Sdco Rio San Diego Plaza Ii Inc
Sdco Rio San Diego Plaza Ii Inc consistently generates significant surpluses with no reported officer compensation.
EIN: 203249908 · Denver, CO · NTEE: S47 · Updated: 2026-03-28
Is Sdco Rio San Diego Plaza Ii Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sdco Rio San Diego Plaza Ii Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sdco Rio San Diego Plaza Ii Inc
Sdco Rio San Diego Plaza Ii Inc (EIN: 203249908) is a nonprofit organization based in Denver, CO, classified under NTEE code S47. The organization reported total revenue of $2.5M and total assets of $27.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sdco Rio San Diego Plaza Ii Inc'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 Sdco Rio San Diego Plaza Ii Inc with a Mission Score of 88 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, Sdco Rio San Diego Plaza Ii 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other forms of compensation are paid to its officers, which is unusual for an organization of its size with assets exceeding $26 million.
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 Sdco Rio San Diego Plaza Ii Inc's IRS 990 filings:
- Lack of detailed expense breakdown makes it difficult to fully assess program efficiency.
- Unusually low liabilities relative to assets, which could indicate a very conservative financial approach or specific funding structures.
Strengths
The following positive indicators were identified for Sdco Rio San Diego Plaza Ii Inc:
- Strong financial stability with consistent revenue generation and asset growth.
- Consistent operational surpluses, indicating effective financial management.
- No reported officer compensation, suggesting low administrative overhead in this specific category.
- Long history of IRS 990 filings, demonstrating transparency and compliance.
- Low liabilities relative to assets, indicating a strong balance sheet.
Frequently Asked Questions about Sdco Rio San Diego Plaza Ii Inc
Is Sdco Rio San Diego Plaza Ii Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sdco Rio San Diego Plaza Ii Inc (EIN: 203249908) some concerns. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
How does Sdco Rio San Diego Plaza Ii Inc spend its money?
Sdco Rio San Diego Plaza Ii Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sdco Rio San Diego Plaza Ii Inc tax-deductible?
Sdco Rio San Diego Plaza Ii Inc is registered as a tax-exempt nonprofit (EIN: 203249908). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific mission of Sdco Rio San Diego Plaza Ii Inc?
Based on the NTEE code S47 (Housing Development, Construction & Management), the organization likely focuses on providing affordable housing or related services, though the exact mission statement is not available in the provided data.
How does Sdco Rio San Diego Plaza Ii Inc manage to operate without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization may be managed by volunteers, or that compensation for leadership roles is structured differently and not reported as 'officer compensation' on the 990, or that it is a subsidiary managed by a parent entity.
What is the primary use of the significant revenue surplus generated annually?
The consistent surplus, such as the $849,410 surplus in 2022 ($2,560,532 revenue - $1,711,122 expenses), likely contributes to the growth of assets, which increased from $22,843,692 in 2014 to $26,201,281 in 2022, potentially funding future housing projects or maintaining existing properties.
Filing History
IRS 990 filing history for Sdco Rio San Diego Plaza Ii Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Sdco Rio San Diego Plaza Ii Inc's revenue has declined by 0.6%, moving from $2.6M to $2.6M. Total assets increased by 17% over the same period, from $22.4M to $26.2M. Total functional expenses rose by 39.1%, from $1.2M to $1.7M. In its most recent filing year (2022), Sdco Rio San Diego Plaza Ii Inc reported a surplus of $849K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $26.2M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $25.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $2.6M | $1.7M | $26.2M | $1.2M | — | View 990 |
| 2021 | $2.7M | $1.7M | $29.2M | $578K | — | — |
| 2020 | $3.0M | $1.6M | $26.9M | $529K | — | — |
| 2019 | $2.8M | $1.5M | $27.0M | $435K | — | View 990 |
| 2018 | $2.5M | $1.4M | $26.5M | $413K | — | View 990 |
| 2017 | $2.4M | $1.4M | $25.9M | $303K | — | View 990 |
| 2016 | $2.3M | $1.4M | $26.4M | $238K | — | View 990 |
| 2015 | $2.2M | $1.4M | $26.0M | $633K | — | View 990 |
| 2014 | $2.4M | $1.2M | $22.8M | $138K | — | View 990 |
| 2013 | $2.4M | $1.2M | $23.4M | $225K | — | View 990 |
| 2012 | $2.6M | $1.3M | $22.6M | $171K | — | View 990 |
| 2011 | $2.6M | $1.2M | $22.4M | $219K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.6M, expenses of $1.7M, and assets of $26.2M (revenue -6.4% year-over-year).
- 2021: Revenue of $2.7M, expenses of $1.7M, and assets of $29.2M (revenue -8.4% year-over-year).
- 2020: Revenue of $3.0M, expenses of $1.6M, and assets of $26.9M (revenue +7.3% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.5M, and assets of $27.0M (revenue +10.4% year-over-year).
- 2018: Revenue of $2.5M, expenses of $1.4M, and assets of $26.5M (revenue +4.6% year-over-year).
- 2017: Revenue of $2.4M, expenses of $1.4M, and assets of $25.9M (revenue +5.5% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.4M, and assets of $26.4M (revenue +3.9% year-over-year).
- 2015: Revenue of $2.2M, expenses of $1.4M, and assets of $26.0M (revenue -6.7% year-over-year).
- 2014: Revenue of $2.4M, expenses of $1.2M, and assets of $22.8M (revenue -1.4% year-over-year).
- 2013: Revenue of $2.4M, expenses of $1.2M, and assets of $23.4M (revenue -9.2% year-over-year).
- 2012: Revenue of $2.6M, expenses of $1.3M, and assets of $22.6M (revenue +2.3% year-over-year).
- 2011: Revenue of $2.6M, expenses of $1.2M, and assets of $22.4M.
Data Sources and Methodology
This transparency report for Sdco Rio San Diego Plaza Ii 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.