Form 990 for tax year 2024
Filed by RIVER CITY COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $932,567
- Total expenses
- $921,211
- Contributions and grants received
- $728,008
- Grants paid
- $0
- Program service revenue
- $104,935
- Investment income
- $0
- Other revenue
- $99,624
- Total assets, end of year
- $1,567,774
- Total liabilities, end of year
- $989,940
- Net assets or fund balances, end of year
- $577,834
- Program services expenses (Part IX)
- $461,421
- Management and general expenses
- $459,790
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $461,421
Program services were 50.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$644,528
-
1f · All other contributions, gifts and grants
$83,480
-
2a · Program service revenue: Special Events
total $104,935 · related or exempt $104,935
-
6a · Gross rents
real property $92,489
-
6c · Rental income or loss
real property $92,489
-
6d · Net rental income or loss
total $92,489
-
8a · Fundraising events: gross income
$7,135
-
8a · Fundraising events: contributions included on line 1c
$7,135
-
8c · Net income from fundraising events
total $7,135 · excluded $7,135
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $395,713 · program services $227,991 · management and general $167,722
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $52,517 · program services $11,451 · management and general $41,066
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $17,115 · program services $10,533 · management and general $6,582
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $51,432 · management and general $51,432
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $11,374 · management and general $11,374
-
23 · Insurance
total $0
-
24a · Other expenses: Equipment and Equipment renatals
total $7,976 · program services $5,758 · management and general $2,218
-
24b · Other expenses: Supplies
total $24,210 · program services $11,605 · management and general $12,605
-
24c · Other expenses: Contracts
total $121,525 · program services $43,303 · management and general $78,222
-
24d · Other expenses: Client and Grant Expenses
total $85,577 · program services $85,537 · management and general $40
-
24e · All other expenses
total $153,772 · program services $65,243 · management and general $88,529
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,053 · end of year $4,556
-
3 · Pledges and grants receivable
beginning of year $32,586 · end of year $19,938
-
10a · Land, buildings and equipment: cost or other basis
$2,250,581
-
10b · Land, buildings and equipment: accumulated depreciation
$707,301
-
10c · Land, buildings and equipment, net
beginning of year $1,554,654 · end of year $1,543,280
-
17 · Accounts payable and accrued expenses
beginning of year $412,722 · end of year $434,950
-
23 · Secured mortgages and notes payable
beginning of year $518,903 · end of year $489,452
-
24 · Unsecured notes and loans payable
beginning of year $96,190 · end of year $65,538
-
27 · Net assets without donor restrictions
beginning of year $471,948 · end of year $483,304
-
28 · Net assets with donor restrictions
beginning of year $94,530 · end of year $94,530
Mission and programs · 2024
Mission
Strengthen communities and improve the quality of life in Northeastern NC. Provide affordable housing, economic and workforce development, health and wellness, cultural awareness and youth empowerment. Create a future where all residents will acheive theirhighest potential.
Activities or mission (Part I)
Strengthen communities and improve the quality of life in Northeastern NC. Provide affordable housing, economic and workforce development, health and wellness, cultural awareness and youth empowerment.
-
Various Grant Programs
Expenses $461,421 · Grants $644,528
As filed on the 2024 return.
Listed in Part VII
-
Lenora Jarvis - Mackey
Executive Director
- Total calculated
- $100,000
- From this org
- $100,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Dr Ulysses Bell
Chairperson
- Total calculated
- $0
- Hours/week
- 5
-
Jeremy Bailey
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Saundra Copeland
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Lucas
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Aubrey H J Mitchell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Frank Simpson Jr
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kevin Wade
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Harold Barnes Sr
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543309349300109
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