Rockaway Development & Revitalization Corp

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Rockaway Development & Revitalization Corp Form 990, Revenue, CEO Pay, and IRS Filing Signals

Rockaway Development & Revitalization Corp is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Rockaway Development & Revitalization Corp in one place.

Is Rockaway Development & Revitalization Corp Legit?

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Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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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.

Organization Overview

Rockaway Development & Revitalization Corp is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Rockaway Development & Revitalization Corp reported a surplus of $81K with revenue exceeding expenses, holds 13.9 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), Rockaway Development & Revitalization Corp's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $81K, with revenue exceeding expenses.
• Debt-to-asset ratio: 29.8%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Rockaway Development & Revitalization Corp:

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.