Rockaway Development & Revitalization Corp
Rockaway Development & Revitalization Corp maintains stable finances with growing assets and no reported officer compensation.
EIN: 112575794 · Far Rockaway, NY · NTEE: I210 · Updated: 2026-03-28
Is Rockaway Development & Revitalization Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rockaway Development & Revitalization Corp directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rockaway Development & Revitalization Corp
Rockaway Development & Revitalization Corp (EIN: 112575794) is a nonprofit organization based in Far Rockaway, NY, classified under NTEE code I210. The organization reported total revenue of $2.1M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockaway Development & Revitalization Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rockaway Development & Revitalization Corp with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Rockaway Development & Revitalization Corp allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $2 million in annual revenue. This either indicates a fully volunteer executive leadership or that executive compensation is categorized differently within their financial statements, requiring further scrutiny for complete transparency.
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 Rockaway Development & Revitalization Corp's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and warrants further investigation into executive compensation practices.
Strengths
The following positive indicators were identified for Rockaway Development & Revitalization Corp:
- 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.
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) some concerns. Mission Score: 75/100. 1 red flag identified, 4 strengths noted.
How does Rockaway Development & Revitalization Corp spend its money?
Rockaway Development & Revitalization Corp directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rockaway Development & Revitalization Corp tax-deductible?
Rockaway Development & Revitalization Corp is registered as a tax-exempt nonprofit (EIN: 112575794). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Rockaway Development & Revitalization Corp fund its executive leadership if no officer compensation is reported?
The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is included in other expense categories, which would require reviewing the full Form 990 for clarification.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency.
Has the organization faced any significant financial challenges or surpluses in recent years?
RDRC has generally operated with revenues closely matching expenses. For example, in 202306, revenue was $2,187,316 and expenses were $2,106,773, showing a slight surplus. In 202206, expenses ($1,759,755) slightly exceeded revenue ($1,747,216). Overall, it maintains a relatively balanced budget.
Filing History
IRS 990 filing history for Rockaway Development & Revitalization Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Rockaway Development & Revitalization Corp's revenue has grown by 144%, moving from $897K to $2.2M. Total assets increased by 107.6% over the same period, from $1.2M to $2.4M. Total functional expenses rose by 97.1%, from $1.1M to $2.1M. In its most recent filing year (2023), Rockaway Development & Revitalization Corp reported a surplus of $81K, with revenue exceeding expenses. The organization holds $727K in liabilities against $2.4M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $2.4M | $727K | — | View 990 |
| 2022 | $1.7M | $1.8M | $2.2M | $607K | — | View 990 |
| 2021 | $1.7M | $1.7M | $2.2M | $586K | — | View 990 |
| 2020 | $1.4M | $1.6M | $2.3M | $730K | — | View 990 |
| 2019 | $2.4M | $1.6M | $2.3M | $506K | — | View 990 |
| 2018 | $1.5M | $1.4M | $2.2M | $1.2M | — | View 990 |
| 2017 | $1.3M | $1.4M | $1.9M | $931K | — | View 990 |
| 2016 | $1.2M | $1.2M | $1.6M | $457K | — | View 990 |
| 2015 | $1.2M | $1.2M | $1.6M | $473K | — | View 990 |
| 2014 | $1.5M | $1.1M | $1.7M | $543K | — | View 990 |
| 2013 | $979K | $999K | $1.3M | $602K | — | View 990 |
| 2012 | $1.3M | $1.1M | $1.4M | $605K | — | View 990 |
| 2011 | $897K | $1.1M | $1.2M | $615K | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $2.4M (revenue +25.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $2.2M (revenue +1.2% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.7M, and assets of $2.2M (revenue +20.5% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $2.3M (revenue -39.5% year-over-year).
- 2019: Revenue of $2.4M, expenses of $1.6M, and assets of $2.3M (revenue +62.4% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $2.2M (revenue +12.4% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $1.9M (revenue +11.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M (revenue +0.8% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.2M, and assets of $1.6M (revenue -24.5% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.1M, and assets of $1.7M (revenue +57.2% year-over-year).
- 2013: Revenue of $979K, expenses of $999K, and assets of $1.3M (revenue -25.0% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.1M, and assets of $1.4M (revenue +45.6% year-over-year).
- 2011: Revenue of $897K, expenses of $1.1M, and assets of $1.2M.
Data Sources and Methodology
This transparency report for Rockaway Development & Revitalization Corp 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.