverpark At Cooleemee Falls Inc's revenue has grown by 112.2%, moving from $102K to $217K. Total assets increased by 378.3% over the same period, from $109K to $521K. Total functional expenses rose by 205.7%, from $44K to $134K. In its most recent filing year (2023), Riverpark At Cooleemee Falls Inc reported a surplus of $83K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $217K | $134K | $521K | $0 | — | View 990 |
| 2022 | $390K | $61K | $438K | $0 | — | View 990 |
| 2021 | $102K | $44K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $217K, expenses of $134K, and assets of $521K (revenue -44.4% year-over-year).
- 2022: Revenue of $390K, expenses of $61K, and assets of $438K (revenue +281.8% year-over-year).
- 2021: Revenue of $102K, expenses of $44K, and assets of $109K.
Data Sources and Methodology
This transparency report for Riverpark At Cooleemee Falls Inc 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.