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Nonprofiteer
← RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,682,102
Total expenses
$1,516,748
Contributions and grants received
$1,490,672
Grants paid
$133,075
Program service revenue
$149,868
Investment income
$897
Other revenue
$40,665
Total assets, end of year
$1,691,512
Total liabilities, end of year
$670,485
Net assets or fund balances, end of year
$1,021,027
Program services expenses (Part IX)
$1,084,892
Management and general expenses
$331,301
Fundraising expenses
$100,555
Program service expenses (Part III)
$1,084,892

Program services were 71.5% 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)

    $331,113

  • 1f · All other contributions, gifts and grants

    $1,159,559

  • 2a · Program service revenue: PROGRAM MEMBERSHIP REVENUE

    total $106,604 · related or exempt $106,604

  • 2b · Program service revenue: PROGRAM REVENUE

    total $43,264 · related or exempt $43,264

  • 3 · Investment income

    total $897 · excluded $897

  • 6a · Gross rents

    real property $40,665

  • 6c · Rental income or loss

    real property $40,665

  • 6d · Net rental income or loss

    total $40,665 · related or exempt $40,665

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,075 · program services $133,075

  • 5 · Compensation of officers, directors and key employees

    total $74,014 · program services $45,832 · management and general $21,009 · fundraising $7,173

  • 7 · Other salaries and wages

    total $545,176 · program services $337,596 · management and general $154,747 · fundraising $52,833

  • 9 · Other employee benefits

    total $74,345 · program services $46,037 · management and general $21,103 · fundraising $7,205

  • 10 · Payroll taxes

    total $47,033 · program services $29,125 · management and general $13,350 · fundraising $4,558

  • 11b · Fees: legal

    total $7,121 · program services $110 · management and general $7,011

  • 11c · Fees: accounting

    total $31,149 · program services $480 · management and general $30,669

  • 11d · Fees: lobbying

    total $11,314 · fundraising $11,314

  • 11g · Fees: other

    total $185,374 · program services $175,318 · management and general $60 · fundraising $9,996

  • 12 · Advertising and promotion

    total $14,171 · management and general $14,171

  • 13 · Office expenses

    total $73,140 · program services $36,227 · management and general $36,546 · fundraising $367

  • 16 · Occupancy

    total $64,780 · program services $58,303 · management and general $5,182 · fundraising $1,295

  • 17 · Travel

    total $6,267 · program services $2,523 · management and general $1,443 · fundraising $2,301

  • 20 · Interest

    total $24,229 · program services $21,806 · management and general $1,938 · fundraising $485

  • 22 · Depreciation, depletion and amortization

    total $37,492 · program services $33,743 · management and general $2,999 · fundraising $750

  • 23 · Insurance

    total $17,627 · program services $15,864 · management and general $1,410 · fundraising $353

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $70,936 · program services $63,842 · management and general $5,675 · fundraising $1,419

  • 24b · Other expenses: COMMUNITY ENGAGEMENT

    total $35,273 · program services $35,273

  • 24c · Other expenses: PROJECT SUPPLIES

    total $23,435 · program services $23,357 · management and general $78

  • 24d · Other expenses: PROGRAM EXPENSES

    total $16,031 · program services $10,825 · management and general $5,206

  • 24e · All other expenses

    total $24,766 · program services $15,556 · management and general $8,704 · fundraising $506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $685,896 · end of year $1,134,479

  • 2 · Savings and temporary cash investments

    beginning of year $10,062 · end of year $10,143

  • 3 · Pledges and grants receivable

    beginning of year $10,442 · end of year $23,282

  • 10a · Land, buildings and equipment: cost or other basis

    $795,832

  • 10b · Land, buildings and equipment: accumulated depreciation

    $272,224

  • 10c · Land, buildings and equipment, net

    beginning of year $553,190 · end of year $523,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,606 · end of year $127,527

  • 23 · Secured mortgages and notes payable

    beginning of year $369,311 · end of year $342,958

  • 24 · Unsecured notes and loans payable

    end of year $200,000

  • 27 · Net assets without donor restrictions

    beginning of year $673,925 · end of year -$251,195

  • 28 · Net assets with donor restrictions

    beginning of year $181,748 · end of year $1,272,222

Mission and programs · 2023

Mission

BE THE TRUSTED AND ACCESSIBLE COMMUNITY HUB FOR SOCIAL AND ECONOMIC ENTREPRENEURSHIP WHICH FACILITATES SELF-SUFFICIENCY WHILE HONORING THE PEOPLE'S VOICE AND CULTURE.

  • RIO GRANDE COMMUNITY DEVELOPMENT CORPORATION (RGCDC) SERVES THE NEEDS OF RESIDENTS AND BUSINESS OWNERS IN BERNALILLO COUNTY, WITH A FOCUS ON THE SOUTH VALLEY AREA. RGCDC'S SOCIAL AND BUSINESS JUSTICE MISSION IS TO SUPPORT COMMUNITY-WIDE HEALTHY ECONOMIC AND SOCIAL DEVELOPMENT THAT ENRICHES TRADITIONAL CULTURAL VALUES AND HISTORICAL USES OF THE LAND.

    Expenses $477,471 · Grants $60,075 · Revenue $43,068

  • THE SOUTH VALLEY ECONOMIC DEVELOPMENT CENTER (SVEDC) IS A COLLABORATIVE EFFORT BETWEEN BERNALILLO COUNTY AND RGCDC. IN ITS 17,000 SQUARE FOOT FACILITY LOCATED IN THE HEART OF ALBUQUQUERQUE'S SOUTH VALLEY, SVEDC SERVES AS A BUSINESS INCUBATOR BY PROVIDING BUSINESS INCUBATOR SUPPORT SERVICES AND A SITE FOR MANUFACTURING AND FOOD DISTRIBUTION. SVEDC ALSO SERVES AS A COMMUNITY BUSINESS HUB AND SOCIAL DEVELOPMENT.

    Expenses $286,699 · Grants $73,000 · Revenue $106,800

  • THE COLOR THEORY INITIATIVE IS A COLLABORATIVE PROGRAM WITH OTHER ALIGNED SOCIAL AND ECONOMIC DEVELOPMENT PROVIDERS FOCUSED ON OVERCOMING SYSTEMIC CHALLENGES FACING NEW MEXICO ENTREPRENEURS AND BUSINESS OWNERS OF COLOR. THE PROGRAM IS DEDICATED TO PROMOTE SHARED TECHNICAL ASSISTANCE AND DATABASE RESOURCES TO EXPAND KNOWLEDGE, ACCESS, AND OPPORTUNITIES FOR BUSINESS SUCCESS TO THOSE IN TRADITIONALLY UNDERSERVED GROUPS.

    Expenses $320,722

As filed on the 2023 return.

Listed in Part VII

  • Robert Baade

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Adrian Pedroza

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    2

  • Ruth Aragon

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Keith Hartnett

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Shawn Berman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Annette Chavez Y De La Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Baca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tatiana Falcon Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Denise Nava

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roberta Ricci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kizito Wijenje

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josue Olivares

    EXECTIVE DIR

    Total calculated
    $80,243
    From this org
    $74,014
    From related orgs
    $0
    Other
    $6,229
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202413209349321606

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