Rochester Downtown Development Corporation
Rochester Downtown Development Corporation shows consistent revenue and asset growth with no reported officer compensation.
EIN: 161081958 · Rochester, NY · NTEE: S30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.9 |
| Net Assets | $1.8M |
| Transparency Score | 85/100 |
Is Rochester Downtown Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rochester Downtown Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rochester Downtown Development Corporation
Rochester Downtown Development Corporation (EIN: 161081958) is a nonprofit organization based in Rochester, NY, classified under NTEE code S30. The organization reported total revenue of $2.7M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rochester Downtown Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rochester Downtown Development Corporation is a mid-size nonprofit that has been operating for 10 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$214K |
| Total Assets | $2.6M |
| Total Liabilities | $776K |
| Net Assets | $1.8M |
| Operating Margin | 11.3% |
| Debt-to-Asset Ratio | 29.8% |
| Months of Reserves | 18.7 months |
Financial Health Grade: A
In 2023, Rochester Downtown Development Corporation reported a surplus of $214K with revenue exceeding expenses, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 29.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Rochester Downtown Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.7% | +19.4% | +1.9% |
| 2022 | +30.4% | +132.5% | +17.1% |
| 2021 | +0.4% | +80.8% | -5.9% |
| 2020 | +69.4% | -4.8% | +383.3% |
| 2019 | +88.1% | +10.5% | +114.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Rochester Downtown Development Corporation with a Mission Score of 85 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, Rochester Downtown Development Corporation 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 $214K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.8%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through other means not classified as officer compensation, which is highly unusual for an organization of its size with nearly $1.9 million in annual revenue.
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 Rochester Downtown Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation for an organization with nearly $1.9M in revenue may warrant further investigation into how leadership is compensated or if key roles are entirely volunteer-based, as this is atypical for an organization of this scale.
Strengths
The following positive indicators were identified for Rochester Downtown Development Corporation:
- Significant and consistent revenue growth, increasing from $610,003 in 2019 to $1,890,890 in 2023.
- Strong asset accumulation, growing from $480,598 in 2019 to $2,609,582 in 2023, indicating financial stability.
- Positive net asset position maintained and growing across all reported years, demonstrating sound financial management.
- Expenses generally well-covered by revenue, with a positive net income in most recent years (e.g., $214,349 in 2023).
- Consistent reporting of 0% officer compensation, suggesting a high dedication of resources to program activities.
Frequently Asked Questions about Rochester Downtown Development Corporation
Is Rochester Downtown Development Corporation a legitimate charity?
Rochester Downtown Development Corporation (EIN: 161081958) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Rochester Downtown Development Corporation spend its money?
Rochester Downtown Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Rochester Downtown Development Corporation tax-deductible?
Rochester Downtown Development Corporation is registered as a tax-exempt nonprofit (EIN: 161081958). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Rochester Downtown Development Corporation CEO make?
Rochester Downtown Development Corporation's highest-compensated officer earns $1.9 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Rochester Downtown Development Corporation's spending goes to programs?
Rochester Downtown Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Rochester Downtown Development Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Rochester Downtown Development Corporation is above average for NTEE category S30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Rochester Downtown Development Corporation located?
Rochester Downtown Development Corporation is headquartered in Rochester, New York and files with the IRS under EIN 161081958. It is classified under NTEE code S30.
How many years of IRS 990 filings does Rochester Downtown Development Corporation have?
Rochester Downtown Development Corporation has 13 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 $2.7M in total revenue.
Is Rochester Downtown Development Corporation a good charity?
Based on the financial data, RDDC appears to be a well-managed organization with strong financial growth and a commitment to directing resources to its mission, as evidenced by its increasing assets and 0% reported officer compensation. Its financial health and efficiency suggest it is a good charity in terms of financial stewardship.
How has RDDC's revenue grown over time?
RDDC has experienced substantial revenue growth, increasing from $610,003 in 2019 to $1,890,890 in 2023, representing over a 200% increase in five years.
What is the trend in RDDC's assets?
The organization's assets have shown significant growth, from $480,598 in 2019 to $2,609,582 in 2023, indicating a strong build-up of financial reserves and capacity.
Filing History
IRS 990 filing history for Rochester Downtown Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rochester Downtown Development Corporation's revenue has grown by 566.8%, moving from $284K to $1.9M. Total assets increased by 3266.3% over the same period, from $78K to $2.6M. Total functional expenses rose by 475.7%, from $291K to $1.7M. In its most recent filing year (2023), Rochester Downtown Development Corporation reported a surplus of $214K, with revenue exceeding expenses. The organization holds $776K in liabilities against $2.6M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $2.6M | $776K | — | — |
| 2022 | $1.4M | $1.4M | $2.6M | $942K | — | — |
| 2021 | $1.0M | $604K | $2.2M | $458K | — | View 990 |
| 2020 | $1.0M | $334K | $2.3M | $1.0M | — | — |
| 2019 | $610K | $351K | $481K | $101K | — | View 990 |
| 2018 | $324K | $318K | $224K | $104K | — | View 990 |
| 2017 | $441K | $343K | $206K | $92K | — | View 990 |
| 2016 | $288K | $329K | $105K | $89K | — | View 990 |
| 2015 | $374K | $366K | $139K | $82K | — | View 990 |
| 2014 | $407K | $420K | $130K | $81K | — | View 990 |
| 2013 | $369K | $325K | $118K | $56K | — | View 990 |
| 2012 | $301K | $288K | $98K | $80K | — | View 990 |
| 2011 | $284K | $291K | $78K | $72K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $2.6M (revenue +39.7% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.4M, and assets of $2.6M (revenue +30.4% year-over-year).
- 2021: Revenue of $1.0M, expenses of $604K, and assets of $2.2M (revenue +0.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $334K, and assets of $2.3M (revenue +69.4% year-over-year).
- 2019: Revenue of $610K, expenses of $351K, and assets of $481K (revenue +88.1% year-over-year).
- 2018: Revenue of $324K, expenses of $318K, and assets of $224K (revenue -26.4% year-over-year).
- 2017: Revenue of $441K, expenses of $343K, and assets of $206K (revenue +53.0% year-over-year).
- 2016: Revenue of $288K, expenses of $329K, and assets of $105K (revenue -22.9% year-over-year).
- 2015: Revenue of $374K, expenses of $366K, and assets of $139K (revenue -8.2% year-over-year).
- 2014: Revenue of $407K, expenses of $420K, and assets of $130K (revenue +10.4% year-over-year).
- 2013: Revenue of $369K, expenses of $325K, and assets of $118K (revenue +22.8% year-over-year).
- 2012: Revenue of $301K, expenses of $288K, and assets of $98K (revenue +6.0% year-over-year).
- 2011: Revenue of $284K, expenses of $291K, and assets of $78K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rochester Downtown Development Corporation:
Data Sources and Methodology
This transparency report for Rochester Downtown 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.