Richmond Heights Community Development Corporation
- Assets
- $254.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Miami, FL
- Founding
- 02/1994
- Data as of
- 03/2024
- EIN
- 65-0378328
Organization Overview
Richmond Heights Community Development Corporation is located in Miami, FL. The organization was established in 1994. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Heights Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Richmond Heights Community Development Corporation generated $124.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $109.3k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FOCUS ON EXPANDING ECONOMIC DEVELOPMENT OPPORTUNITIES, INCREASING HOUSING OPPORTUNITIES, PROMOTING COMPREHENSIVE NEIGHBORHOOD REVITALIZATION AND ENSURING THE EFFICIENT DELIVERY OF SOCIAL SERVICES IN THE NEIGHBORHOOD.
Describe the Organization's Program Activity:
THE RICHMOND HEIGHTS COMMUNITY DEVELOPMENT CORPORATION CONCENTRATES ITS ACTIVITIES IN ECONOMIC DEVELOPMENT BY INCREASING PROPERTY VALUES, JOB OPPORTUNITIES AND THE NUMBER OF LOCALLY OWNED BUSINESSES IN RICHMOND HEIGHTS. IN ADDITION, IT WORKS TO INCREASE THE NUMBER OF HOMEOWNERS IN RICHMOND HEIGHTS AND REDUCE THE NUMBER OF VACANT SINGLE-FAMILY HOMES. THE RHCDC ALSO RAISES AWARENESS OF SOCIAL SERVICES AVAILABLE TO RESIDENTS THEREBY IMPROVING THE QUALITY OF LIFE.
PROVIDING A QUARTERLY COMMUNITY NEWSLETTER THAT WOULD FEATURE POSITIVE NEWS AND INFORMATION FOR AND ABOUT THE COMMUNITY ON A QUARTERLY BASIS. THE ADVOCATE SERVES AS A VEHICLE TO KEEP THE COMMUNITY INFORMED AND IS A RESOURCE THAT IS SECOND TO NONE.
THE RHCDC ESTABLISHED A SCHOLARSHIP PROGRAM FOR GRADUATING HIGH SCHOOL SENIORS. THE PURPOSE OF THIS SCHOLARSHIP PROGRAM IS TO COMMEND, ENCOURAGE AND SUPPORT RICHMOND HEIGHTS' ASPIRING YOUNG LEADERS. THE RECIPIENTS OF THE RHCDC SCHOLARSHIPS ARE THE EPITOME OF STRONG WORK ETHICS COMBINED WITH DILIGENT STUDY. IN ADDITION TO EXCELLING SCHOLASTICALLY, ALL OF THE AWARDEES HAVE CONTRIBUTED TO THE COMMUNITY BY VOLUNTEERING WITH CIVIC OR CHARITABLE ORGANIZATIONS, AND/OR SERVING IN EXTRA-CURRICULAR LEADERSHIP ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Beckford Director | 1 | $0 | |
Karen Webb President | 1 | $0 | |
Frieda Brown Secretary | 1 | $0 | |
John Gore Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,070 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $22,609 |
| Total Revenue | $124,679 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $46,615 |
| Professional fees and other payments to independent contractors | $11,181 |
| Occupancy, rent, utilities, and maintenance | $7,464 |
| Printing, publications, postage, and shipping | $175 |
| Other expenses | $30,863 |
| Total expenses | $109,298 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,566 |
| Other assets | $0 |
| Total assets | $254,551 |
| Total liabilities | $2,404 |
| Net assets or fund balances | $252,147 |