Commercial Development & Management Corporation

Nonprofit profile at a glance

EIN
262650489
IRS 990 coverage
2010–2019
Forms available
Form 990 2019, Form 990-EZ 2014
Location
Las Vegas, NV, USA
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$182,000
Expenses
$221,062
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

5 people listed

Highest reported compensation

  • MARK RYAN (CHIEF EXEC O): $107,975 total reported compensation
  • LIZ DICKSON (FINANCIAL OF): $42,030 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is a supporting organization exclusively for the benefit of the university of Nevada, las vegas. It is intended that the corporation will acquire, own, develop, lease, license, operate and manage real property to provide funds to be used for the benefit of research activities and otherwise support the university. The corporation will be governed to solely benefit the university or a university charity.

What it reported doing in 2019

The corporation will acquire, own, develop, lease, operate and manage propery, real, personal and mixed, tangible and intangible, to provide funds to be used for the benefit of research activities and otherwise support the university of Nevada, las vegas (unlv). The corporation shall never be operated to support or benefit any organization other than unlv or a unlv charity.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 75% for direct work, and 25% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 93
  • Accountability: 72
  • Sustainability: 7
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.3%; rating input score 94
  • Program expense ratio: 77.6%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 19th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -21.5%; rating input score 13; 13th 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: 67.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -24.2% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: -3.5% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 94.3% of revenue deployed · 77.6% of spending went to programs
  • Governance: 4 of 5 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $172K in reported program spending
  • Leadership: top reported pay $108K · 5 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 7 filing years from 2010 to 2019
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.