Little Rock Community Development Corporation
Overview
Mission
Provide programs and services to improve the living conditions of the underserved and unserved community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 204297209
- IRS 990 coverage
- 2021–2023
- Forms available
- Form 990 2023, Form 990-N 2020
- Headquarters
- Charlotte, NC, USA
- Phone
- 7043723390
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 60
- Transparency & Controls: 83
- Accountability: 70
- Sustainability: 52
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.9%; rating input score 38
- Program expense ratio: 84.2%; rating input score 84
- Fundraising efficiency: $423.83 raised per $1 spent on fundraising; rating input score 95; 95th percentile among comparable filings
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 5th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 2 of 7 controls in place; rating input score 29
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 55%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -4.2% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: -81.8% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 37.9% of revenue deployed · 84.2% of spending went to programs
- Governance: 14 of 14 board members independent · 2 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $110K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 15 of 16 current checks pass · 1 finding to review
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 annual filings from 2021 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
14 people listed
Source: IRS Form 990. Selected filing: FY2023.